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Crypto Market Update: April 12, 2025 The global crypto market cap is valued at $2.65 trillion, marking a 2.07% increase over the last day. Bitcoin (BTC) has been trading between $81,341 and $84,300 over the past 24 hours, with a current price of $83,458, representing a 1.70% increase.
Market Overview Most major cryptocurrencies are trading higher, with notable outperformers including: BABY : up by 86% GUN : up by 37% VIRTUAL : up by 33%
Top Stories 1. Bitcoin Whale Addresses Surge: Following Trump's tariff pause, there's been a significant surge in Bitcoin whale addresses, marking the largest daily spike since February. 2. U.S. Recession Odds: Polymarket predicts a 60% chance of a U.S. recession in 2025, amid mounting economic fears. 3. *Grayscale Bitcoin ETFs*: Grayscale Bitcoin Covered Call and Yield ETFs have surpassed $4.5 million in assets under management (AUM), setting a new record. 4. U.S. Inflation Expectations: The U.S. April inflation rate expectations have risen to 6.7%.
Crypto Market Trends | April 4, 2025 The global crypto market cap has surged to $2.65 trillion, marking a 1.83% increase over the last 24 hours, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $81,211 and $84,650, and as of 09:30 AM (UTC) today, it's trading at $84,336, up by 0.84%.
*Market Overview* Most major cryptocurrencies by market cap are trading mixed. However, some notable outperformers include:
- *LTO*: up by 76% - *USUAL*: up by 29% - *NKN*: up by 16%
*Top Stories* Here are some of the top stories making headlines today:
1. U.S. House Financial Services Chair Outlines Digital Asset Framework 2. First Trust Launches Bitcoin Strategy ETF 3. U.S. Labor Market Eases Concerns Amid Tariff Focus 4. Grayscale Files Solana ETF Application with SEC 5. U.S. March Unemployment Rate Slightly Higher Than Expected
*Market Movers* Here's a snapshot of how some major cryptocurrencies are performing:
The TUT/USDT pair has experienced extreme price fluctuations, surging from $0.01261 to $0.05800 before sharply retracting to $0.02815, resulting in a -23.77% daily loss.
Current Market Setup:
Support: $0.02800 Resistance: $0.03500
Possible Trading Scenarios:
Long Setup (on confirmed bounce): - TP1: $0.03300 - TP2: $0.03750 - SL: $0.02700
This market is not suitable for inexperienced traders due to its high volatility. Wait for confirmation of a structural bounce before entering a trade. High volume indicates potential for another price surge if resistance is broken with momentum.
VanEck has taken a significant step into the Altcoin ETF market by registering an exchange-traded fund (ETF) based on Binance Coin (BNB). This move marks the company's fifth cryptocurrency-related ETF registration in Delaware ¹. VanEck has been actively expanding its range of exchange-traded products (ETP) by submitting applications for ETFs based on alternative currencies, including Bitcoin, Ethereum, Solana, and Avalanche ².
The registration of the VanEck BNB Trust in Delaware is a preliminary step before filing a formal application with the U.S. Securities and Exchange Commission (SEC) ³. If approved, the ETF would provide investors with exposure to BNB without requiring them to directly purchase and store the cryptocurrency.
This development comes as the cryptocurrency market experiences a brief recovery, with Bitcoin stabilizing at $84,000 and the altcoin sector showing signs of revival ⁴. The exchange-traded fund market is also witnessing increased activity, with VanEck's registration being the latest example.
$VR is currently holding steady at its $0.0048 support level, with a promising target of $0.028. As a metaverse asset, it's well-positioned alongside industry leaders like $BLOK, $SAND, and $MANA. If $BTC continues its upward momentum, $VR is likely to benefit significantly. Getting in on this trend early could be a savvy move, as Bitcoin's growth may propel $VR's potential even further.
Shiba Inu Sees Decline in April, While Remittix Predicted to Soar Over 50x by August
The second quarter of the year has begun, and the crypto market is showing signs of recovery. Shiba Inu, despite its recent uptrend, has not been able to offset its seven-day losses. On the other hand, Remittix is gaining traction, regardless of market trends.
Shiba Inu's Price Struggles: What's Behind the Decline?
As one of the top meme coins by market capitalization, Shiba Inu has lost favor with traders since its remarkable run in 2021. Despite efforts to sustain its legacy, SHIB's price has been unable to attract enough traffic to maintain its gains.
Last week, SHIB's price spiked to $0.000015 but then dipped to $0.000012 before stabilizing. The token's inability to sustain its price surges is its greatest obstacle.
Shiba Inu Price Predictions
Market correction and inadequate network activity have left Shiba Inu struggling to make profits. Although it may see new uptrends this week, few holders are optimistic about the meme coin. With its RSI ratings approaching oversold territory, a price reversal is possible. However, the token has lost another key support level, and further decline is possible.
A Better Investment Opportunity: Remittix
Instead of relying on market trends, Remittix is building a crypto withdrawal system that doesn't depend on market fluctuations. The project's utility lies in its ability to bridge the gap between crypto and fiat financial systems, enabling users to send crypto directly into fiat accounts at reduced costs.
Remittix's use cases include:
- Enabling crypto tokens to be used directly for payment - Increasing crypto adoption globally - Providing a platform for high-volume transactions
The Remittix presale has already raised over $14.3 million, indicating strong interest in the project. With its potential for presale ROI and predicted 130x returns, Remittix is an attractive investment opportunity. Buy your RTX tokens today and anticipate the returns.
Day 7 of BSC Deep-Dive: Share Your Insights on #BSCMemeCoins!
Create a post using #BSCMemeCoins and share your thoughts on trending meme coins. You'll have a chance to win a share of 3 BNB in token vouchers and earn Binance Points!
Some ideas to get you started:
- Explore popular meme coins on BSC and their fascinating backstories. - Analyze recent price movements, trends, market capitalization, trading volume, and price predictions. - Share memes, jokes, and viral content that showcase community hype.