The crypto market has so far been relatively steady this April. Out of the major cryptocurrencies, Dogecoin has seen the most movement after dropping 5% from a daily low of $0.76. The cause of the dip was mainly due to a $258 billion lawsuit filed against Dogecoin's long-time fan and Twitter CEO, Elon Musk. The lawsuit accused Elon Musk and Dogecoin Foundation of falsely and deceptively promoting the meme coin as a legitimate investment when it has no value at all. Musk responded to the lawsuit by motioning the US judge to dismiss it, arguing that the basic facts of Dogecoin's risks being well known were covered by his 'puffery' statements.

Another popular meme coin, Shiba Inu (SHIB) saw a 3.5% decrease over the past 24 hours as well as Solana (SOL) at a drop of 3.6%. Bitcoin (BTC) stayed relatively unchanged at -0.4% over the day trading at $28,350, while Ethereum (ETH) decreased by 0.8% to $1,811. The global crypto market capitalization is standing at $1.22 trillion, showing 0.4% decrease.

Despite these minor fluctuations in the crypto market, a steadiness has been retained overall this April. This is likely due to promising news around particular projects such as Dogecoin, and expectations about wider adoption in the near future. These continued developments for the cryptocurrency industry may hold more exciting developments in the coming months. The global community continues to stand by, looking forward to uncovering what the cryptocurrency markets have in store.



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