Best Cryptocurrencies to Invest in Today, April 7- Bitcoin, Chainlink, Aptos
Highlights:
- The crypto market faces huge losses as over $900 million is liquidated in 24 hours amid global recession fears.
- Bitcoin drops below $75K with heavy sell-offs while gold gains $80, showing strong safe haven demand.
- Chainlink and Aptos see high trading volumes as platform expansions, and unlock events drive activity.
The cryptocurrency market is facing a bloodbath as the market reacts to the tariffs imposed by the United States. Black Monday, as many analysts refer to today, has seen over $900 million in liquidations in the past 24 hours. Early trading hours in the Asian market have crashed 10%, and the situation seems to be leading to a very major market recession. However, the price of gold has soared to $80, challenging the notion of Bitcoin being digital gold.
At the time of writing, the global market cap is at $2.37 trillion, down by 11.12% in the last 24 hours. Despite this, the total trading volume is up 222.26% to $134.96 billion. The fear and greed index stands in the extreme fear zone at an index of 17. Despite the bearish mood in the market caused by macroeconomic factors, these are the best cryptocurrencies to invest in today.
Best Cryptocurrencies to Invest in Today
1. Bitcoin (BTC)
The largest cryptocurrency by market cap is trading at $74,933, representing a 9.81% decrease over the last 24 hours. The market cap stands at $1.48 trillion, and the trading volume has increased by 324.50% to $57.78 billion. BTC is down 8.48% on the weekly chart. As per the CoinGlass data, BTC’s 24-hour liquidations have increased to $322 million. BTC is on a downward trend to its $70,000 crucial support zone.
The brutal crash of Bitcoin is due to massive sell-offs due to fears of a global recession as the second phase of reciprocal tariffs takes effect on April 9. Despite the bearish mood in the market, major institutions still believe in the value of Bitcoin. Hunter Horsley, the CEO of Bitwise Investments, has noted that as nations trust each other less, the place of Bitcoin in the world is becoming more valuable. He states that BTC looks increasingly differentiated as it is not controlled by any nation and is apolitical.
As nations trust each other less. As corporations have more difficulty doing business.
A global, digital, apolitical store of value — controlled by no nation — looks increasingly differentiated.
Bitcoin's place in the world has never been more valuable.
— Hunter Horsley (@HHorsley) April 6, 2025
2. Chainlink (LINK)
LINK is currently trading at around $10.39, with a 17.80% decrease in the past day. Its trading volume has increased by 291.39% to $658.92 million, while the market cap stands at $6.83 billion. The increase in the trading activity can be attributed to institutional adoption of the coin.
Recently, PayPal expanded its digital offerings to include Chainlink and Solana for users in the United States and its territories. Customers can now directly buy, sell, hold, and transfer these cryptocurrencies on the platform. PayPal began its crypto offerings in October 2020, and the latest addition to its offerings will bring exposure to the coins. Despite the bearish mood in the market, the inclusion of LINK on major platforms will likely boost its price in the long run.
PayPal and Venmo Add Solana and Chainlink
In exciting news for crypto enthusiasts, PayPal and Venmo are adding Solana and Chainlink to their platforms, joining Bitcoin and Ethereum. Will this increase the adoption of these altcoins, or will Bitcoin and Ethereum remain the kings… pic.twitter.com/KcCxlWLnfi
— Times of Blockchain (@ToBcryptonews) April 7, 2025
3. Aptos (APT)
APT is trading at $3.99, representing a 15.48% decrease over the last 24 hours. The market cap stands at $2.41 billion, and the trading volume has increased by 150.08% to $193.14 million. Despite the increase in the trading volume, APT is down 21.82% in the weekly chart and 33% on the monthly chart.
Despite the bearish momentum of the coin, the upcoming unlock is set to change the trajectory of the coin. On Saturday, $52 million worth of coins will be allocated to the community, core contributors, and the foundation. APT has a circulating supply of 604 million coins, with 11.3 million tokens being unlocked every month. The unlock may trigger trading activity and cause a price swing of the coin.
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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