Crypto Market Update – April 18, 2025
Here’s everything you need to know about the current state of the crypto market:
Market Overview
Bitcoin (BTC) is holding steady around $84,500–$85,000, showing little movement despite broader market tension.
Ethereum (ETH) is down 1.7% to $1,590, with ETF-related outflows and SEC delays affecting investor sentiment.
XRP remains strong above $2, up 2% on the week, though technical patterns hint at a potential dip to $1.60.
Solana (SOL) struggles below $135 amid market hesitation and ongoing regulatory questions.
Total Market Cap remains solid at approximately $2.66 trillion.
Regulatory & Institutional Highlights
Kraken Exchange is laying off several hundred staff as it shifts focus toward traditional markets. They've acquired NinjaTrader and introduced commission-free trading for U.S. stocks and ETFs.
SEC has delayed its decision on staking options for Ethereum ETFs, adding more uncertainty to ETH’s outlook.
A massive $2.25 billion in BTC & ETH options are set to expire today—expect potential volatility spikes.
Meme Coin Spotlight
$TRUMP coin is unlocking 40M tokens (~$320M) today. Analysts expect sell pressure and a price drop toward $6–$7, possibly hitting $3 by May’s end.
Big News in Policy
President Donald Trump has signed an Executive Order creating a Strategic Bitcoin Reserve, aiming to position the U.S. as a key BTC powerhouse and usher in a more crypto-friendly era.
Stay sharp, stay informed. The market’s heating up in more ways than one.
#CryptoNews #Bitcoin #Ethereum #XRP #Solana #Web3 #CryptoUpdate #DeFi #Blockchain
