Below is a summary of the most notable information about the cryptocurrency market on April 21, 2025:
1. Bitcoin strongly recovers above $87,000
Bitcoin has surged to an intraday high of $87,666 and is trading around $86,900, recording an increase of ~3.4% compared to 24 hours ago. Liquidity reached about $27.4 billion, indicating strong momentum from new buying forces .
2. Altcoins explode following the general trend
• Ethereum (ETH) increased by ~3.5% to $1,629 .
• XRP climbed to $2.21 (+3.4%)
• Chainlink (LINK) and Cardano (ADA) also saw increases of over 3%.
• Dogecoin (DOGE) is the strongest gainer in the top 10, with a +5.2% increase
3. Caused by macroeconomic fluctuations & the weakening US dollar
The news of “threatening Fed independence” from US government policy has placed strong selling pressure on the US dollar, leading to capital flowing into both Bitcoin and gold as safe havens
4. Crypto lending market “losing steam”
Galaxy Digital's report “The State of Crypto Lending” shows that the total value of centralized and decentralized lending has decreased by 43% since its peak, reflecting increased caution in the CeFi sector
5. Experts expect Bitcoin to soon conquer $90,000
Technical analysis indicates that Bitcoin is testing the important resistance area around $87–88,000; if successfully surpassed, the next target is $90,000, and many analysts are even looking ahead to $150,000 in the second half of the year
6. ETH still maintains a “special” position
Despite some skeptical opinions, Ethereum continues to dominate the smart contracts and L2 sector, maintaining an advantage in terms of security and ecosystem compared to other platforms
