#MarketRebound

The cryptocurrency market today, April 23, 2025, is showing significant upward momentum. The global cryptocurrency market capitalization has increased by over 2% in the last 24 hours, reaching approximately $3 trillion. Bitcoin is trading around $93,000 - $94,000, marking a notable increase over the past week and breaking through previous resistance levels. Ethereum has also experienced a substantial surge, trading above $1,800.

Several factors appear to be contributing to this bullish trend. Optimism surrounding a potential de-escalation of US-China trade tensions has boosted overall risk appetite, leading investors to move into digital assets. Additionally, a technical breakout in the total market capitalization has attracted further investment. In the derivatives market, Bitcoin open interest has reached a two-month high, indicating growing bullish sentiment among traders.

Altcoins are also showing positive movement, with many experiencing gains. However, some divergence exists, with certain altcoins showing stronger performance than others. Overall, the crypto market is displaying strong bullish signals today, driven by a combination of macroeconomic factors, technical developments, and increasing institutional interest.