4 May 2026 Evening: Monday Closes Green as Bitcoin Targets Its First $80K Daily Candle Close in Weeks
Crypto markets close Monday in positive territory as Bitcoin holds above $80,000 heading into the Asian session, with the Fear and Greed Index stuck at 40.
Monday closes green for the crypto market, with Bitcoin ending the UK evening session at $80,256 (£59,314) for what looks like its first confirmed daily candle close above $80,000 in several weeks. The Fear and Greed Index hasn’t moved from 40 all day, sitting firmly in Fear territory even as the total market added roughly $40 billion in capitalisation through Monday’s session. As London winds down for the night and Asian desks switch on, the question is whether overnight buyers will treat tonight’s close as a platform or a ceiling.
The total cryptocurrency market capitalisation stands at approximately $2.73 trillion at this evening’s reading, reflecting a broad but measured gain across Monday’s full trading session. Bitcoin’s share of the overall market sits at 58.7%, near the top of its recent range, indicating that capital arriving in crypto this week has favoured Bitcoin ahead of the wider altcoin market. The Crypto Fear and Greed Index measures sentiment by combining price momentum, social media signals, search trends, and trading volumes into a score from zero to one hundred, where zero is maximum fear and one hundred is maximum greed. It reads 40 this evening, unchanged from the afternoon, placing the market in Fear territory for a full day despite a gain of more than 1% across the board.
| Timeframe | Regime | What it means |
|---|---|---|
| 1 hour | Neutral | Bitcoin is flat through the evening session, holding above $80,000 without extending the gain. |
| 4 hours | Bullish | The four-hour structure remains constructive, with higher lows building since this morning’s push. |
| Daily | Bullish | A 2% daily gain holding above $80,000 into the evening close is a positive signal. |
| Weekly | Bullish | A 4.5% weekly gain puts Bitcoin back in a clear uptrend from last week’s lows. |
| Monthly | Bullish | An 18.8% monthly return reflects meaningful recovery from April’s pullback. |
Bitcoin is trading at $80,256 (£59,314) as London moves into the evening, up just over 2% on the day and holding comfortably above the round number that has drawn attention through Monday’s session. The afternoon update flagged whether Bitcoin could close the UTC daily candle above $80,000, and at this hour the market appears on track to deliver. A confirmed close above $80,000 would mark the first such close in several weeks and typically signals to momentum-following funds that the level is functioning as support rather than resistance. Volume through the day has been solid without being spectacular, at around $130 billion over 24 hours, enough to give the move credibility without suggesting an overextended surge. The more measured the volume on a breakout day, the less likely a sharp reversal on the following session’s open.
Dogecoin was the day’s quiet outperformer among the larger names, rising 2.57% to $0.111 (£0.082) by the evening session. There is no fundamental development behind the move. Dogecoin’s price action has rarely been driven by on-chain data or protocol changes; it responds to sentiment, social activity, and broad risk appetite more directly than almost any other asset in the top twenty. A small Dogecoin outperformance on a day when most of the market posts modest gains is often an early indicator that retail-facing enthusiasm is beginning to re-emerge at the margins. If Dogecoin extends its lead overnight, that tends to precede a broader altcoin move in the sessions that follow.
Ethereum closed the day at $2,364 (£1,747), up 1.48%, a solid gain in absolute terms but trailing Bitcoin’s 2% move for the second consecutive session. The ETH/BTC ratio has edged lower through Monday as a result, reflecting a market in a Bitcoin-first recovery phase that has been the consistent pattern since April. Ethereum’s network fundamentals remain healthy, with layer-2 activity strong and fee revenue recovering from its post-Dencun lows, but the price action tonight suggests that larger buyers are treating Bitcoin as the safer re-entry point. Ethereum’s next meaningful test is $2,400. A clean break above that in the Asian or early European session tomorrow would change the near-term picture for ETH.
XRP edged 0.80% higher to $1.41 (£1.04) on Monday, one of the quieter sessions among the major assets. The move keeps XRP within its recent range without extending it in either direction. The ongoing process around Ripple’s regulatory position in the United States, while substantially less fraught than it was at the peak of the SEC case, continues to keep some institutional buyers cautious before further legal confirmation arrives. A quiet hold at current levels into the Asian open is the neutral outcome; a slip below $1.35 would draw more attention.
The most interesting feature of Monday is not a price but a persistence: the Fear and Greed Index has sat at 40 across every reading through the full UK trading day, even as the total market capitalisation rose by roughly $40 billion and Bitcoin approached what would be its best daily close in weeks. Sentiment gauges typically lag price by a session or two, as the social media signals and search data they incorporate take time to update. But a full day of flat fear readings during a constructive session points to something more structural: a large portion of the market does not yet believe in this move. That disbelief is useful information. Markets powered by sceptical participants tend to have more room to run than those driven by euphoria, because the buyers who convert from doubt to conviction become the next wave of demand. The $2.73 trillion total market cap, with Bitcoin above $80,000 and Fear still dominant, describes a market waiting for confirmation rather than pricing in further gains.
The midnight UTC candle close is the first thing to check on Tuesday morning. A Bitcoin close above $80,000 confirms the level as support and opens the path toward $82,000 to $83,000, where meaningful selling pressure appeared in March. A drop back below $79,500 before midnight UTC would reframe Monday as a failed breakout, with $77,000 to $78,000 the next support band. Watch the ETH/BTC ratio through the Asian session; Ethereum closing the underperformance gap overnight has historically preceded broader altcoin participation. The Fear and Greed reading tomorrow matters too: if it stays below 45 despite today’s gains, the sentiment-price gap is still a vulnerability if Bitcoin loses $80,000. US equity futures on the Tuesday open will set the mood; crypto’s sensitivity to US risk sentiment has been a consistent feature throughout 2026.
Crypto Daily is Cristoniq’s evening market close summary for cryptocurrency, published nightly for informational purposes only. Nothing here is financial advice. Always do your own research before making any investment decisions.