$SOL Daily Market Update – April 29, 2025 | Binance Pro Insights

Bitcoin (BTC) Holds Steady Above $63K Amid Cautious Optimism

The crypto markets opened the week on a relatively stable note. Bitcoin (BTC) continues to consolidate above the $63,000 level, reflecting market indecision as traders weigh macroeconomic signals ahead of the upcoming U.S. Federal Reserve policy announcement. Volume remains modest, suggesting many investors are in a wait-and-see mode.

Ethereum (ETH), currently trading around $3,090, has shown relative strength, buoyed by continued inflows into staking protocols and renewed optimism in Layer 2 adoption. However, resistance near $3,150 remains firm.

Altcoin Highlights:

• Solana (SOL) dipped 2.1% to $128, retracing gains from last week’s NFT-driven rally.

• PEPE and other meme coins continue to see high volatility, with PEPE up over 9% on the day, driven by speculative trading volume.

• Chainlink (LINK) remains a standout, up 4.3%, as institutional interest in oracles grows.

Market Sentiment & Outlook:

Overall market sentiment remains cautiously bullish with the Crypto Fear & Greed Index sitting at 58 (Greed). On-chain data suggests long-term holders are not distributing, while derivatives markets show relatively neutral funding rates.

With key macroeconomic data and earnings reports expected midweek, traders should prepare for potential volatility. Keep an eye on liquidity zones and watch for breakout confirmation signals before entering swing positions.