$BTC Today!
I’ve been keeping an eye on Bitcoin’s market trend today, April 24, 2025, and it’s showing some impressive strength.
$BTC is currently trading around $93,675, up about 4.8% in the last 24 hours, even hitting an intraday high of $94,500.
This surge feels significant, pushing the market cap to $1.86 trillion with a solid trading volume of $41.72 billion.
What’s driving this rally?
From what I’ve gathered, it’s a mix of renewed investor confidence, easing US-China trade tensions, and a weaker dollar.
Plus, institutional money is pouring in Bitcoin ETFs like BlackRock’s IBIT saw $381.4 million in net inflows yesterday, which is hard to ignore.
Technically, things look promising too. The 50-day moving average is trending up, and the RSI at 67.8 signals neutral-to-bullish momentum without being overbought.
That said, I’m not fully convinced the gains will stick low trading volumes might cap BTC near $93,000 unless something big, like Fed easing, sparks more action.
Sentiment online is buzzing, with some calling BTC “digital gold,” but I’m wary of volatility.
A dip below $89,000 could test support at $86,000.
For now, I’m cautiously bullish, keeping a close watch on volume and global cues.
