Price of Cryptocurrency Today (April 25): Bitcoin Struggles at $95K
At $2.88 trillion, the cryptocurrency market cap has experienced an intraday decline of 0.67%. Ethereum fares marginally better, aiming toward the $2000 barrier, while Bitcoin struggles against the $95K obstacle. XRP and Solana both pick up steam, with Solana rising 40% in just three weeks.
An intraday pullback is occurring for Bitcoin and other significant altcoins as the cryptocurrency market’s bull run steadily loses steam. With a market valuation of $2.88 trillion, the cryptocurrency industry has experienced an intraday decline of 0.67%. The price of Bitcoin has increased by 9.36% during the last seven days, while the cryptocurrency market has risen by almost 9%.
Bitcoin Battles $95K Resistance
Bitcoin is currently trading at $93,174 after a 0.89% intraday decline. Due to an overhead rejection, the Bitcoin price trend shows a positive fight to hold onto its supremacy over the $95,000 barrier. The price of Bitcoin has swung between $91,000 and $94,000 during the last two days, underscoring the optimistic effort to surpass the $95,000 barrier.
After the intraday decline and the loss of bullish momentum, the price of Bitcoin can challenge the $90,000 support level once more. However, the uptrend is probably going to regain the $100,000 barrier in the case of a breakout surge.
Notably, the Bitcoin ETFs on April 24 recorded a daily total net inflow of $442 million. This records its fifth consecutive daily positive inflow, reflecting increased institutional support.
Ethereum Beats a Little, Looks at Altseason
Ethereum, like Bitcoin, is battling to break beyond the $1800 barrier. This week, Ethereum’s price increased by around 11% over the last seven days, just surpassing Bitcoin. This suggests that a new cryptocurrency season may be approaching.
But in order to regain the $2000 level and usher in a new cryptocurrency season, the price of Ethereum needs to rise above $1850.
Solana and XRP Gain Momentum
Solana and XRP are two of the leading altcoins that are rapidly gaining traction. This week, the price of XRP has increased by almost 5%, and it is currently trading at $2.81. Today, the price of cryptocurrency has decreased by 1.08% and is currently trading close to the $2.20 mark.
However, the bulls are likely to extend the rally to $2.60 if the price of cryptocurrency continues to hold above the $2.00 barrier.
At the moment, the market price of the Solana token is $151. The price of cryptocurrency has fallen by 0.96% today as it tries to maintain its position above $150. The price of Solana has increased by almost 10% this week, marking the third straight week of gains.
The price of SOL has risen more than 40% in the last three weeks, as it started at $107. If the Solana price holds above $150, it should eventually hit $200 as the bull run picks up speed.
Whales are Awakening: Significant ETH Movements Seen
ICO Whale Activity:
About three hours ago, the Ethereum Foundation-affiliated wallet 0xddb sent 1,001 ETH ($1.58 million) to Kraken.
This whale has offloaded 12,891 ETH ($21.5 million) to Cumberland and Kraken at an average price of $1,668 since reactivating on March 10 following a 6-year hibernation. A substantial 28,000 $ETH ($44.1 million) is still in it.
Paradigm Movement:
About eight hours ago, Paradigm (@paradigm) sent AnchorageDigital 5,500 $ETH ($8.68 million), most likely in preparation for deployment on Coinbase or Binance.
After a nine-month break, 96,955 ETH ($301.5 million) have been delivered to Anchorage since January 2024, with an average price of $3,109.
After a 9% weekly spike, the cryptocurrency market is now reversing, with Ethereum hoping for a breakout over $1,850 and Bitcoin battling around $95K.
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