📊 Market Update and Analysis of Digital Currencies – Binance | April 29, 2025
- The global market capitalization of digital currencies has risen to $2.98 trillion (+0.99%) over the last 24 hours, reflecting a cautious optimism among investors.
- Bitcoin (BTC) is moving within a sideways range between $93,444 and $95,630, with a current price of $94,937 (+0.17%).
- Although Bitcoin has held above nearby support levels, the market has yet to show strong momentum to break through new resistance levels.
- On the other hand, alternative coins (Altcoins) continue to attract attention with strong performance from some projects:
• SIGN jumps by 289%
• COOKIE records an increase of 22%
• DIA rises by 21%
Quick Analysis:
The market is currently oscillating between consolidation and searching for new catalysts for an upward trend. Continued stability of Bitcoin above $94,000 could pave the way for a new breakout if supported by institutional liquidity and positive economic data.
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