Cryptocurrency Market Update: April 24, 2025
Market Overview
Today’s cryptocurrency market saw a continuation of the bullish momentum that kicked off this week, with Bitcoin reclaiming the $93,000 zone and Ethereum testing resistance near $1,840. Altcoins like XRP, BNB, and Dogecoin posted modest gains, while on-chain metrics and institutional flows underpinned broader market optimism. Trading volumes surged across major pairs, highlighting increased retail and institutional participation in the evolving DeFi landscape.
Bitcoin Price Today: Surging Toward $100K?
Bitcoin (BTC) surged to $93,500 in U.S. trading hours, up roughly 5.9% on a 63% increase in 24-hour volume, putting the $100,000 psychological mark back in striking distance. The breakout above the 200-day moving average and a four-month falling wedge pattern support a potential rally to six-figures if resistance at $94,000 is cleared decisively.
Key support levels now sit at $85,000 (recent breakout zone) and $76,000 (major investor accumulation area), with traders monitoring RSI and MACD signals for signs of a pullback.
Ethereum’s Surge and Resistance Tests
Ethereum (ETH) kicked off April with a strong rebound, climbing over 25% to face diagonal and horizontal resistance around $1,830, before briefly touching $1,840. This surge has been driven by renewed DeFi activity and whale accumulation, even as ETH underperforms BTC in the ETH/BTC chart.
Trading volume for ETH rose by 12% to 1.1 million ETH within a single hour, confirming robust buying pressure, while RSI levels above 60 signal continued bullish momentum.
Altcoin Rally and DeFi Highlights
Beyond BTC and ETH, altcoins like XRP (+1.5%) and BNB (+1.2%) showed steady gains, while Dogecoin also benefited from the “risk-on” sentiment sweeping markets. Total DeFi market cap increased by 3% today as protocols such as Uniswap and Aave recorded higher TVL and trading activity.
Meanwhile, long-term Bitcoin holders moved 62,800 BTC in Q1 2025—a 121% jump YoY—highlighting profit-taking alongside accumulation cycles in altcoins and emerging tokens.
Institutional & On-Chain Insights
Sovereign wealth funds, asset managers, and pension giants are increasingly viewing Bitcoin as a macro hedge, driving fresh capital flows that align crypto with traditional safe-haven narratives.
On-chain data shows active BTC addresses up 5% to 1.2 million and ETH addresses up 4% to 800,000, underscoring growing network engagement amid a critical phase of market expansion.
Technical Trends & Volatility
Technical indicators suggest that while momentum remains bullish, traders should brace for intermittent volatility. MACD crossovers on BTC and ETH charts confirm upward trends, but resistance zones at $94,000 (BTC) and $1,840 (ETH) could trigger pullbacks toward $92,000 and $1,760 respectively.
Conclusion
Today’s crypto market movement reflects a balanced mix of bullish technical setups, institutional flows, and retail enthusiasm. As Bitcoin eyes the $100K barrier and Ethereum tests key resistance levels, altcoins continue to benefit from the “risk-on” trade. Traders should leverage on-chain metrics and volume spikes to navigate short-term volatility while keeping an eye on macroeconomic catalysts.
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