The crypto market remains muted, registering a marginal increase and moving to $2.97 trillion as Bitcoin (BTC) and other altcoins trade sideways. Markets have not seen much movement, with BTC pegged below $95,000. The flagship cryptocurrency briefly crossed $95,000 earlier in the session but lost momentum and declined to its current level of $94,470.
Meanwhile, Ethereum (ETH) is marginally up over the past 24 hours as it continues its attempts to reclaim $1,800. Ripple (XRP) is marginally down but has risen nearly 10% over the past week, while Solana (SOL) is down almost 2% and trading at $147.
Price action for other cryptocurrencies was mixed, with Dogecoin (DOGE), Cardano (ADA), Stellar (XLM), Toncoin (TON), Hedera (HBAR), and Litecoin (LTC) registering notable declines. On the other hand, Chainlink (LINK), Polkadot (DOT), and Tron (TRX) registered substantial increases.
Wall Street Flat Ahead Of Tech Earnings And Economic Data
US stock markets began the week on a tepid note as investors await key earning reports and economic data releases set for this week. The S&P 500 and Nasdaq Composite remained flat, while the Dow Jones Industrial Average registered an increase of 114 points or 0.28%. Major tech firms, including Amazon, Apple, Meta, and Microsoft, declined during the session as shareholders prepared for upcoming quarterly results. Earnings during the previous quarter were relatively strong, with 73% of companies beating analyst estimates. However, analysts have lowered expectations for the second quarter and the remainder of the year amid concerns over the economic impact of President Trump’s tariffs.
Bitget Partners With Avalanche To Bolster Web3 In India
Cryptocurrency exchange Bitget and Avalanche have partnered to boost digital asset trading and blockchain technology in India. The partnership will allow both entities to leverage their strengths and bring Web3 across India. The move comes as Avalanche and Bitget make efforts to expand access and adoption of crypto. Devika Mittal, Regional Head at Ava Labs, stated,
“Our goal with events is to provide a space to any web3 enthusiast – whether in Delhi or Varanasi or anywhere else – to connect and build.”
Avalanche has also collaborated with government agencies in India, executing programs focusing on welfare products and mini-grants. The network boasts robust ecosystem growth with several decentralized applications (dApps) in the pipeline. Meanwhile, Bitget has rolled out several initiatives like Blockchain4Youth. It has also pledged $10 million to scholarships, workshops, and hackathons over the next five years. The platform has also launched the Blockchain4Her initiative for women-led Web3 projects. Avalanche and Bitget believe their partnership is crucial to expand Web3 adoption. Jyotsna Hridyani, head of Bitget South Asia, stated,
“Empowering users with the right knowledge is essential to unlocking the full potential of blockchain in India’s digital future. At Bitget, we’re committed to bridging this gap through community programs, partnerships with universities, and accessible learning tools.”
Arizona Becomes First State To Pass Bitcoin Reserve Bill
In a historic move, Arizona has become the first US state to pass legislation establishing a Strategic Bitcoin Reserve. The Arizona House approved Senate Bill 1025 by a vote of 31-25. The bill, sponsored by Republican Senator Wendy Rogers, incorporates cryptocurrency into state-level financial strategy and permits the State Treasury to invest up to 10% of public funds into Bitcoin. The legislature also approved a companion measure, SB1373, by a vote of 37-19. The bill suggests establishing a reserve fund run by the state treasurer using assets seized during criminal and civil proceedings, with a broader focus on digital assets.
The passage of both bills has positioned Arizona at the vanguard of digital asset adoption, ahead of states like Texas, which have initiated similar efforts.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) is marginally up over the past 24 hours as it trades below $95,000. The flagship cryptocurrency crossed $95,000 on Monday, closing at $95,010, but declined during the ongoing session and moved back below $95,000, continuing its consolidation phase above $94,000. BTC faces significant resistance between $95,000-$96,000, thwarting attempts to move to $100,000. The price has struggled to breach these levels at the upper end of its trading range. A breakout could occur if momentum builds and price action breaks out of its recent sluggish pattern. Piyush Walke, Derivatives Research Analyst at Delta Exchange, stated,
“The recent close above the 200-day moving average marks a potential shift toward bullish momentum, further supported by the Relative Strength Index (RSI) staying above 50. These technical indicators underscore growing investor confidence in a possible upward breakout.”
While BTC has struggled to overcome the resistance at the upper end of its trading range, it has displayed tremendous resistance, maintaining its position above $90,000. The flagship cryptocurrency has immediate support at $93,000, while stronger support is at $90,000. Vikram Subburaj, CEO of Giottus Crypto Platform, stated,
“The Fear & Greed Index has climbed to 60 (in greed), indicating that market is beginning to become risk-on, while Bitcoin balance on exchanges has dropped to 2.2 million, indicating that a strong rally is possible early May.”
BTC’s recent rally and resilience above $90,000 is likely due to strong inflows into Bitcoin ETFs, growing institutional demand, and favorable crypto policies adopted by the US government under the Trump administration. Investors have turned cautious ahead of President Trump’s 100-day speech as they await clarity on the Bitcoin Strategic Reserve. On-chain data has also shown that investors moved over $4 billion in BTC off exchanges after Trump called for a rate cut.
BTC’s price action was positive last week despite registering a marginal decline on Friday (April 18). The price recovered over the weekend, rising 0.61% on Saturday and 0.22% on Sunday to reclaim $85,000 and settle at $85,224. Bullish sentiment intensified on Monday as BTC rose nearly 3% to move past $87,000 and settle at $87,508. The price continued to push higher on Tuesday, rallying almost 7% to surge past $90,000 and settle at $93,373. However, the rally lost momentum Wednesday as BTC encountered volatility and selling pressure. Despite this, BTC registered a marginal increase and settled at $93,749.
Source: TradingView
The price fell to an intraday low of $91,693 on Thursday as sellers attempted to overwhelm buyers. BTC rebounded from this level to register a marginal increase and settle at $94,009. The flagship cryptocurrency continued to push higher on Friday, registering an increase of almost 1% and settling at $94,776. Despite the positive sentiment, BTC lost momentum over the weekend, registering a marginal decline on Saturday and dropping 0.99% on Sunday to settle at $93,802. BTC started the currency week in positive territory, rising 1.29% to claim $95,000 and settle at $95,010. The current session sees BTC marginally up as buyers and sellers struggle to establish control.
Buyers will look to build momentum and break past the overhead resistance. A move past this level could see BTC cross $100,000. However, if buyers regain control the flagship cryptocurrency could decline to $90,000.
Ethereum (ETH) Price Analysis
Ethereum (ETH) continues to languish below $1,850 as it struggles to overcome the daily resistance. A move above this level could signal a potential rally toward $2,000. However, developments at the Ethereum Foundation, scalability issues, and growing competition from Layer2 networks have hampered ETH’s performance relative to BTC and SOL. The foundation has taken steps to address these issues, announcing a major leadership shuffle and splitting the board and management.
Under the new leadership structure, the board will be responsible for protecting the foundation’s “heart and soul” and setting a new vision for Ethereum. Meanwhile, the new management will be responsible for executing the new vision strategically and operationally.
“The recent appointments of the two Co-Executive Directors and President are part of a broader effort to strengthen the Ethereum Foundation, and this structure is designed to ensure our vision, strategic and balanced execution, technical direction, and ecosystem development. This blog is intended to clarify the structure of the management team and the board.”
However, ETH has yet to respond to these changes, with sluggish price action. ETH’s price action was mixed over the previous weekend, registering an increase of 1.51% on Saturday before dropping almost 2% on Sunday to settle at $1,586. ETH rose to an intraday high of $1,656 on Monday but lost momentum after reaching this level and fell to $1,579, ultimately registering a marginal decline. However, sentiment changed on Tuesday as markets rallied. As a result, ETH surged over 11%, crossing the 20-day SMA and $1,700 and settling at $1,757. Buyers retained control on Wednesday as the price rose over 2% to $1,796.
Source: TradingView
ETH lost momentum on Thursday thanks to the 50-day SMA acting as a dynamic resistance level. As a result, the price dropped 1.40% and settled at $1,770. Price action turned positive on Friday as ETH rose nearly 1% to $1,786. Buyers retained control on Saturday as the price rose almost 2% to cross the 50-day SMA, claim $1,800, and settle at $1,821. However, the price was back in the red on Sunday, dropping nearly 2%, slipping below $1,800 and the 50-day SMA and settling at $1,792. Price action was muted on Monday as ETH registered a marginal increase and settled at $1,799. However, buyers have taken the initiative during the ongoing session, with ETH up 1.33% and trading around $1,833.
Solana (SOL) Price Analysis
Solana (SOL) continues to trade sideways after failing to overcome the resistance between $150-$155. However, analysts believe a bullish surge could be imminent, adding that SOL is consolidating its gains after rebounding from a low of $95. The price stalled around $140 at the beginning of the previous week before starting a fresh increase towards $150. However, SOL has lost momentum in recent sessions after spiking to an intraday high of $156 on Friday, dipping and forming a low around $145.
SOL registered a marginal decline on Friday (April 18) before rebounding on Saturday, rising over 4% to $139. It lost momentum after reaching this level and dropped 1.44% on Sunday to end the weekend on a bearish note at $137. The price continued to decline on Monday, dropping almost 1% to $136, but not before rising to an intraday high of $142. Markets turned bullish on Tuesday, and SOL surged nearly 9% and settled at $148. Buyers retained control on Wednesday as SOL claimed $150, settling at $151 after rising $1.59%. The price fell to an intraday low of $145 on Thursday as sellers attempted to overwhelm buyers. However, SOL rebounded from this level to register an increase of almost 1% and settle at $152.
Source: TradingView
Price action turned bearish on Friday as buyers lost momentum. As a result, SOL fell 1.10% and settled at $150. Sellers retained control over the weekend as SOL fell 1.08% on Saturday and 0.84% on Sunday, slipping below $150 and settling at $148. The price rose to an intraday high of $153 on Monday as buyers attempted to regain control. However, it lost momentum after reaching this level and dropped to $147, ultimately registering a marginal decline. The current session sees SOL marginally up as it looks to reclaim $150.
Dogwifhat (WIF) Price Analysis
Dogwifhat (WIF) registered an impressive rally over the past few sessions, surging to an intraday high of $0.719. However, it has lost momentum in recent sessions as sellers look to lower the price. WIF registered a substantial increase of over 7% on Friday (April 18), moving past the 20-day SMA and settling at $0.401. Price action remained bullish over the weekend, rising almost 4% on Saturday and 2.56% on Sunday to settle at $0.428. The price raced to an intraday high of $0.459 on Monday. However, it lost momentum after reaching this level and dropped 1.31% to $0.422. Bullish sentiment returned Tuesday as WIF surged almost 19%, crossing the 50-day SMA and settling at $0.500.
Source: TradingView
WIF continued to push higher on Wednesday as it reached an intraday high of $0.583 before dropping to settle at $0.538, ultimately registering an increase of 7.56%. The price fell to an intraday low of $0.501 on Thursday as sellers attempted to overwhelm buyers. However, it rebounded from this level ultimately registering an increase of 3.22% to $0.556. Bullish sentiment registered a significant uptick on Friday as WIF rallied almost 15%, surging past $0.60 and settling at $0.638. Buyers retained control on Saturday as WIF raced to an intraday high of $0.179. However, it lost momentum after reaching this level and dropped to $0.652, ultimately rising over 2%. With buyers facing selling pressure at upper levels, WIF lost momentum on Sunday, dropping 5.82% to $0.614. The price faced considerable volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand, and WIF registered a marginal increase to $0.618. The current session saw the price down by over 2% and trading at around $0.603.
Arbitrum (ARB) Price Analysis
Arbitrum (ARB) traded in positive territory over the previous weekend, rising 3.41% on Saturday and 1.30% on Sunday to settle at $0.304. However, price action turned bearish on Monday, and ARB fell almost 2% to $0.299. Buyers returned to the market on Tuesday as ARB rose nearly 8% to $0.322. Price action remained positive on Wednesday as ARB registered an increase of over 5%, moving past the 50-day SMA and settling at $0.339. The price fell to an intraday low of $0.325 on Thursday as sellers attempted to overwhelm buyers. However, ARB rebounded from this level to register an increase of 0.85% and settle at $0.342.
Source: TradingView
ARB continued to push higher on Friday, rising 1.32% to $0.346. Buyers retained control on Saturday as the price rose almost 2% to $0.351. However, price action turned negative on Sunday as buyers lost momentum. As a result, ARB plunged nearly 5% to $0.336. Monday saw substantial volatility as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as ARB registered a marginal decline and settled at $0.335. The current session sees ARB up over 1% and trading at $0.339.
Ripple (XRP) Price Analysis
Ripple (XRP) started the week positively after the United States Securities and Exchange Commission (SEC) gave the green light to ProShares XRP futures ETFs. The investment products are set to debut later this week. Technical indicators have also painted a bullish picture for the world’s fourth-largest cryptocurrency. Traders are awaiting the approval of spot ETFs, but they may have to wait longer than traders in Brazil, where the first-ever XRP spot ETF debuted on the main stock exchange on Friday, boosting price action over the weekend.
XRP ended the previous weekend in the red, registering a marginal decline and dropping to $2.07. However, price action turned positive on Monday, registering a marginal increase. Bullish sentiment intensified on Tuesday as markets rallied. As a result, XRP surged over 6% to $2.21. The price rose to an intraday high of $2.30 on Wednesday but lost momentum after reaching this level and settled at $2.21, ultimately registering a marginal increase. Price action turned bearish on Thursday as sellers took control. As a result, XRP fell to an intraday low of $2.11 before recovering to settle at $2.20, ultimately registering a marginal decline.
Source: TradingView
Sellers retained control on Friday as the price fell 1.03%, slipping below the 50-day SMA and settling at $2.18. XRP recovered over the weekend, rising 0.42% on Saturday to move back above the 50-day SMA and settle at $2.19. Bullish sentiment intensified on Sunday, and XRP rose nearly 3% to $2.25. XRP raced to an intraday high of $2.36 on Monday as it started the week on a bullish note. However, it lost momentum after reaching this level and settled at $2.29, ultimately registering a rise of 1.88%. The current session sees the price marginally up as buyers and sellers struggle to establish control.
Hedera (HBAR) Price Analysis
Hedera (HBAR) lost momentum over the weekend after failing to cross the 200-day SMA. HBAR started the previous week on a bullish note, rising almost 3% on Monday. Buying pressure intensified on Tuesday as HBAR surged nearly 7% to $0.181. However, it lost momentum on Wednesday, registering a marginal decline after reaching an intraday high of $0.190 and settling at $0.180. Buyers were back in control on Thursday as the price registered an increase of 4.36% to move past the 50-day SMA and settle at $0.188.
Source: TradingView
HBAR raced to an intraday high of $0.203 on Friday as buyers attempted a move past the 200-day SMA. However, it lost momentum after reaching this level and settled at $0.193, ultimately registering an increase of 2.39%. Price action turned bearish over the weekend as HBAR fell 0.54% on Saturday and almost 1% on Sunday to settle at $0.190. The price rose to an intraday high of $0.199 on Monday but fell back to $0.190. The current session sees HBAR marginally down as sellers look to drive the price below the 50-day SMA.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2025/04/crypto-price-analysis-4-29-bitcoin-btc-ethereum-eth-solana-sol-dogwifhat-wif-arbitrum-arb-ripple-xrp-hedera-hbar