Bitcoin’s price has decreased to $83,000, dropping from $85,000 amid market dips affecting altcoins; Ethereum and XRP fell 3%, while SOL and ADA dropped 5%. GAS token surged 27%, and overall market cap is $2.64 trillion with trading volume at $75.09 billion.
On April 16, 2025, Bitcoin’s price has dipped to $83,000 after previously touching a key resistance level of $85,000. This slight decline in momentum coincides with a general downturn in altcoins amid market uncertainty, as trading activity in the crypto market has decreased significantly. On this date, Bitcoin trades around $83,880, experiencing a 1.88% decline over the past 24 hours and a trading volume of $27.2 billion.
Earlier today, Bitcoin reached a daily high of $86,397 before falling to $83,145. Prominent altcoins such as Ethereum (ETH) and XRP have each fallen by 3%, while Solana (SOL) and Cardano (ADA) experienced a more significant drop of 5%. Other cryptocurrencies in the top 10, like Dogecoin (DOGE), decreased by 3.40%, whereas Tron (TRX) recorded a 2.3% rise over the same period.
Despite the downturn in major cryptocurrencies, Neo’s GAS token has surged impressively by 27%. Additionally, MANTRA (OM) has rebounded with a 19% increase following a drastic 93% crash earlier in the week. Conversely, MORPHO has faced a 13% decline, while XCN and BRETT experienced losses of 12% and 11%, respectively.
The trending cryptocurrencies today include Raydium (RAY), Pax Gold (PAXG), Pi Coin (PI), Chainlink (LINK), and BNB Chain (BNB). The top gainers in the market are GAS (+27%), Aergo (+20%), MANTRA (+19%), Core (+16%), and Solayer (+6%). On the other hand, the top losers are MORPHO (-13%), XCN (-12%), BRETT (-11%), JasmyCoin (-10%), and Movement (-10%).
According to Coinmarketcap, the global cryptocurrency market capitalisation currently stands at $2.64 trillion, with a 24-hour trading volume of $75.09 billion. The market is seeing a shift, particularly as memecoins like BONK, SPX, and WIF face a substantial 12% drop in just 24 hours, indicating a broader trend of reduced strength in certain sectors of the crypto market.
