Crypto Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. THORChain (RUNE) is a decentralized liquidity protocol that enables users to swap cryptocurrency assets across multiple blockchains without relinquishing control of their private keys. By facilitating cross-chain exchanges without the need for centralized intermediaries, THORChain empowers users with full custody of their assets throughout the transaction process. RUNE has a market capitalization of ~USD 172.13 million (as per TradingView as of April 23, 2025).

For the week ending April 17, 2026, the S&P Cryptocurrency Broad Digital Market (BDM) Index gained 239.76 points, or 5.99%, to close at 4,243.13, highlighting broad-based strength across the digital asset market. Despite extending gains earlier in the week, momentum softened toward the close, resulting in a partial pullback. Notably, the week beginning April 20 has shown early signs of recovery, supported by modest bullish momentum. Overall sentiment remains constructive, with improving market strength reinforcing confidence in a potential near-term rebound.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bullish’ at the current level appears to be THORChain (RUNE) based on the below technical parameters: -

Past performance is not a reliable indicator of future performance.