Cryptocurrency Market Update: Bitcoin Stalls; Solana Sees Gains on April 17, 2025

On April 17, 2025, Bitcoin’s price stagnates around $84,367 amidst a lack of news in the crypto market. Solana (SOL) gains 6%, contrasting with other top cryptocurrencies like Ethereum and XRP, which are experiencing sideways trading. NEM leads the gainers with a 13% rise, while ORCA is the biggest loser at -12%. The global market cap is at $2.66 trillion with trading volume at $74.42 billion.

On April 17, 2025, the cryptocurrency market exhibits a lack of excitement as Bitcoin continues to trade sideways. With no significant news impacting the industry, investors are witnessing minimal price fluctuations among the major cryptocurrencies. However, Solana (SOL) stands out, increasing by 6% due to heightened investor interest.

The crypto landscape has remained relatively quiet since last week, particularly after Bitcoin experienced substantial volatility linked to ongoing trade tensions. Currently, Bitcoin is trading near $84,367, having fluctuated between a high of $85,324 and a low of $83,314. Technical analysis indicates Bitcoin is consolidating within a range of $83,000 to $85,000, awaiting a potential breakout.

Following Bitcoin, other top altcoins such as Ethereum (ETH), XRP, Binance Coin (BNB), and Tron (TRX) are experiencing stagnant trading patterns, struggling to surpass significant resistance levels. In contrast, Solana (SOL) has surged to $133, marking a 5.47% rise in the last 24 hours, breaking through levels where it had previously been resisted.

Currently, Ethereum trades around $1,590, and XRP is hovering near $2.10, both showing potential for upward movement. Meanwhile, TRX, Dogecoin (DOGE), and Cardano (ADA) are experiencing notable price changes, attracting investors looking for discounted opportunities.

In terms of top performers, NEM leads with a 13% increase, followed by Onyxcoin (XCN) and Hyperliquid (HYPE), each gaining 10%. Conversely, ORCA, a token from the Solana-based DEX Orca, is the biggest loser at 12%, with other notable declines from Alchemy Pay (ACH), MANTRA (OM), Movement (MOVE), and Gas (GAS).

According to Coinmarketcap, the global cryptocurrency market capitalisation is currently $2.66 trillion, with a 24-hour trading volume of approximately $74.42 billion. Market participants remain cautiously optimistic for potential shifts in the coming days.