Bitcoin market share rises to nearly four-year high
Today, Bitcoin's market share surged to 64.61%, reaching its highest level since February 2021. The high market share of Bitcoin indicates the dormancy of the altcoin market, but it also suggests that a rebound is imminent.
In November last year, when Bitcoin's market share exceeded 60%, altcoins entered a small bull market. In both 2019 and 2021, Bitcoin's market share reached above 70%, followed by a spectacular rally.
On April 22, 2025, traditional safe-haven assets like gold, the Japanese yen, and the Swiss franc fell due to a decrease in risk-aversion sentiment, while Bitcoin surged by 7%, reaching $93,663, and approached $94,453 the next day. The three major U.S. stock indexes rose over 2.5%, the U.S. dollar index increased, and gold dropped to $3,411 per ounce. The cryptocurrency market heated up, with Ethereum rising over 10%.
Bitcoin's Rise Logic
Enhanced Safe-Haven Attributes: U.S. Dollar Credit Crisis: The proportion of U.S. dollar foreign exchange reserves has fallen to 58%, and de-dollarization has driven up Bitcoin demand.
Economic Stagflation Risk: U.S. PMI is sluggish, with core CPI reaching 2.4%, leading funds to shift from U.S. stocks to Bitcoin.
Global Reserve Demand: Global gold reserves are expected to increase to 4,974 tons in 2024, leading to rising demand for Bitcoin as “digital gold.”
Favorable Policies: Trump supports cryptocurrency and stated on April 22 that he does not plan to fire Federal Reserve Chairman Powell.
New SEC Chairman Paul Atkins (who took office on April 21) is pro-crypto, expected to bring relaxed regulations.
Market Dynamics: Bitcoin is decoupling from U.S. stocks and has an increasing negative correlation with the U.S. dollar, attracting investors.
Conclusion
Bitcoin exhibits safe-haven attributes, but its high volatility and dependence on the U.S. economy make its status unstable. Attention should be paid to policies, economic indicators, and institutional trends.
Ethereum is approaching $1800. There is a big rise preparation in $ETH. We must say that the Ethereum price remains cheap and has a big rise potential. A rapid rise to $4000 in $ETH would not surprise us. We know that deep falls trigger sharp increases. This situation can happen in Ethereum. Are you ready for the bull market?
Xai Play puts 40,000 Steam game achievements on the chain with one click. Players can log in to cast old trophies into NFTs and enter the global rankings. In the first month of launch, the number of bound accounts exceeded 1.2 million, and the peak daily interaction on the chain exceeded 12 million. For the first time, traditional players received on-chain rewards in a familiar environment, and developers instantly reached a massive audience, completely erasing the boundary between Web2 and Web3.
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Yesterday, after the US stock market opened, there was significant debate between bulls and bears, and the market also experienced a 'Tian Di Zhen' (a specific candlestick pattern), particularly reflected in the Bitcoin price, which serves as a barometer. This candlestick can be seen as a pullback after a rise.
The trend indicates that Bitcoin has support near the 92000 mark, and the pullback also reached around this position. After establishing support, it began to rise again, with recent resistance around 85800, showing a fluctuating upward trend.
Ethereum allowed everyone to enter at 1630 and successfully reach above 1800. The trend seems to show support near 1750, and as long as this position is not broken, it can maintain its structure. Resistance is around 1880; decisions can be made once this position is reached.
When the TRUMP news came out, there was a significant increase. Friends who did not get on board earlier are not advised to chase the rise. The trend appears to be pulling back to around 11.5; those who are in profit should take their profits in a timely manner and be aware of the risk of a pullback.
Yesterday, after the US stock market opened, there was significant debate between bulls and bears, and the market also experienced a 'Tian Di Zhen' (a specific candlestick pattern), particularly reflected in the Bitcoin price, which serves as a barometer. This candlestick can be seen as a pullback after a rise.
The trend indicates that Bitcoin has support near the 92000 mark, and the pullback also reached around this position. After establishing support, it began to rise again, with recent resistance around 85800, showing a fluctuating upward trend.
Ethereum allowed everyone to enter at 1630 and successfully reach above 1800. The trend seems to show support near 1750, and as long as this position is not broken, it can maintain its structure. Resistance is around 1880; decisions can be made once this position is reached.
When the TRUMP news came out, there was a significant increase. Friends who did not get on board earlier are not advised to chase the rise. The trend appears to be pulling back to around 11.5; those who are in profit should take their profits in a timely manner and be aware of the risk of a pullback.
My dears! Come and see,#LUNA2is like a wild horse that has broken free from its reins, and the explosive pull is so fierce! Just now, the price has soared all the way, reaching a maximum of 0.202. Not only has it successfully completed target 2, but it is also about to reach TP3. This is a profit of 344%, which is simply a huge profit! Let's take it step by step, quickly set BE, and firmly lock in the profit. Family members, enjoy this wave of profits, just eat it! $LUNA2's subsequent trend, we will continue to pay close attention!
My dears! Come and see,#LUNA2is like a wild horse that has broken free from its reins, and the explosive pull is so fierce! Just now, the price has soared all the way, reaching a maximum of 0.202. Not only has it successfully completed target 2, but it is also about to reach TP3. This is a profit of 344%, which is simply a huge profit! Let's take it step by step, quickly set BE, and firmly lock in the profit. Family members, enjoy this wave of profits, just eat it! $LUNA2's subsequent trend, we will continue to pay close attention!
My dears! Come and see,#LUNA2is like a wild horse that has broken free from its reins, and the explosive pull is so fierce! Just now, the price has soared all the way, reaching a maximum of 0.202. Not only has it successfully completed target 2, but it is also about to reach TP3. This is a profit of 344%, which is simply a huge profit! Let's take it step by step, quickly set BE, and firmly lock in the profit. Family members, enjoy this wave of profits, just eat it! $LUNA2's subsequent trend, we will continue to pay close attention!
My dears! Come and see,#LUNA2is like a wild horse that has broken free from its reins, and the explosive pull is so fierce! Just now, the price has soared all the way, reaching a maximum of 0.202. Not only has it successfully completed target 2, but it is also about to reach TP3. This is a profit of 344%, which is simply a huge profit! Let's take it step by step, quickly set BE, and firmly lock in the profit. Family members, enjoy this wave of profits, just eat it! $LUNA2's subsequent trend, we will continue to pay close attention!
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