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#BTCvsETH Recent market trends highlight a growing divergence between Bitcoin (BTC) and Ethereum (ETH). Institutional activity is accelerating Ethereum positioning, with QCP Capital noting signs of an emerging altcoin season fueled by strong demand for ETH, reflecting its expanding role beyond just digital currency. Meanwhile,
Binance Market Update: Crypto Market Trends | April 12, 2025
According to CoinMarketCap data, the global crypto market cap is $2.65T, a 2.07% increase over the last day.Bitcoin (BTC) traded between $81,341 and $84,300 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $83,458, up by 1.70%.Most major cryptocurrencies by market cap are trading higher. Market outperformers include BABY, GUN, and VIRTUAL, up by 86%, 37%, and 33%, respectively.Top stories of the day:Bitcoin Whale Addresses Surge Following Trump’s Tariff Pause — Largest Daily Spike Since FebruaryPolymarket Pegs U.S. Recession Odds at 60% for 2025 as Economic Fears MountGrayscale Bitcoin Covered Call and Yield ETFs Surpass $4.5M in AUM, Setting New RecordU.S. Consumer Confidence Drops as Inflation Expectations RiseProShares UltraShort Ether ETF Leads 2025 ETF Performance with Significant GainsU.S. April Inflation Rate Expectations Rise to 6.7%Swedish Proposal to Include Bitcoin in National Reserves Gains AttentionU.S. Pension Funds Face Significant Losses Following Tariff AnnouncementU.S. March PPI Shows Signs of Cooling Amid Commodity Price Drops Bitcoin's Market Dominance Reaches Resistance Zone, Analysts Predict Altcoin ReboundMarket movers:ETH: $1593.63 (+2.15%)XRP: $2.0653 (+2.51%)BNB: $590.41 (+1.52%)SOL: $124.48 (+5.77%)DOGE: $0.16262 (+3.00%)ADA: $0.6316 (+0.21%)TRX: $0.2494 (+5.01%)WBTC: $83444.55 (+1.64%)TRUMP: $8.19 (+1.74%)LINK: $12.73 (+2.09%)
Argentina’s libertarian firebrand president, Javier Milei, is facing the biggest political crisis of his tenure after an ill-fated brush with the meme coin trenches. A meme coin called Libra, which Milei acknowledged meeting with the creators of, has triggered a wave of lawsuits, market losses, and even calls for impeachment.
The crypto news cycle is worsening as meme coins suck the market dry. Speaking publicly for the first time, Milei distanced himself from accusations of market manipulation. He insisted that his social media promotion of the token wasn’t an endorsement for investment but rather an effort to highlight a crypto-based initiative aimed at supporting Argentine entrepreneurs.
Yet, his endorsement—intentional or not—set off a speculative frenzy. On Friday night, after Milei directed his massive online following to the Libra token, its price quadrupled within hours, briefly pushing the market cap to an eye-watering $4 billion.
Economy Minister Dismisses ‘Tiny’ Crypto World As pressure mounted, Economy Minister Luis Capital was the first to break the government’s silence Monday evening, attempting to downplay the incident as a niche misunderstanding rather than outright misconduct.
“Cryptocurrencies are a tiny, infinitesimal world. It’s a specialist domain that’s incredibly difficult to grasp,” Capital stated. “I don’t understand crypto either, and it’s been explained to me 800,000 times.”
Despite his attempts to reassure investors, markets weren’t convinced. The S&P Merval Index suffered its biggest one-day drop since July, plummeting 5.6% as Buenos Aires traders dumped shares in top Argentine firms.
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