The crypto market closed last week on a bullish note, with the global market cap jumping from $2.74 trillion to $2.95 trillion. Bitcoin (BTC) led the charge, smashing past $95,000 on April 25 before settling above the $93,000 mark — a key psychological level for traders.
BTC Dominance Climbs, Market Sentiment Neutral
At the time of writing, BTC dominance stood strong at 63.29%. The overall market mood stayed 'Neutral' with a Fear and Greed Index score of 51. Despite volatility, growing ETF inflows and hints of favorable U.S. economic policies kept optimism alive.
Key Numbers:
Bitcoin High: $95,480.48 (April 25)
Bitcoin Low: $86,696.50 (April 21)
Ethereum High: $1,852.49 (April 27)
Ethereum Low: $1,560.61 (April 22)
DeFi Volume: $5.57 billion (9.01% of total 24-hour volume)
Stablecoin Volume: $56.08 billion (90.74% of total 24-hour volume)
Institutional Inflows Drive Optimism
Spot Bitcoin ETFs in the U.S. attracted $3.06 billion in inflows last week, reinforcing Bitcoin’s resilience above $93K. Sathvik Vishwanath, CEO of Unocoin, pointed to $94,600 as the next breakout level. With institutional demand rising and potential regulatory clarity from the U.S. SEC, bulls are eyeing a move toward the $124,000 target.
Altcoin Spotlight: Pudgy Penguins And Walrus Surge
While Bitcoin and Ethereum held firm, certain altcoins like Pudgy Penguins and Walrus captured attention with notable gains. Altcoins could gain further momentum if Bitcoin consolidates at current levels.
Macroeconomic Watch: New U.S. Tariff Policies Loom
President Donald Trump hinted at upcoming federal income tax cuts tied to fresh trade tariffs — a development that could inject new volatility into global markets, including crypto.
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