- Bitcoin stays above $93,000 but struggles to break $95,000, with $700 million in short positions at risk if it does.
- Altcoins like Solana (up 1.71%) and Cardano gain attention, while Ethereum (down 0.45%) faces resistance.
- The crypto market is steady but cautious, with altcoins showing promise if Bitcoin holds above $90,000.
The cryptocurrency market is relaxed following some of the recent achievements. Bitcoin remains solid, and other coins referred to as altcoins are reflecting different trends. Bitcoin remains well above $93,000 but finds it challenging to cross over to $95,000.
Altcoins such as Ethereum, Solana, Binance Coin, and Ripple are receiving their due share as people search for new opportunities.
Bitcoin Holds Strong, But Faces Resistance
Bitcoin is the largest crypto coin in terms of market value. It’s valued at around $93,213.75 as of April 25, 2025, having appreciated marginally by 0.28%. Its lowest price over the last 24 hours was $91,696.71 and its highest price was $94,430.89. Its trading volume is $32.73 billion, and its market value is $1.84 trillion, as reported by CoinMarketCap.
Alankar Saxena of Mudrex explained Bitcoin fell slightly because more individuals applied for US jobless claims. But it went back up since $2.2 billion was invested in Bitcoin ETFs this week. CoinGlass reports that if Bitcoin increases past $95,000, it can easily clear $700 million worth of bets against it and go to $100,000. Saxena added that $90,800 is a safe zone if the price drops.
Federal Reserve’s Withdrawal Impact on Bitcoin
On April 24, 2025, the Federal Reserve announced a withdrawal of $147 billion in liquidity from the market, sparking a 5% surge in Bitcoin’s price within hours. Investors saw Bitcoin as a hedge against economic uncertainty, boosting its value as the market reacted to the Fed’s move. This event highlighted Bitcoin’s role as a safe haven during financial shifts.
Altcoins and the Shifting Market Trends
The market is beginning to set its sights on altcoins. CIFDAQ Group’s Himanshu Maradiya explained that as long as Bitcoin remains above $90,000, altcoins are gaining traction, such as in previous market patterns.
AI, gaming, and meme coins are favored by typical investors who are willing to take a risk. However, Maradiya cautioned that lesser coins can be highly volatile, leading to large profits or losses. He described the market as optimistic but cautious, due to anticipation of solid economic news and additional ETF capital. If conditions remain good, some altcoins could perform better than larger coins in the not too distant future.
Second largest crypto Ethereum is around $1,765.72, down 0.45%. It’s having difficulty rising further, according to recent market things. Solana is performing well, up 1.71%, following a money market fund being utilized on Solana’s blockchain by BlackRock.
Binance Coin is slightly up a 0.04%, remaining stable despite legal troubles at Binance. Ripple is down 0.42%, but it rose recently following news of a US Crypto Strategic Reserve that will include XRP, Solana, and Cardano. Tether, a US dollar linked coin, is at $1, up 0.04%, remaining stable as ever.
Other altcoins are moving as well. Cardano’s ADA increased 60% within a day to $0.95, and $70 million worth of futures bets was settled, as CoinGlass reports based on a major market move during a Sunday.
XRP moved to $2.58, up by 25%, and Solana’s SOL was up 25% at $156.86. These coins have decelerated but are still ongoing. Coins such as Sui, Ondo Finance, Biswap, Fetch.AI, and Popcat are among the trending coins on CoinMarketCap, indicating that individuals still enjoy fresh projects.
But overall crypto market decreased by 18.6% during the first quarter of 2025, currently valued at $2.8 trillion. Altcoins were affected more negatively compared to Bitcoin, now having 59.1% of the market.
The market also gets influenced by larger events. US tariffs and trade disputes made the market go up and down, Bitcoin and altcoins declining when the specter of trade war loomed. A US Crypto Strategic Reserve, as declared by President Trump, temporarily pushed the prices of XRP, Solana, and Cardano, but the hype fizzled out.
Bitcoin is leading the charge, but Vikram Subburaj of Giottus Crypto Platform believes altcoins might get more attention if Bitcoin remains above $90,000. Xers concur, noting that Bitcoin is stable and altcoins such as Ethereum are robust with fresh updates.
Overall, Bitcoin is good above $93,000, but just unable to break free from $95,000. Altcoins like Solana and Cardano look favorable, but Ethereum and Ripple face difficulties. The traders remain optimistic but cautious, keeping tabs on economic news and ETF money.
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