2 weeks Ago
Crypto market today, as of 10.39 am on April 22, 2025, is up by 0.34%.
The global crypto market cap is solidly near $2.75 trillion, witnessing consolidation following recent upward momentum. Bitcoin has surged past the $88K mark, its highest price since April 3.
Dogecoin has surpassed TRON, reaching the eighth spot in the top ten cryptocurrencies. However, Ethereum, Cardano, and Solana have experienced slight decreases over the past 24 hours. The market is reacting to favourable political and macroeconomic factors.
Paul Atkins' sworn-in ceremony as SEC chair, Trump inaugural donations of over $239 million, and declining US dollar and stock indexes have all boosted crypto prices today. Many analysts project a Bitcoin upward trajectory to $100,000, given the current market conditions. Let's take a closer look to understand if BTC crossing $100,000 can be a reality in 2025 and what to expect from other leading cryptos today.
Out of the top 10 cryptocurrencies, Bitcoin, Tether, Dogecoin, and TRON are on a bull run. The others, including Ethereum, XRP, BNB, Solana, USDC, and Cardano, record slight corrections. The market is indicating a cautious optimism driven by Bitcoin dominance.
Bitcoin (BTC), the top cryptocurrency, is priced at $88,205.35, rising 1.00% over the last 24 hours.
Its market cap is now at $1.75 trillion with a 24-hour trading volume of $38.58 billion.
The circulating supply is currently at 19.85 million BTC. Bitcoin's surge past $88,000 marks a significant psychological and technical milestone.
Bitcoin is still almost 20% below the all-time high of a little under $110,000 that it hit before Trump’s inauguration. As Bitcoin’s price nears the $90,000 resistance level, analysts like Jamie Coutts from Real Vision forecast the cryptocurrency could climb as high as $132,000 by year-end, driven by expanding fiat money supply (M2). Coutts’ projection aligns with predictions from economist Timothy Peterson, who suggests Bitcoin could reach $138,000 within three months.
However, some analysts have maintained a cautious outlook. Michaël van de Poppe warned that weekend price rallies can be misleading. They also said that Bitcoin price may experience a dip before breaking through significant resistance levels.
The next major hurdle is seen around $91,000, and until this level is surpassed, short-term price corrections may still occur. Ethereum (ETH) is trading at $1,582.81, down 3.
40% in the last 24 hours. It holds a market capitalization of $191.06 billion, with a volume of $15.
64 billion. The total ETH in circulation is approximately 120.71 million.
Ethereum’s drop signals market hesitation, possibly due to gas fee fluctuations and lack of clear near-term catalysts. However, DeFi activity on the Ethereum chain remains stable, indicating long-term utility. The biggest stablecoin, Tether (USDT), continues to be fixed at $1.
00 with a slight +0.02% daily fluctuation. It has a solid market cap of $144.
73 billion and 24-hour volume of $68.51 billion. Its circulating supply is 144.
72 billion USDT. USD Coin (USDC) is trading at $0.9999, recording a minor -0.
01% dip. It has a market cap of $60.90 billion and $10.
09 billion volume, with 60.9 billion USDC supply. XRP has fallen to $2.
08, declining -1.54% in 24 hours. Its market cap is $121.
52 billion, and the trading volume is $2.46 billion, with circulating supply of 58.39 billion XRP.
BNB (BNB) is $600.11, down -0.49%, with a market cap of $84.
55 billion. Its trading volume in a day is $1.38 billion, and supply is 140.
89 million BNB. Cardano (ADA) is also down by -2.43%, trading at $0.
6236. The token has a market capitalization of $22.00 billion with a volume of $599.
04 million. ADA has a circulating supply of 35.29 billion ADA.
Dogecoin (DOGE) is resilient with a +0.21% increase, currently valued at $0.1608.
Its market capitalization is $23.95 billion, and its volume is $958.52 million, while its circulating supply is 148.
95 billion DOGE. TRON (TRX) is rising +0.98%, currently valued at $0.
2467. Its market capitalization is $23.42 billion, and it has a 24-hour volume of $590.
91 million. The circulating supply of TRX is 94.94 billion TRX.
Both have profited from high utilization in payment uses and clever blockchain developments within Asia. Solana (SOL) fell by -0.99%, worth $138.
99 as of now. It has a market capitalization of $71.88 billion and has a high trade of $3.
88 billion. It has a circulating supply of 517.19 million SOL.
SOL's slide comes on the heels of recent worries regarding transaction latency. Solana, though, is still a top player in the Layer-1 marathon with its cost-effective architecture and increasing NFT activity. The crypto market is experiencing considerable activity today.
Paul Atkins officially replaces Mark Uyeda as SEC Chief while Trump talks of firing Jerome Powell continues. Meanwhile, big crypto companies like Uniswap, Solana, and Consensys have made donations worth $18 million to Trump's inauguration fund. Ripple Labs being the biggest donor with $4.
9 million, indicating growing crypto presence in US politics. Bitcoin rose above $88,000, boosted by a weakening US dollar and US stock indexes fall . Bitcoin's recent run is also attributed to the US Treasury's possible buybacks.
The market today is a consolidation phase, led by Bitcoin's break through the $88,000 barrier. Bitcoin solidifies its position as a hedge against market volatility, increasing along with gold. On the other hand, Ethereum is having trouble finding its footing.
Though altcoins are mixed, stablecoins continue to supply essential infrastructure for crypto liquidity. With macroeconomic volatility looming on the horizon, investors are still locked on US economic indicators and Fed speak. Analysts project Bitcoin to continue its strength as long as the US dollar stays weak.
Altcoin gains may remain limited until more powerful catalysts are triggered. The total market continues to ride early Q2 momentum..
