Cryptos Subdued As Peace Deal Hopes Fade

Cryptocurrency markets experienced a downturn on Monday, with overall capitalization slipping 0.64% to $2.7 trillion following a 24-hour trading volume decline of 16% to $66 billion. The U.S.-Iran diplomatic impasse, rising crude oil prices exceeding a 76% year-to-date spike, and anticipation of Tuesday’s April CPI data release contributed to heightened market anxiety. The CPI report is expected to show headline inflation rising to 3.7% from 3.3% in March, while core inflation is projected to edge up to 2.7% from 2.6%. Bitcoin (BTC) fell 0.44% to $80,670.67, marking a 36% drop from its October 2025 all-time high of $126,198.07, and a 7.8% year-to-date loss. Bitcoin Spot ETFs recorded net inflows of $27 million, led by Morgan Stanley Bitcoin Trust (MSBT) with $26 million, while iShares Bitcoin Trust ETF (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) saw outflows. Meanwhile, Tesla’s market cap surge pushed it to 11th globally, displacing Bitcoin to 12th, behind Meta Platforms (META) at 13th. Ethereum (ETH) declined over 2% to $2,285.33, down 54% from its August 2025 peak of $4,953.73, and slipped four spots to 64th in global asset rankings. Ethereum Spot ETFs experienced $17 million in net outflows. Bitcoin’s market dominance rose to 60.11%, while Ethereum’s share dropped to 10.28%, and stablecoins increased to 12.01% of the total market amid fading risk appetite. Liquidation data from Coinglass showed $253 million in forced closures, with short positions ($108 million) exceeding longs ($145 million). CoinMarketCap’s Fear and Greed Index fell to 50 from 52, entering neutral territory. XRP (XRP) dropped 0.29% to $1.44, while BNB (BNB) rose over 1%, though details on its price were incomplete. The broader crypto market saw 50 of the top 100 coins trading with over 1% losses, contrasting with 14 showing gains.