Crypto Market Movement: 29 April 2025
Today’s cryptocurrency market shows a mix of modest gains for Bitcoin and Ethereum against a broadly flat global market capitalization. Despite lingering Q1 headwinds, technical indicators remain neutral, and top analysts maintain bullish targets for the months ahead.
Today's Market Snapshot
- Global Market Cap: $2.96 trillion, virtually unchanged over the last 24 hours.
- Bitcoin (BTC): Trading around $94,253, up 0.64% in 24 hours.
- Ethereum (ETH): Currently $1,807.22, a 1.89% increase.
- Major Altcoins:
- XRP +0.67% at $2.2068
- BNB –1.06% at $602.35
- Solana –2.68% at $149.76
- Institutional inflows remain strong, underpinning Bitcoin’s resilience.
Quarterly Context
After a steep –18.6% decline in Q1 that brought total market cap down to $2.8 trillion, the crypto ecosystem has rebounded slightly to $2.96 trillion as of today.
Technical Analysis
According to Crypto Rover’s April 27 update, none of the major overbought indicators (RSI, funding rates, on-chain metrics) are flashing warning signs, suggesting further room for upward momentum before resistance levels come into play.
Price Predictions
Standard Chartered’s digital assets team forecasts Bitcoin could surge to $120,000 in Q2 2025, driven by ongoing economic uncertainties and growing ETF inflows.
More aggressive models, including the Bitcoin “power law” framework, project a year-end 2025 target as high as $200,000.
Conclusion
Today’s data paints a cautiously optimistic picture: consolidation near current levels, healthy technical footing, and strong institutional support. Traders may look to accumulate on dips, keeping a close eye on key support at ~$92,000 and resistance near $96,500 for Bitcoin, while Ethereum holders monitor the $1,750–$1,800 zone as a potential springboard for further gains.
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