Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

April 28 – Per Bitget data, spot gold’s intraday decline has widened to over 2%, last trading at $4,582.05 an ounce. Spot silver is down 4% intraday, currently at $72.42 an ounce.

On April 28, data from Bitget shows pre-market trading for OpenAI partner stocks saw NVIDIA down 2.8%, Microsoft down 1.2%, and AMD down 6%. Earlier reports note that OpenAI has recently failed to hit its self-set targets for new user acquisition and sales, sparking internal concerns the company may struggle to cover its massive AI infrastructure spending. OpenAI missed its internal goal for ChatGPT to reach 1 billion weekly active users by the end of 2025, and the firm also faces challenges with subscriber churn rates. CFO Sarah Friar expressed concerns in discussions with other executives that if OpenAI can’t ramp up sales quickly enough, it may not be able to afford its future computing needs.

April 28 – Per data from Bitget, Nasdaq futures extended their losses to 1%, S&P 500 futures were down 0.52%, and Dow Jones futures were up 0.19%. WTI crude oil futures expanded their gains to 4.5%, while spot gold fell below the $4,600 per ounce mark, down 1.8% intraday.

**Bybit Dual Currency Investment Bi-weekly Challenge Launches on April 28** The Bybit Dual Currency Investment Bi-weekly Challenge went live on the evening of April 28 and runs for two weeks. After signing up, users can trade Bybit’s Dual Currency Investment product to compete on the Dual Currency Trading Leaderboard for a shot at exciting rewards. The top prize is 2,500 USDT, and new users also qualify for an exclusive 5 USDT airdrop.

On April 28th, Polymarket announced it has begun rolling out a platform upgrade. The platform will undergo approximately one hour of maintenance, during which trading will be paused, the order book will be cleared, and user funds and positions will remain secure. Once the upgrade wraps up, the platform will launch $1 million in liquidity incentives. All existing order books will be cleared during the upgrade process, so users will need to place new orders after the upgrade is complete. Post-upgrade, the platform will transition from USDC.e to the new collateral token pUSD. Most users won’t need to take any additional action, as the frontend will handle the migration automatically with just one authorization required.

April 28th Bitcoin slipped from above $79k this week to $76,500, stalling its rebound from late March’s dip below $65k. Traders eyeing a quick return to upside momentum should note recent economic data doesn’t back a major bullish push. Top of the list: University of Michigan Consumer Sentiment, which hit a record low 49.8 in April—driven mainly by Iran conflict-linked inflation pressures. Inflation expectations also spiked: the 1-year gauge jumped to 4.8% (from 3.8% in March), while 5-10 year expectations hit 3.5%—the highest since October 2025. Inflation expectations risk becoming self-fulfilling—something the Fed and other central banks watch closely to anchor. The sharp jump could crimp the Fed’s ability to signal near-term rate cuts or liquidity easing, as more stimulus risks amplifying inflation. That hawkish tilt may cap BTC and other risk assets’ upside or slow gains. Bitfinex analyst: “Long-term inflation expectations are a more critical risk for the Fed—they’re the