On the 25th of April, the cryptocurrency market is back in business! Renewed optimism is back after the global market surged by approximately 1.65% in the last 24 hours and is currently sitting at around $2.97 trillion. The trading activity also saw a major surge of above 11 percent, hitting a record of over $104 billion, indicating that conviction is returning. The Bitcoin price surge, strong institutional ETF inflows, a supportive decline in the US dollar, and perhaps subsiding anxieties over prior tariff threats have all contributed to this change. The most reliable indicator? The Crypto Fear & Greed Index has skyrocketed to 65 and has entered “Greed” territory—a remarkable shift from the fear that enveloped the market just days earlier.
Bitcoin Smashes $94k, Eyes Psychological $100k
In the midst of volatile trading sessions, Bitcoin stands out and is currently trading at $94,809; this puts it well above the key $88,000 resistance level that was breached earlier this week. It appears that BTC is sustaining its gains above $94,000 while longing for the touch of the $95,000 mark. This powerful rally is significantly supported by chain and key institutional demand. The ongoing institutional demand from spot Bitcoin ETFs coupled with continuous accumulation from corporations like MicroStrategy is helping fuel this rally. This, alongside the weakening US dollar, increases the instabilities of the macro environment. With the increasing bullish technicals and strong momentum basking behind the asset, market traders are turning their focus towards the milestone figure of $100,000.
Ethereum Plays Catch-Up, Approaches $1800 Resistance
Ethereum is also up and now trading at $1,799, which is alongside a 24-hour increase of 2.3%. While slightly outpacing BTC in the last day, Ethereum is still behind due to its performance over the last few days. It’s currently eyeing the critical resistance zone of $1,800 and the 50-day moving average. Key background components such as Vitalik Buterin’s EVM insightful proposals and development of the upcoming Pectra Upgrade provide underlying context; however, the current move is more likely the result of Bitcoin’s growth in the market. Ethereum needs to break decisively above $1,800 to confirm strong bullish momentum.
Solana Maintains $150 Mark with Strong ETF Optimism
Rising Solana prices have settled around $151.43 as the coin trades up nearly 9% on the day. Holding the round $150 mark after a strong recovery earlier this week is a positive indication. The bullish narrative is still largely driven by the anticipation of US spot Solana ETFs, following their successful launches in Canada. Continued venture capital interest, like RockawayX’s dedicated fund, along with increased institutional activity in derivatives markets, further strengthens the confidence in SOL’s ecosystem and Solana-based projects. While the known risk of the FTX estate liquidation set for the end of May looms, current market sentiment appears focused on the growth trajectory.
Ripple Tests New Resistance on Institutional and Utility News Surge
XRP traded at around $2.19 over the day as the cryptocurrency consolidated its position after taking back the $2 region. XRP’s momentum remains strong with the recent announcement of CME XRP futures, which always has a positive sentiment attached due to a growing institutional adder. The bullish case is reinforced by on-chain data indicating whale accumulation, alongside narratives around potential spot ETFs and Ripple’s advancements in RWA tokenization and stablecoin issuance. XRP is presently testing resistance in the $2.18-$2.22 range; if this is successfully surpassed, it could clear the way for targets between $2.40 and $3.00.
Cardano Reclaims $0.72 as Recovery Extends
In a remarkable show of strength, Cardano rallied further to trade at $0.7223, marking a solid gain for the day. With this move, ADA reclaimed the $0.70 level while surpassing multiple areas of recent resistance. Recovery seems to be primarily driven by the wider market rally, possibly coupled with relative value seeking by traders, renewed whale interest, and continued development within the ecosystem. The next primary area of interest is the resistance zone near $0.74-$0.77. Confirming this renewed bullish momentum will require sustaining the increase above $0.70.
Meme Coins DOGE & SHIB Surge on Renewed Greed
The return of “Greed” has been propelling meme coins in spectacular fashion. Dogecoin (DOGE) surged sharply as well, moving over 3.5% to trade at $0.1866 while breaking above the $0.18 level. Shiba Inu (SHIB) made an even more impressive move, increasing over 6.4% and trading at $0.00001475 after breaking out from the recent consolidation around $0.000012. These outperforming assets distinctively demonstrate their high-beta nature, which tends to rally disproportionately when risk appetite rises across the market, eyeing the resistance of $0.21 for DOGE and $0.000015 for SHIB.
Ondo Finance Hits $1 Milestone as RWA Narrative Shines
Ondo Finance (ONDO) was truly exceptional, skyrocketing more than 6.6% to eclipse the important psychological barrier of $1, trading at $1.02. This surge fundamentally illustrates the strong momentum behind the real-world asset (RWA) tokenization narrative, where Ondo is perceived as the frontrunner. Positive news, such as reports of the Ondo CEO meeting the SEC’s Crypto Task Force concerning the regulation of tokenized securities, certainly added to the fervor, supporting the company’s image of vigorous regulatory relations along with robust partnerships and platform expansion.
Mantra Attempts Stabilization Post-Crash
Mantra (OM) traded relatively flat, exchanging hands within the $0.51-$0.52 band range, continuing to find stability after its catastrophic price collapse earlier in the month. The project’s attention remains solely on the execution of the deplete recovery plan, including the start of a 150 million token burn by the CEO and planned buybacks, aimed at restoring confidence in the market. Even so, the path is highly uncertain, the token remains under the shadow of the recent crash, and it is characterized as an extremely high-risk speculative situation to rebuild trust.
Pi Network Update: Trading IOU vs. Pending Reality
Pi Network’s current trading value on lesser-known exchanges, standing at approximately $0.6526, is still speculative IOU trading rather than an officially listed, freely traded mainnet token. In the mainnet migration phase of the project, the migration phase has already been executed and tokenomic details have been released; however, the project falters as important and reputable exchanges have yet to be integrated. The community interest is sustained due to the large user base and ongoing activities within the ecosystem. However, significant uncertainties pertaining to where the project will eventually head towards regarding liquidity, inflation, and overall project mistrust mean that the price of the IOU remains unreliable. Until a full Open Mainnet with listed verifiable listings is set, caution is overly suggested.
Greed Returns, Momentum Builds Cautiousness
As of April 25th, the date Bitcoin surged over $94,000 marks the higher bound of “Greed” on the Bitcoin price chart. Further fueled by institutional ETF inflows and a soft US dollar, Bitcoin’s mega breakout is believed to propel foster optimism in most altcoins, consistently moving in their market leader’s stream, considering Bitcoin the market leader. Ondo Finance managed to break $1 on the back of RWA strength, where narrative plays remain exceptionally strong. The immediate look seems foreshadowed by overwhelming sympathy yet the rash sentiment flip flags the potential take by the profit—or the overheating. It is vital for sufficiency in this rally to maintain momentum above key resistance levels, boosted by volume in the tethered stream.
