#AbuDhabiStablecoin As of April 29, 2025, the cryptocurrency market is exhibiting a cautiously optimistic trend, with major assets maintaining key support levels and institutional interest remaining robust.
Bitcoin (BTC) is trading around $94,979, reflecting a 0.26% increase over the past 24 hours. The asset has been consolidating between $93,000 and $95,500 since April 25, indicating strong buyer support at lower levels. Analysts suggest that if BTC holds above its annual open of $93,340, it could target the $106,000 mark.
Institutional demand continues to bolster Bitcoin's price, with spot Bitcoin ETFs attracting over $590 million in inflows, marking a six-day streak of positive movement.
Ethereum (ETH) is currently priced at $1,830.32, up 1.21% from the previous close. The network is gearing up for the Fusaka hard fork, scheduled for late 2025, which aims to enhance scalability and reduce transaction fees.
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BNB (BNB) is trading at $608.10, showing a modest gain of 0.33%. The asset has demonstrated resilience, outperforming many altcoins in the current market cycle.
XRP (XRP) is slightly down by 2.15%, trading at $2.28. Despite the dip, market pundits remain optimistic about XRP's long-term potential, with some suggesting that holding XRP alone could be a sufficient investment strategy.
Cardano (ADA) is experiencing a minor decline of 1.44%, currently priced at $0.713. The asset continues to face resistance levels, and investors are monitoring for potential breakout signals.
Overall, the crypto market sentiment is leaning towards "Greed," indicating positive investor outlook. However, traders are advised to stay vigilant, as upcoming U.S. economic data releases could introduce volatility.
