On April 22, Bitcoin’s price surpassed $88,000, contributing to a global market cap of $2.75 trillion. Notable gains were seen in several altcoins, with Kaspa leading a 14% increase. In contrast, Aptos continued its downward trend, losing over 5%. Experts shared positive market insights, predicting further potential for Bitcoin, with expert opinions reflecting cautious optimism around altcoin movements. Investing in cryptocurrencies carries risks, and readers are advised to seek expert advice.
On April 22, the global cryptocurrency market cap reached $2.75 trillion, with Bitcoin (BTC) surpassing $88,000. Several altcoins, such as Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC), also reported gains as the overall Market Fear & Greed Index indicated fear levels at 38 out of 100. Kaspa (KAS) emerged as the top gainer with a significant 14% increase, while Aptos (APT) faced continued losses, down over 5%.
Bitcoin’s price stood at $88,098.21, marking a modest 0.81% increase in the last 24 hours. In India, BTC was valued at Rs 73.34 lakh. Other notable prices included Ethereum at $1,577.81 (down 3.80%), Dogecoin at $0.1607 (loss of 0.25%), Litecoin at $78.66 (a 0.17% dip), Ripple at $2.08 (1.82% decrease), and Solana at $138.92 (down 1.43%).
The top five gainers in the last 24 hours were:
1. Kaspa (KAS) – Price: $0.08963, Gain: 13.85%
2. Fartcoin (FARTCOIN) – Price: $1.00, Gain: 11.35%
3. Kaia (KAIA) – Price: $0.1132, Gain: 9.00%
4. Stacks (STX) – Price: $0.7524, Gain: 8.02%
5. POL (POL) – Price: $0.2043, Gain: 6.14%
Simultaneously, the top five losers were:
1. Aptos (APT) – Price: $4.85, Loss: 5.25%
2. Theta Network (THETA) – Price: $0.6256, Loss: 5.11%
3. DeXe (DEXE) – Price: $14.56, Loss: 4.97%
4. JasmyCoin (JASMY) – Price: $0.01422, Loss: 4.37%
5. Ethereum Classic (ETC) – Price: $15.48, Loss: 4.34%
Experts from various exchanges shared insights on the market trends. Edul Patel from Mudrex highlighted Bitcoin’s upward trend driven by institutional interest and liquidity growth, predicting a potential move towards the $93K resistance if current levels are maintained. CoinSwitch’s report noted Bitcoin exceeding $88,500 and trading favourably against moving averages amid declining U.S. dollar confidence.
Avinash Shekhar of Pi42 remarked that Bitcoin’s rise is linked to halving momentum and improving trader confidence, while Ethereum faces challenges due to significant ETF withdrawals. Sathvik Vishwanath from Unocoin observed Bitcoin nearing $90,000, driven by strong ETF inflows but cautioned against potential corrections.
Shivam Thakral of BuyUcoin attributed Bitcoin’s surge to a weakening dollar, suggesting it may reach $90,000 soon. Still, Robert Kiyosaki predicted Bitcoin could hit $200,000 by 2025. The CoinDCX Research Team noted Bitcoin’s bullish trend as other altcoins consolidated, suggesting growing dominance of Bitcoin in the market.
Readers should recognise that investing in cryptocurrencies carries risks and should seek expert advice before proceeding with any transactions. Cryptocurrency products are largely unregulated in many jurisdictions, and speculative investment could lead to significant losses.
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