Here is an analysis of the key developments in the cryptocurrency market today (April 22, 2025), assessing the prospects for growth and testing new levels:
### 1. **Bitcoin Performance: Testing Critical Resistance**
- **Current Price**: $90,278.55 (+2.09% in 24 hours), with an inflow of $381.4 million into related ETFs.
- **Key Resistance**: Technical analyses suggest that successfully breaking the $88,000 level may open the way to $95,900 as the next target.
- **Supporting Factors**: Correlation with the S&P 500 decreased to 0.65, compared to 1.0 in previous recession periods, reflecting its shift as a safe haven.
### 2. **Ethereum and Whale Activity**
- **Current Price**: $1,643.48 (+0.26%), with a surprising increase of 2.3% after whales bought 4,500 ETH worth $7.36 million.
- **Technical Indicators**: RSI improved to 68, and a bullish crossover appeared in MACD, indicating buying momentum.
- **Impact on Other Coins**: Coins like SingularityNET (AGIX) and Fetch.AI (FET) rose by 1.5%-1.8% due to market optimism.
### 3. **Stablecoins and Market Volatility**
- **Relative Stability**: USDT and USDC maintained their peg to the dollar with minor fluctuations (±0.03%).
- **Trading Volume**: The trading volume of USDT reached $70.73 billion, reflecting its heavy use in hedging against volatility.
### 4. **Rising Coins and Notable Performance**
- **Solana (SOL)**: Increased by 2.78% to $143.76, supported by a trading volume of $4 billion.
- **Toncoin (TON)**: Decreased by 2.75% due to selling pressure, while Sui (SUI) saw a jump of 5.47% with increased demand for smart contract platforms.
### 5. **Forecasts and Risks**
- **Ambitious Predictions**: A report from 21Shares predicts Bitcoin will reach $138,500 by the end of 2025, based on historical trends and chain momentum.
- **Potential Risks**:
Analysts from 'Compass Point' warned that low trading volumes may hinder breaking through $93,000 without catalysts like easing monetary policy.
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### Conclusion:
The market is witnessing **notable growth today** with Bitcoin testing levels close to $90,000, and Ethereum benefiting from whale activity. However, momentum needs to be strengthened through increased trading volumes and positive news (such as Federal Reserve decisions or broader institutional adoption). Traders are advised to monitor:
- Bitcoin broke the resistance of $93,000.
- Continued inflows into ETFs.
- Inflation indicators and major economic data that may affect central bank policies.
