April 2, 2026-26Market SentimentStrongly bearish20 cryptocurrencies analyzedToday's crypto market sentiment is strongly bearish, with a score of -25.9/100 across 20 cryptocurrencies. The market's downturn has been significantly influenced by the alarming news surrounding the Solana-based decentralized exchange, Drift Protocol, which reported a staggering $270 million hack. This incident has not only led to a sharp decline in the value of the DRIFT token but has also triggered widespread panic, contributing to a 3.4% drop in total market capitalization, now at $2.36 trillion.Major cryptocurrencies have felt the impact as well, with Bitcoin down 3.2% to $66,389 and Ethereum falling 4.6% to $2,036. The fallout from the Drift Protocol hack has particularly affected the sentiment around ADA, DOT, and XRP, all of which are currently rated among the top bearish coins with scores of -80. In contrast, ALPHA, APT, and XMR are showing some resilience, being the top bullish coins with scores of 80 and 70, respectively.While the Reddit community remains silent with no posts to gauge sentiment, the overall mood reflects extreme fear, as indicated by a Fear & Greed index score of…

Read the full brief — free for 7 days

Get full access to daily crypto sentiment reports, Owl Scores for 200+ coins, and market signals.

Start Free Trial
Already have an account? Sign in