Daily News | Ethereum's Market Cap Was Surpassed By McDonald's, TON Rose Against The Trend By 4.8%

Crypto Daily Digest: Ethereum’s market cap was overtaken by McDonald’s, and the crypto panic greed index fell to 34

The U.S. stock market was closed over the weekend, and there was no change in funds for crypto spot ETFs.

Ethereum‘s market cap was overtaken by McDonald’s and fell to $218.73 billion

According to 8marketcap data, Ethereum’s market cap fell to $218.73 billion, a 7-day drop of 9.98%, and its ranking fell to 68th in the global asset market cap rankings.

McDonald’s surpassed Ethereum with a market cap of $219.4 billion, ranking 67th in the global asset market cap ranking.

U.S. stock futures fell in early trading

On March 31, the S&P 500 and Nasdaq 100 futures fell more than 0.5% in early trading on Monday. There may be more volatility this week. Trump will announce reciprocal tariffs on Wednesday, and the US ADP employment data for March will also be released on Wednesday. On Friday, the US unemployment rate and non-farm payrolls data for March will be released, and Federal Reserve Chairman Powell will deliver a keynote speech on the same day.

PumpSwap’s total number of users exceeded 700,000 within 10 days of launch

On March 31, according to Dune dashboard data, the Solana on-chain DEX PumpSwap supported by Pump.fun had a trading volume of $215.8 million in the past 24 hours, and the trading volume exceeded $2.43 billion in 10 days after its launch. Meanwhile, the number of daily active addresses of PumpSwap exceeded 243,000, with 158,000 daily active addresses yesterday, and the total number of users exceeded 700,000.

Crypto Fear ＆ Greed Index fell to 34 today

On March 31, according to Alternative data, the crypto Fear ＆ Greed Index was 34 today, maintaining the panic state and intensifying. The average last week was 45 (panic), and the market’s depressed sentiment continued.

Market Trends: Ethereum fell to its previous low level, while TON rose 4.8% against the trend

Market Hotspots

Mubarak, a popular Meme coin in the early market, has fallen for five consecutive days, with a 24-hour drop of more than 20%. The current price is $0.05916. As of press time, Mubarak tokens have fallen by more than 70% from their high of $0.22. Meme tokens are seriously affected by emotions and short-term capital flows, so investors should be cautious in participating.

In the last 24 hours, a total of 75,114 people were liquidated worldwide, with a total liquidation amount of $213 million, of which $163 million was liquidated for long orders. The largest liquidation currency, Bitcoin, had a 24-hour liquidation amount of $65 million.

Mainstream Coins

Impacted by the US economy and the upcoming tariffs, the cryptocurrency market is sluggish, with Bitcoin falling below $82,000. As of press time, Bitcoin is quoted at $81,740, down 1.72% in 24 hours, returning to a low range of fluctuations.

Ethereum is relatively weak, with a price of $1,812 as of press time, having fallen to its lowest price since mid-March. Last Friday, the U.S. Ethereum spot ETF saw its first net inflow after 10 consecutive days of net outflows. Investors are advised to pay attention to the flow of Ethereum funds this week.

Altcoins fell across the board, with the PayFi sector leading the decline with a 24-hour drop of 3.27%, including a 3.72% drop in XRP and a 1.8% drop in XLM. TON rose 4.8% against the trend and is currently priced at $3.895. The high point of this round of increases was $4.091.

Macro News: Goldman Sachs sounded the recession alarm, Japanese stocks fell more than 4% in early trading

According to Dow Jones News, in its latest report, Goldman Sachs raised the probability of the US economy falling into recession in the next 12 months from 20% to 35%, almost doubling it. This pessimistic expectation is mainly due to the “reciprocal tariff” policy that the Trump administration is about to announce on April 2. Goldman Sachs expects that the policy will impose an average of 15% reciprocal tariffs on all US trading partners, resulting in an increase of 15 percentage points in the average US tariff rate, higher than the previous forecast of 10 percentage points.

On March 31, the Nikkei 225 Index continued to fall in early trading, possibly due to the news that “Trump will announce reciprocal tariffs on Wednesday”. The decline widened to 4%. The South Korean KOSPI Index fell by 2.3%, hitting its lowest level since February 10.