Bitcoin Dips to $83K: Crypto Market Update for April 16, 2025

Bitcoin’s price decreased to $83,880, down 1.88% in the last 24 hours. Leading altcoins, including ETH and XRP, fell by 3%, while SOL and ADA dropped by 5%. Neo’s GAS token surged 27%, indicating potential growth areas amidst market volatility. The global crypto market cap is at $2.64 trillion, with $75.09 billion traded in the last day.

On April 16, 2025, Bitcoin’s price has decreased to $83,880 after facing resistance at $85,000 earlier, marking a decline of 1.88% within the last 24 hours. The total trading volume for Bitcoin stood at $27.2 billion, with daily fluctuations peaking at $86,397 before dropping to as low as $83,145. This shift in Bitcoin’s performance reflects broader market instability, resulting in diminished trading activity across cryptocurrencies.

Leading altcoins have also experienced a downturn amid this market fluctuation. Ethereum (ETH) and Ripple (XRP) have both fallen by 3%, while Solana (SOL) and Cardano (ADA) showed a decline of 5%. Meanwhile, Dogecoin (DOGE) dropped 3.40%, but Tron (TRX) saw a modest gain of 2.3%, demonstrating mixed performance among top cryptocurrencies.

Noteworthy movements in the market include Neo’s GAS token, which surged by 27%. MANTRA (OM) recovered partially from a recent crash with a significant increase of 19%. Conversely, MORPHO has decreased by 13%, followed by XCN with a 12% drop and BRETT declining by 11%. This illustrates the varied responses in the market to current conditions.

Trending cryptocurrencies today include Raydium (RAY), Pax Gold (PAXG), Pi Coin (PI), Chainlink (LINK), and BNB Chain (BNB). Among top gainers, GAS leads with a 27% rise, followed closely by Aergo at 20% and MANTRA with a 19% increase. On the losing side, MORPHO, XCN, and BRETT have all shown significant declines.

According to CoinMarketCap, the global cryptocurrency market capitalisation is currently valued at $2.64 trillion, with a notable trading volume of $75.09 billion in the past 24 hours. This overall context reflects significant shifts and trends within the cryptocurrency sector, highlighting both caution and opportunity.