Cryptocurrency Market Update: Bitcoin Reaches $87k, Altcoins Surge

Bitcoin’s price has surged to $87k, indicating a strong uptrend in the crypto market, alongside notable increases in Ethereum, XRP, and LINK. The market shows promising gains, while Enjin Coin leads among gainers with 66% growth. The global crypto market cap is at $2.74 trillion with significant daily trading activity.

As of April 21, 2025, Bitcoin has regained a price of $87,000, marking a rise of nearly 4% and leading to a bullish trend across the cryptocurrency market. This surge has prompted uplifts in major altcoins such as Ethereum (ETH), XRP, and Chainlink (LINK), each experiencing increases exceeding 3% within a 24-hour period.

Bitcoin had been stabilising around $85,000 for two weeks faced with significant resistance. However, its recent leap beyond $87,000 has shifted expectations, with analysts projecting that Bitcoin could reach above $90,000 as the weekly trading opens. Currently, Bitcoin is valued at approximately $86,900, with a trading volume of $27.4 billion for the day, representing a 3.41% increase. The cryptocurrency fluctuated between a low of $84,028 and a high of $87,666 today.

Similarly, Ethereum (ETH) has risen by 3.46%, reaching $1,629, while XRP has followed suit, rising 3.38% to $2.21. Notable increases were also seen in Chainlink’s LINK and Cardano’s ADA, while Dogecoin (DOGE) emerged as the highest gainer among the top ten cryptocurrencies, surging 5.22% within the last 24 hours.

Leading the gainers is Enjin Coin (ENJ), which skyrocketed by an impressive 66%, closely followed by Convex Finance (CVX) with a 22% uptick. Conversely, the biggest losers include DeXe (DEXE), which dropped by 8%, and MANTRA (OM), experiencing a 7% decline.

Currently trending cryptocurrencies include Enjin Coin (ENJ), Solana (SOL), Ethereum (ETH), Dogecoin (DOGE), and Sui (SUI). Overall, the global cryptocurrency market capitalisation rests at $2.74 trillion, with a daily trading volume of approximately $67.54 billion. Additionally, insights into the future of Solana mean investors are curious whether SOL will reach $200 by June 2025.