- Bitcoin leads the market recovery with strong liquidity and institutional support and is driving its course to new highs.
- Solana is solid. Despite ETF expectations, the XRP course suffers from residual uncertainty, but can be broken out.
The crypto market has recovered sharply in the past week and has reached high levels in both courses and the overall market capitalization. With a Bitcoin trade near $ 94,000 and a global crypto market capitalization of over $ 3 trillion, the mood of investors seems to have changed into positive.
This dynamic comes in the middle of a number of macroeconomic and institutional developments, including a change of management in the US Securities and Exchange Commission (SEC) and a new interest of asset managers such as Blackrock. Shortly before the weekend, several digital assets show strong signals that are paid by the market observers with great attention.
Bitcoin (BTC), currently the most valuable cryptocurrency, is still the index for the overall market. On April 25th, BTC recorded one of the highest intraday prices at $ 95,500 before he came to a standstill at $ 94,874.47. That is 2.3 % more than the value of the assets the day before, with the daily trading volume increasing by $ 27 % to $ 40,000,000,000.
The technical charts show an upward movement of the price with regular burglaries and fast relaxation, which indicates a strong interest in purchase. The current ratio of volume to market capitalization of 2.11 % reflects high liquidity. With almost 94.5 % of the maximum of 21 million BTC, which are already in circulation, the long -term assistance is underpinned.
As a result, institutional demand seems to play a role in stabilizing the BTC price. For example, Blackrock has invested $ 800 million in BTC for its ETF product. The change in the leadership of the SEC to a crypto -friendly position could reduce the regulation of the cryptom market for a few months.
Solana is solid in the volatile market
Solana (Sol) has shown itself resistant despite the recent market fluctuations. On April 25, Sol fluctuated by $ 150.85 after it briefly exceeded the $ 155 mark. Although he only recorded a daily profit of 0.11 %, the asset experienced remarkable price fluctuations that reflect a dynamic struggle between buyers and sellers.
The trading volume has increased by 15.32 % and today is $ 4,400,000,000 and a market capitalization of $ 78,000,000,000. Another source of confirmation, which indicates that the dynamics are in a safe place, can be derived from the ratio of volume to market capitalization, also known as the ratio of volume to market capitalization, which is 5.66%. According to most analysts, such a formation is a perfect starting point for an even higher increase, even if a short -term reset can occur if the upward movement is not very strong.
Solana is still active in development and sees increasing demand on the defi and NFT markets. However, the lack of a token upper limit could have different effects on long-term value expectations than the Bitcoin paradigm based on deflation.
XRP: uncertainty despite ETF expectation
Riples XRP is observed closely because of the requested ETFs. However, a look at the short -term technical data reveals the uncertainty of the market. It is currently $ 2.18, but its value has dropped by 0.53 % in the past few days, and sales are average. The course reached $ 2.21 on April 25, but then began to decrease.
The turnover decreased to $ 3.38 billion, while market capitalization was $ 127.7 billion. This means that when writing this article, 58.39 of 100 billion XRP are in circulation, which XRP is a unique position with regard to the offer size compared to other large crypto projects. This is an indication of moderate liquidity when you look at the market capitalization, which was recorded in 2.64 percent of the total volume.
The appointment of a new SEC chairman, which is rather inclined by the crypto industry, has reinforced optimism about the approval of XRP ETFs.
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