Polkadot Price(DOT)

Fed keeps rates unchanged at 3.5%-3.75%, but signals a more hawkish stance. The dot plot shows a 7:7 split among members, with no cuts expected in 2026 by one group. Powell states inflation progress is less than hoped, raising the forecast to 2.7%. He also refuses to leave before a renovation probe concludes, amid political pressure. NVIDIA’s GTC outlines an AI empire: unveiling the Groq 3 LPX inference platform, Vera CPU, and next-gen Feynman architecture. It announces over 1 million GPUs deployed on AWS. 150 retired judges support Anthropic in a legal battle against the Pentagon, which accuses the firm of "hostile" negotiations. The case may set boundaries on AI firms imposing conditions on government use. Oil prices dip to $95.50 but analysts warn of a potential spike to $200 if the Iran conflict persists. Eleven involved nations control over half of global oil and gas output. PPI rises 0.7% in February, double expectations, underscoring persistent inflation.

The U.S. SEC has classified Polkadot (DOT) as a digital commodity, placing it alongside assets like Bitcoin and Ethereum. Despite this development, DOT's price declined by 4.31% in the last 24 hours, trading around $1.32 at the time of writing. Market capitalization stood at $2.21 billion, with a 24-hour trading volume of approximately $213.66 million. Technical indicators suggest a bearish trend is strengthening. The MACD and signal lines are below zero, indicating sustained selling pressure. The Chaikin Money Flow (CMF) shows mild capital outflow, while the RSI at 26.01 signals that DOT is deeply oversold. The Bull Bear Power (BBP) also reflects mild bearish dominance. If the downtrend continues, DOT could test key support levels near $1.27 or even drop below $1.22. A bullish reversal, however, could see it challenge resistance at $1.37, with a potential move toward $1.42 if buying momentum increases.

The crypto market saw mixed performance over the past week, with Bitcoin declining by 3% and altcoins dropping 1.52%. Despite the overall bearish sentiment, several tokens stood out as winners. Bittensor (TAO) led with a 44.7% rally, breaking key resistance levels. Memecore surged 33%, boosting the memecoin sector, while Canton (CC) rose 13.47% in a single day. Other notable gainers included DeXe (18.5%), FET (11.8%), and Chiliz (11.9%). On the losing side, Polkadot (DOT) fell sharply, testing February support levels. Aave dropped 10.7%, continuing a six-month downtrend, and NEAR Protocol declined 9.7%. Other underperformers included ICP, ENA, MNT, and Worldcoin (WLD), which fell 12.5%. Despite Bitcoin holding above $65.6k and Ethereum above $2k, market stability remains fragile amid macroeconomic uncertainties.

On April 13, a security breach occurred involving the Polkadot bridge on the Ethereum network, where an attacker exploited a replay vulnerability in the MMR proof mechanism of Hyperbridge’s ISMP protocol. By reusing a historically valid proof and pairing it with a malicious request, the attacker bypassed verification and gained admin and minting rights over the wrapped DOT contract on Ethereum. They then minted 1 billion wrapped DOT tokens—2,805 times the existing supply—and attempted to liquidate them. However, due to extremely low liquidity in the wrapped DOT market, the massive sell-off crashed the token’s price by 99.98%, from $1.22 to approximately $0.000128. The attacker ultimately exchanged the tokens for only about 108.2 ETH (worth roughly $237,000), with gas costs as low as $0.74. The same exploit had been used previously in attacks on MANTA and CERE tokens, resulting in a total loss of around $242,000. Polkadot confirmed that the incident only affected DOT bridged via Hyperbridge to Ethereum and did not impact the native Polkadot network or DOT on other bridges. Exchanges including Upbit and Bithumb temporarily suspended DOT deposits and withdrawals as a precaution. The event highlights ongoing vulnerabilities in cross-chain infrastructure and the critical role of liquidity in limiting actual damages during large-scale exploits. It also reflects a broader trend of increasing DeFi security incidents in early 2026.

Sharplink CEO Joseph Chalom argues that selling ETH now is akin to selling Amazon during the dot-com bubble. He emphasizes Ethereum's foundational strengths: the Ethereum Foundation (EF) is rightly focused on core protocol development, security, and decentralization—key pillars for institutional trust. Chalom, a former BlackRock executive, highlights Ethereum's dominant position in stablecoin settlement, tokenized real-world assets, and DeFi. He counters criticism of EF's perceived passivity, stating that decentralization is a core feature, not a bug, making Ethereum a credible neutral settlement layer. Drawing a parallel to Amazon's early days, he asserts that ETH's true potential lies in its role within the global financial system, not just crypto trading. The current market fear and negative sentiment, he suggests, present a strategic buying opportunity for disciplined capital. Chalom calls for ecosystem participants to actively champion Ethereum's narrative to drive institutional adoption, noting Sharplink's own significant investments and initiatives in the space. He concludes that Ethereum's future as critical financial infrastructure is being built now.