As of April 16, 2025, the global cryptocurrency market is experiencing a slight downturn.
Bitcoin (BTC) is trading at $83,251, down approximately 3.1% from the previous close. Ethereum (ETH) is at $1,561.18, reflecting a 5.1% decrease. BNB has fallen to $577.53, down 2.0%. XRP is at $2.04, showing a 5.1% decline. Cardano (ADA) is priced at $0.60, down 7.1%. Dogecoin (DOGE) is at $0.15, down 5.3%. Polygon (MATIC) is at $0.18, down 3.9%. Solana (SOL) is trading at $123.68, down 6.3%.
The total market capitalization stands at $2.83 trillion, with a 24-hour trading volume of $158.71 billion. Bitcoin's dominance remains strong at 60.21%. Market sentiment is currently bearish, with a Fear & Greed Index of 24, indicating fear among investors.
Additionally, a significant event is approaching: the unlocking of 40 million Official Trump meme coins, valued at approximately $320 million. These tokens, owned by affiliates of the Trump Organization, will begin unlocking around April 17 and continue daily over two years. Experts anticipate a rapid price decline to $6 or $7, potentially dropping to $3 by the end of May, due to fears of market dilution.