Memecoins Became Top-Performing Crypto Sector in April
Amid the bullish sentiment in the cryptocurrency market after Bitcoin ($BTC) reclaimed its $81,000 mark this week, Coinbase released COIN50 Index data for April, where the overall crypto market witnessed strong performance over the last month. According to the official data shared by Coinbase Institutional, the COIN50 Index has jumped by approximately 11.05% in the last month. One of the major reasons behind this surge is the easing of geopolitical tensions in the Middle East after the U.S. and Iran returned to peace talks following a ceasefire in the biggest war of the decade. The upward momentum in the crypto market was witnessed after initial shocks earlier this year, when Bitcoin drastically plunged below $70,000. In April, Bitcoin price increased by around 16%, while Ethereum shot up by around 14%. Bitcoin Triggers Correlation in Altcoins, Ethereum Follows the Lead After the bear run at the beginning of this year, Bitcoin has entered in April month with around $67,000. By the end of April, $BTC price soared by around $76,000. On the other hand, the second biggest cryptocurrency, Ethereum, has started the month at around $2,100 and wrapped up at around $3,300. After the rough start of 2026, in April, the crypto sector has witnessed strong