Crypto market cap steadies near $2.8T as liquidity improves amid rising DeFi risk

Crypto markets firmed as risk appetite improved and total capitalization stabilized near $2.8 trillion, marking an 8% monthly recovery. The rebound came alongside a softer U.S. dollar with DXY around 98 and steadier Treasury yields at 4.38%–4.40%. U.S. spot Bitcoin ETFs kept cumulative inflows above $59 billion while holdings topped 755,000 BTC, even as DeFi exploit losses reached roughly $635 million across 28 incidents in April 2026.