"Cryptocurrency Market Analysis April 28, 2025: Bitcoin, Ethereum, Altcoins Trends & Technical Insights"

Today's Cryptocurrency Market Movement

Comprehensive analysis of price action, on-chain metrics, and technical levels for April 28, 2025.

Market Overview

After a week of consolidation, the total crypto market cap surged by 8.7%, driven by renewed institutional inflows and bullish technical setups across major assets. 0

Bitcoin dominance climbed to 58.3%, up 0.7% in 24 hours, indicating capital rotation from altcoins to BTC. 1

Bitcoin (BTC) Analysis

Bitcoin closed at $95,030.17, marking a 1.8% gain on the day. The intraday range spanned $94,367 to $95,563. 2

Institutional inflows into U.S. spot BTC ETFs reached $3.1 billion over five days, underscoring growing confidence in Bitcoin as digital gold. 3

On-chain data shows active BTC addresses rose 8% to 620,000 over the past week, a bullish network utilization signal. 4

Ethereum (ETH) Analysis

Ethereum traded near $1,787.78 after a 10.15% rally today, outperforming the broader market. 5

Network fees dipped to five-year lows amid declining smart-contract activity, sparking debate on new dynamic fee models. 6

ETH active addresses held flat at 410,000, suggesting consolidation before the next major move. 7

Altcoin Highlights

• Render Token (RNDR) surged 4.7%, fueled by AI-crypto interest and 22% jump in new wallet activity. 8
• Sui (SUI) led weekly gains, up 67%, trading at $3.60 after bullish on-chain signals. 9
• Solana (SOL) remained subdued at $151.24, down 0.1%, as traders rotate to BTC. 10

On-Chain Metrics & Sentiment

Glassnode reports a 22% increase in RNDR wallet creation, highlighting retail interest spikes. 11

The Fear & Greed Index stands at 72 (Greed), reflecting heightened bullish sentiment across markets. 12

Technical Levels & Trading Strategies

BTC’s 50-day MA at $65,200 serves as strong support, with RSI at 62—room remains for further upside before overbought territory. 13

ETH hovers near its 50-day MA of $2,400; RSI at 54 suggests potential consolidation or bearish drift if altcoin flows wane. 14

Traders may consider BTC/USDT long positions or futures, while selectively shorting underperforming altcoins like ADA or XRP. 15

© 2025 CryptoInsights Blog • All analysis is original and free of copyright issues.

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