On Friday, the cryptocurrency market was subdued. It struggled to maintain momentum after a short recovery earlier in this week.
Bitcoin has struggled to stay above the $85,000 level.
Global cryptocurrency market capitalization is $2.69 trillion. This represents a 0.93% decrease in the last 24 hours.
The total market volume for the same time period dropped by 11.05%, to $79.39 Billion. This reflects a significant drop in trading activity.
Today’s Bitcoin (BTC), price
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Bitcoin was trading at $84,898.71 in the last 24 hours, an increase of around 1%.
The 24-hour range of the coin is between $83,743 to $86,429.35.
Bitcoin’s dominance on the market increased by 0.39%, to 62.98%. The asset was more stable than other altcoins in the recent market consolidation.
According to Wintermute, Bitcoin has shown greater resilience in the face of macroeconomic fluctuations than traditional financial markets.
This report shows that Bitcoin is a better investment than stocks and bonds. The S&P 500, Nasdaq and other major markets have fallen to the lowest levels they’ve seen in over a year. Bond yields are at highs not seen since 2007.
Wintermute noted that Bitcoin’s recent price decline was relatively mild. It merely returned to levels reached during the US presidential election.
Bitcoin has historically suffered from large losses when the financial markets are under stress.
Report noted that the current behavior signals a “notable change” — Bitcoin is positioned as more resilient in spite of macroeconomic headwinds, and has decoupled, to a certain extent, from moves away from risk on legacy markets.
Ethereum (ETH), price today
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Ethereum fell around 1% and traded at $1,616.66.
The low and the high intraday were respectively $1,603.37 et $1,659
According to Farside, Ethereum ETFs on the spot recorded an outflow total of $6 Million on April 14th.
ETFs are now experiencing outflows in five consecutive sessions.
Today’s XRP/SOL prices
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After hitting an intraday high of $2.18 and a low of just $2.11, XRP is now trading at $2.13.
In recent days the price of XRP rose sharply from a minimum of $1.6270 to $2.20.
Market analyst EGRAG CRYPTO believes that XRP has already reached a bottom as early as April 7th.
EGRAG, however, stressed that although the recent rebound is encouraging, confirmation for a trend reversal to be sustained will require some critical technical milestones.
Solana’s price increased by 0.6%, trading at $129.81.
Canada will launch the first exchange-traded fund in the world, spot Solana Exchange Traded Fund (SOL), on 16 April 2025 after receiving approval from Ontario Securities Commission.
These products are a departure from the conventional crypto-ETFs as they will include native SOL stake.
Crypto gainers and losers
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MANTRA’s (OM) performance was outstanding, with a 47.58% increase in just 24 hours. The stock is now trading at $0.7964.
It was the top-performing crypto on the day.
The OM token of Mantra suffered a 90% drop in value following the transfer to exchanges of $227,000,000 worth. This triggered a steep sell-off.
The Mantra team has attributed the sudden depreciation of tokens to market forces and forced closing of positions on centralized exchanges. However, there is still speculation about the real cause.
The Story (IP), which climbed to $4.14, followed closely behind with a gain of 20.31%.
The Raydium stock (RAY), which gained 7.82%, reached $2.14.
Toncoin (TON), which is now $2.93, has seen a 5.05% rise in the last 24 hours.
Monero, (XMR), rounded out the top gainers. It gained 2.44% and traded at $216.41.
Pi (PI), with a drop of 8.76% in the last 24 hours, has fallen to $0.6659.
XDC Network slid 7.36% down to $0.07097. Helium (HNT), a gas company, fell 7.08% to $2.44.
JasmyCoin dropped 5.53%, to $0.01537. However, it has managed a 0.56% increase in the last hour.
Flare (FLR), a lost 5.35%, to $0.01570.
