đ¨đ¨ Crypto Market Update | April 21, 2025
Bitcoin Soars Past $87K Amid Gold Correlation
Bitcoin (BTC) hit $87,400, up 16% from its April 9 low. This mirrors goldâs 55th ATH in a yearâsignaling USD weakness and rising demand for inflation hedges.
Scott Melker notes BTC is decoupling from Nasdaq, carving its own macro narrative.
XRPâs Bearish Warning vs. Dogecoinâs Celebrations
XRP: Despite a 30% bounce, patterns suggest a 40% drop to $1.24. With 80% of wallets in profit, a sell-off may be looming.
DOGE: Celebrated "DOGE Day" as ETF hopes rise. Market cap at $23.3B, though 14.4M new DOGE/day raises inflation concerns.
Altcoins to Watch
BNB: Aiming for $644 on breakout.
HYPE: Up 20% this week; could test $25.
TAO: Bullish momentum hints at $360.
AI Tokens: AGIX +10%, FET +7% after algorithm launch buzz.
Macro Drivers & Predictions
Trumpâs Tariff Pause: Briefly pushed BTC to $82.7K.
BTC Targets: $137K by mid-2025, even $1M by 2035.
Regulation: SEC roundtables point to evolving crypto oversight.
Takeaway
Bitcoinâs strength alongside gold reinforces its macro hedge role. Altcoins remain speculative but show strong momentum.
