2 weeks Ago
The crypto market today, as of 10.47 am on April 21, 2025 shows bullish sentiment. The global cryptocurrency market cap is $2.
75 trillion, up 1.90% over the last 24 hours. The bull run is driven by the selling of US dollar, which has resulted in a hike in BTC and gold.
Bitcoin is up by 2.53% and Ethereum by 1.62%.
Bitcoin has reached $87K, its highest since April 2, 2025. XRP and DOGE have followed suit with gains of 1.67% and 1.
34%. Altcoins also rallied alongside the top ten cryptocurrencies, except for Solana. Solana has experienced a minor correction of 0.
27% over the last day. Let’s explore the market movements and expectations from major cryptocurrencies today in the upcoming sections. The top 10 cryptocurrencies are reflecting largely positive movement, with traders driving new liquidity into blue-chip coins.
Solana alone shows a drop, while the others advance. Bitcoin (BTC), the world's largest cryptocurrency, is currently trading at $87,333.57, representing a 2.
53% increase over the past 24 hours. Its market cap is approximately $1.73 trillion, with a trading volume of $24.
58 billion. The circulating supply of Bitcoin is currently 19.85 million BTC.
Bitcoin is still building momentum above the $87,000 level. According to analysts, this is a critical resistance point and could decide the short-term trend of BTC. A breakout above $88,000 would push the Bitcoin price towards $90,000 in the short term.
Whales have also been reported to have added more holdings in the last week, indicating long-term positivity. Ethereum (ETH) currently trades at $1,640.30, a rise of 1.
62% over the last 24 hours. The second-largest cryptocurrency has a market capitalisation of $197.99 billion.
It is backed by a trading volume of $10.35 billion. ETH's circulating supply is around 120.
7 million ETH. Ethereum has been in a tight range, showing both investor sentiment and a wait-and-see approach. Decentralized finance (DeFi) protocols based on Ethereum are also experiencing increased activity.
Tether (USDT), the top stablecoin, is still fixed at $1.00 with a minute 0.01% 24-hour gain.
It enjoys a commanding market cap of $144.64 billion and a trade volume of $49.50 billion.
Circulating supply of USDT stands at 144.64 billion. Similarly, USD Coin (USDC) is trading at $0.
9999, with a 0.01% hike. It has a market cap of $60.
91 billion and a 24-hour trading volume of $6.05 billion. The circulating supply is 60.
91 billion USDC. These stablecoins continue to provide critical liquidity and are used heavily in DeFi and centralized exchange (CEX) trading pairs. XRP has gained 1.
67% over the last 24 hours and is priced at $2.11. Its market capitalization is $123.
69 billion, with a trading volume of $2.21 billion. XRP’s circulating supply stands at 58.
39 billion XRP. Ripple’s partnerships in Asia continue to drive institutional demand. BNB (BNB) is also in the green, currently at $603.
09 with a 1.46% increase. Its market cap is $84.
97 billion, and trading volume is $1.40 billion. Circulating supply of the token is 140.
89 million BNB. Binance's recent push into Latin America , specifically Brazil, is probably fueling the BNB rally. Solana (SOL) is currently priced at $140.
91, 0.27% lower in the past 24 hours. Its market cap is $72.
83 billion, and its trade volume is high at $3.31 billion. SOL's circulating supply is 516.
88 million. Even with this decline, Solana is still a powerful Layer-1 rival, although investors are wary following recent network congestion problems. Long-term sentiment continues to be bullish due to increasing adoption within NFT and gaming markets.
Dogecoin (DOGE) is trading at $0.1610, a 1.34% gain over 24 hours.
Its market cap is $23.97 billion, and its 24-hour trading volume is $827.86 million.
Circulating supply is 148.94 billion DOGE. DOGE continues to gain momentum with Elon Musk hinting at integration with X payments.
TRON (TRX) is at $0.2444, rising 0.58% in 24 hours.
Its market cap is $23.21 billion, and the 24-hour trading volume is $481.88 million.
TRX's circulating supply is 94.94 billion. TRON recently made headlines with cross-border partnerships for stablecoin transfers, driving its price.
Cardano (ADA) has increased 1.42% to trade at $0.6407.
Its market capitalization is $22.61 billion, and its daily volume is $463.91 million.
ADA's circulating supply is 35.29 billion. Cardano's Hydra scaling solution has launched in testnet, supporting positive sentiment.
Early last week, the Fed chairman, Jerome Powell said that the Fed would wait for more economic data before changing the borrowing cost. He also warned of stagflation. Trump showed his frustration over Powell’s statement with a Truth Social post.
The post read, "Powell's termination cannot come fast enough." This resulted in selling of US dollar throughout the week and the dollar index crash to a three-year low. However, bitcoin and gold benefited from the crash, marking significant upticks during the same period.
Markus Thielen, founder of 10x Research echoed the sentiment, saying,"The move in bitcoin to $87,000 appears to be driven by a sharp drop in the US dollar and a +2% rally in gold, both triggered by Trump's push to replace Fed chair Powell. While a trade deal with Japan may be announced soon, the key catalyst today is the perceived thread to Fed independence.” The crypto market today exhibits fresh hope.
The performance of Bitcoin at $87,400 is a positive indicator, and Ethereum and XRP are stable. Solana's small decline is opposed by DOGE, TRON, and Cardano's gains. Stablecoins continue to play a crucial role in offsetting volatility.
At a market cap of $2.75 trillion and increasing volumes, the market seems ready to continue its upward momentum. Analysts recommend keeping an eye on macro events like Fed remarks and ETF actions over the next few days.
Investors are cautioned to stay informed and employ risk management techniques prior to making trading choices..
