Crypto Market Performance (Last 24 Hours as of 2025-04-24):
The cryptocurrency market has shown resilience and upward momentum, with Bitcoin (BTC) leading the charge toward the 95,000resistancelevel,currentlytradingaround∗∗95,000resistancelevel,currentlytradingaround∗∗93,600** after a 12.2% weekly gain 16. Key drivers include:
Institutional Demand Surge: U.S. spot Bitcoin ETFs recorded $1.3 billion in net inflows this week, marking the strongest institutional interest since mid-January. This reflects growing conviction in Bitcoin as a "digital gold" hedge amid macroeconomic uncertainty and a weakening U.S. dollar 26.
Macroeconomic Catalysts: Optimism around easing U.S.-China trade tensions, spurred by President Trump’s comments on reducing tariffs, initially fueled the rally. However, Treasury Secretary Bessent tempered expectations, noting a comprehensive deal could take years, introducing cautious sentiment 46.
Technical Resistance and Caution: BTC faces near-term resistance at $95,000, with analysts warning of potential pullbacks. Derivatives markets show subdued bullish conviction, with traders closely monitoring liquidity and macroeconomic data (e.g., U.S. jobless claims) for directional cues 136.
Altcoin Performance: Tokens like Sui (SUI) surged 24%, while Cardano (ADA) and Chainlink (LINK) gained ~7%, though broader market sentiment remains mixed 6.
Market Sentiment: While Bitcoin’s correlation with traditional risk assets weakens, its role as a "QE hedge" gains traction, especially as gold stalls after a historic rally. Analysts suggest BTC may follow gold’s upward trajectory with a lag 56.
Outlook: The market balances bullish institutional inflows with geopolitical and technical headwinds. A decisive break above $95,000 could unlock new highs, but volatility remains likely amid macroeconomic shifts. Traders are advised to monitor ETF flows, dollar strength, and resistance levels closely.
