Crypto Market Update | April 17, 2025

Here’s what’s heating up the crypto space today:

1. Bitcoin (BTC)

BTC is holding strong around $85,000, showing a +2% gain in the last 24 hours. Bulls are eyeing a push toward $90K, with the options market showing bets up to $100K.

2. Altcoins in Motion

Solana (SOL) leads the pack with a +6% surge

Ethereum (ETH), XRP, BNB, and DOGE are up between +1% to +3%

Total market cap stands at $2.66T

3. Big Moves & News

Kraken cuts redundant roles while expanding into TradFi with a $1.5B acquisition of NinjaTrader.

President Trump announces a U.S. Strategic Bitcoin Reserve backed by 200K seized BTC—aiming to make the U.S. a digital asset leader.

China is debating how to manage seized crypto—central oversight through the PBOC or a Hong Kong sovereign fund is on the table.

4. XRP in Focus

XRP is holding above $2.00, with a possible breakout depending on the SEC-Ripple case update due by June 15.

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Sentiment: Cautious optimism. The market’s watching Fed rate moves, regulatory shifts, and global crypto policies.

Stay sharp. Trade smart.

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