April Recap Report: A Month of Correction, Trade Imperfection, and Market Misdirection!

A
@brianq
May 1, 2024


It's no secret that April was a month of price correction and growing trader concern. It was a sea of red for most crypto assets, with Bitcoin closing out the month at $60.8K and starting May down at $59.8K, the lowest we have seen the top asset's price since February 28th.

The top 100 market cap assets have dropped by a total of -10.1%. Some key price returns by percentage over the past 30 days include:


  • Bitcoin $BTC: -15%
  • Ethereum $ETH: -17%
  • Dogecoin $DOGE: -37%
  • XRP Ledger $XRP: -39%
  • Aptos $APT: -49%

Looking at the breakdown by sector in the final week of April, we can see that memecoins have really gotten the worst of this retrace, which makes sense considering the torrid pace they were rising in February and March (Pepe and Dogwifhat, we see you). On the other