Bitcoin’s safe-haven narrative has been growing in the past week on its relevant resilience, mirroring gold’s price rise, even as bond yields and U.S. equities corrected amid the ongoing tariff wars.

By Shaurya Malwa|Edited by Parikshit Mishra

Updated Apr 24, 2025, 7:11 p.m.Published Apr 24, 2025, 10:41 a.m.

What to know:

  • Major cryptocurrencies fell up to 5% as traders took profits, with dogecoin leading the losses.

  • Bitcoin maintained its position around $93,000, while other major tokens like XRP, SOL, BNB, and DOGE saw declines over 2%.

  • Spot bitcoin ETFs in the U.S. attracted over $916 million in inflows, driven by Bitcoin's growing appeal as a safe haven amid market volatility.

Major tokens fell as much as 5% on Thursday as traders took profits on a steady move higher from earlier this week, with memecoin dogecoin (DOGE) leading losses among the largest assets.

Bitcoin (BTC) clung to the $93,000 zone in the past 24 hours, but XRP, Solana’s SOL, BNB Chain’s BNB and DOGE showed losses above 2%. Ether (ETH) fared relatively better with a 1.5% slump.

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