The crypto market registered a substantial drop on Wednesday before recovering towards the end of the day after Federal Reserve Chair Jerome Powell flagged concerns about inflation and slowing growth due to tariffs. However, markets recovered as crypto remained strong in the face of adversity even though traditional stock markets took a beating.
Top crypto prices remained under pressure this week as market participants focused on the ongoing trade war between the US and other countries. Bitcoin was stuck around $84,000, while the crypto fear and greed index moved to the fear zone of 25.
In a recovering crypto market, investors are shifting from short-term trades to long-term infrastructure plays. Projects with defined utility, ongoing development, and expanding user ecosystems are beginning to stand out again. Ripple (XRP), Polkadot (DOT), and Cosmos (ATOM) are re-establishing themselves as foundational assets, each benefiting from improved sentiment and clearer adoption narratives.
IOTA has registered a 6% price increase in the past week, but is printing a potential bearish flip pattern that could see its price drop sharply. This price prediction for IOTA aligns with overall market weakness, where major cryptocurrencies are trading near key support or resistance levels.
IOTA token price has moved sideways in the past few days as it formed a rare bullish pattern ahead of the Rebased upgrade. IOTA (IOTA) was trading at $0.1670, a few points above the year-to-date low of $0.1360.
TL;DR Cross-Chain Breakthrough: Injective's IBC Eureka bridges Bitcoin liquid staking tokens into Cosmos, creating new opportunities for seamless cross-chain interaction. Enhanced DeFi Opportunities: The upgrade enables rapid, secure transactions that empower advanced yield farming, lending, and staking options in the Cosmos ecosystem.
Cosmos IBC Eureka Launch:- In a bid to integrate Ethereum ecosystem with its network, Cosmos has announced the launch of its interoperability layer, Eureka – bringing interoperability. Eureka upgrade will now allow Ethereum-compatible chains to directly communicate with cosmos blockchains via its native interoperability protocol – IBC.
Cosmos ATOM has introduced Eureka, a new tool meant to link its blockchain system with Ethereum ETH.
This new development opens the door for seamless onboarding of Bitcoin Liquid Staking Tokens (BTC LSTs). For example, Lombard Finance's $LBTC, from Ethereum to Injective.
Cosmos, a blockchain network aiming to become the “internet of blockchains,” has launched Eureka, an interoperability layer designed to link its inter-blockchain communication (IBC) protocol with Ethereum.According to an April 10 announcement, Eureka has expanded the Cosmos IBC protocol, changing IBC from an ecosystem standard “to a universal interoperability protocol,” setting the hub on a course to become the home of multichain apps. Cosmos projects are integrating into IBC Eureka.
Ethereum is the first non-Cosmos network to join the IBC ecosystem which plans expand to networks including Solana, Base and Arbitrum.
Last week, Bitcoin (BTC) began showing early signs of decoupling from the US stock markets. Bitcoin was relatively flat over the week, while the S&P 500 plunged by 9%.
Cosmos (ATOM) is gaining strong bullish momentum, jumping over 14% in the last 24 hours as technical indicators flash potential for further upside. The token's Relative Strength Index (RSI) has surged from deeply oversold levels to nearly overbought territory, highlighting an aggressive wave of buying pressure.
Bitcoin and the crypto market were hit by a price correction in response to the U.S. President Donald Trump's tariff announcements on Liberation Day. Cosmos's token ATOM defied the trend with nearly 10% gains on the day.
Cosmos (ATOM) has staged a remarkable comeback, soaring 16.72% over the past 24 hours to trade above $5.06 at press time.
For ATOM to continue with the uptrend, it needed to break and stay above the key level at $5.
Cosmos ($ATOM) rallied by 10% on Friday, hitting a local high of $4.86. The price increase followed eToro's announcement that it had launched staking for Cosmos ($ATOM) and Polkadot ($DOT), allowing eligible users to earn rewards by holding the assets.Despite the short-term price boost, $ATOM remains down by 57.
Crypto Prices Today (April 4): The broader market sentiment remains uncertain this Friday as Bitcoin (BTC) price held around the previous day's levels, at $83K. Moving on to other metrics, the global cryptocurrency market cap jumped slightly by 0.20% to $2.6 trillion.
Built on the Cosmos SDK, this new sidechain is the result of a successful collaboration. It brings together RippleX, Axelar, Common Prefix, and Peersyst.
Crypto prices remained on edge on Friday as the market came to terms with Donald Trump's trade war and its implications. Bitcoin bounced back above $84,000, while other popular tokens like Ethereum, Ripple, and Solana crawled back.
The crypto market today has resumed its business with sentiments being unchanged over the previous day. Talking about numbers, the market cap has sunk 1.38% since yesterday to $2.65 trillion. The trading volume has taken a shot down 32.13% to $88.91 billion.
Cryptocurrency prices have slumped this year leading to a $1 trillion wipeout of their market value. Bitcoin has crashed from the year-to-date high of $109,300 to $85,000, while the market cap of all coins has slumped from over $3.8 trillion to $2.7 trillion today.
The Cosmos ecosystem is set to transform blockchain interoperability with IBC Eureka, the upgrade to its Inter-Blockchain Communication (IBC) protocol. The first transaction between Cosmos Hub (ATOM) and Ethereum was successfully made on Friday, March 28, with potential implications for the user and developer experience in web3.
Cosmos developers are working to extend the Inter-Blockchain Communication (IBC) protocol to Ethereum.
Cosmos developers are advancing efforts to enhance the Inter-Blockchain Communication (IBC) protocol by extending its capabilities to Ethereum.
Cosmos's development team has successfully conducted the first Inter-Blockchain Communication transaction directly between Cosmos Hub and Ethereum.
TL;DR IBC Evolution: Cosmos developers unveiled the “Eureka” IBC upgrade (IBC-go v10) that paves the way for native Ethereum interoperability, enabling seamless asset and data transfers. Milestone Test: Interchain Labs successfully tested an IBC transaction from Cosmos Hub to Ethereum, marking a crucial step toward robust cross-chain functionality.
The development is part of the Eureka upgrade for Cosmos ecosystem, which is expected to release this year.
Nubank, a Latin American financial bank backed by Warren Buffett's Berkshire Hathaway, has expanded its crypto offerings by adding four altcoins to its portfolio. The bank is adding Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) to its 100 million clients in Brazil, according to a March 25 announcement.
The Interchain Foundation, part of the Cosmos ecosystem, has announced the open-sourcing of Evmos, establishing it as the network's native Ethereum Virtual Machine (EVM) framework.
The Interchain Foundation has funded the open-sourcing of evmOS—now branded Cosmos EVM—as the standard Ethereum Virtual Machine framework for the Cosmos ecosystem.
The crypto markets remained flat on Tuesday, with the market cap registering a marginal increase and moving to $2.72 trillion. Prices have remained relatively muted as markets wait for the FOMC meeting and clarity on interest rate cuts.
TL;DR Interchain Integration: The ICF has open-sourced Evmos, now rebranded as Cosmos EVM, integrating EVM compatibility directly into the Cosmos SDK to streamline cross-chain communication between Ethereum and Cosmos. Developer Empowerment: Released under the Apache 2.0 license, Cosmos EVM enables developers to easily incorporate Ethereum features, Ethereum wallets, and native ERC-20 tokens.
This integration strengthens interoperability between the EVM ecosystem and Cosmos, particularly through the IBC protocol.
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Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience.
The cryptocurrency market remains largely in a consolidation phase, led by Bitcoin (BTC), which is pushing to make a decisive break above the $85,000 resistance while targeting the $90,000 mark.
Cosmos price rose for five consecutive days and reached its highest level since March 3 as demand and futures open interest rose. Cosmos (ATOM) jumped to a high of $4.
The crypto market remains volatile, with the Pepe coin price crashing by over 75% from its highest level in December last year. This decline is happening as recession risks rise and the crypto fear and greed index remains in the red.
Unichain and Berachain, which debuted last month, led blockchain growth over the past month, followed by Iota.
The crypto market rebounded on Wednesday after President Donald Trump hinted at a tariff relief after Commerce Secretary Howard Lutnick reportedly stated Trump could roll back tariffs on Canada and Mexico, with an announcement likely on March 5.
Cryptocurrency prices were on edge on Tuesday, mirroring the performance of American stocks. Bitcoin price plunged to $84,000, a big drop from the weekend high of over $100,000. The total market cap of all cryptocurrencies tracked by CoinMarketCap plunged by over 10% to $2.77 trillion, while liquidations jumped.
IOTA is showing strong signs of a reversal after bouncing from key support levels. Is this the beginning of a major rally?
It was a sea of green in the cryptocurrency industry as Bitcoin and most altcoins surged. Cardano (ADA) price surged by 60%, while Cronos (CRO), Ripple (XRP), and IOTA (IOTA) surging by over 20% on Monday morning. This surge brought the market cap of all coins up by over 10% to $3.10 trillion.
Crypto prices rebounded during the weekend, with the total market of all coins soaring to over $3.20 trillion and the fear and greed index moving to the neutral level. This rebound was driven by speculation among crypto investors, who believe that these coins will do well this year.
Blockchain analytics provider Nansen has partnered with IOTA to integrate advanced on-chain intelligence tools, enabling users to analyze network health metrics and discover investment opportunities.
IOTA users are set to benefit from powerful on-chain analytics following the distributed ledger technology platform's latest integration. On Feb. 19, blockchain analytics provider Nansen announced it had integrated with IOTA (IOTA)'s Ethereum Virtual Machine-compatible layer, IOTA EVM.
Are you keeping an eye on Cosmos (ATOM) and searching for the next big crypto opportunity? With its recent price action and new developments in the market, now could be a great time to explore high-potential investments.