The crypto market cap stands at $2.88 trillion, with a 0.67% intraday pullback. Bitcoin battles $95K resistance, while Ethereum outperforms slightly, eyeing the $2000 mark. Solana and XRP gain momentum, with Solana surging 40% in three weeks.
As the bull run in the cryptocurrency market gradually loses momentum, Bitcoin and other major altcoins are experiencing an intraday pullback. Currently, the crypto industry holds a market capitalization of $2.88 trillion, recording a 0.67% intraday pullback.
Over the past seven days, the cryptocurrency market has surged by nearly 9%, with the Bitcoin price experiencing a 9.36% increase.
Currently, Bitcoin is trading at $93,174, with an intraday pullback of 0.89%. The BTC price trend exhibits a bullish struggle to maintain dominance above the $95,000 mark, as it faces an overhead rejection. Over the past two days, the BTC price has fluctuated between $91,000 and $94,000, highlighting the bullish struggle to break past the $95,000 mark.
Following the intraday pullback and loss of bullish momentum, the BTC price may retest the $90,000 support level. However, in the event of a breakout rally, the uptrend is likely to reclaim the $100,000 mark.
Notably, the Bitcoin ETFs on April 24 recorded a daily total net inflow of $442 million. This records its fifth consecutive daily positive inflow, reflecting increased institutional support.
Along with Bitcoin, Ethereum also faces a bullish struggle to overcome the $1800 mark. Over the past 7 days, this week, the Ethereum price surged by nearly 11%, outperforming Bitcoin by a small margin. This hints at a possible new altcoin season in the making.
However, the Ethereum price must break above the $1850 to reclaim the $2000 mark and mark the beginning of a new altcoin season.
Among the top altcoins, Solana and XRP are gaining solid momentum. The XRP price this week has surged by nearly 5%, with the current market price of $2.81. The crypto price today has dropped by 1.08%, as it faces a position near the $2.20 mark.
Nevertheless, as the crypto price sustains above the $2.00 mark, the bulls are likely to prolong the uptrend to $2.60.
The Solana token is currently trading at a market price of $151. The crypto price today has dropped by 0.96% as it struggles to hold ground above $150 mark. This week the Solana price has surged by nearly 10%, recording its third consecutive positive week.
In the past three weeks, the SOL price has surged from $107, accounting for a rally of more than 40%. As the bullrun gains momentum, the Solana price is likely to reach the $200 mark if it sustains above the $150 level.
Wallet 0xddb, linked to the EthereumFoundation, sent 1,001 ETH ($1.58 million) to Kraken about 3 hours ago.
Since reactivating on March 10 after a 6-year dormancy, this whale has offloaded 12,891 ETH ($21.5 million) to Cumberland and Kraken at an average price of $1,668.
It still holds a substantial 28,000 $ETH ($44.1 million).
Paradigm (@paradigm) transferred 5,500 $ETH ($8.68 million) to AnchorageDigital roughly 8 hours agolikely preparing for deployment on Binance or Coinbase.
This ends a 9-month hiatus, bringing the total to 96,955 ETH ($301.5 million) sent to Anchorage since January 2024, at an average price of $3,109.
The cryptocurrency market is experiencing a pullback after a 9% weekly surge, with Bitcoin struggling near $95K and Ethereum aiming for a breakout past $1,850.