Crypto Week Ahead: Bitcoin Holds Strong Above $93K, Altcoins Gain Momentum Amid Market Optimism
The crypto market kicked off last week with a total cap of $2.74 trillion and ended on a stronger note at $2.95 trillion, driven by Bitcoin’s impressive rally past $95,000. Ethereum also gained ground, while DeFi volumes and stablecoin dominance remained steady. Market sentiment hovered in the 'Neutral' zone, but growing institutional interest, major ETF inflows, and hints of new U.S. economic policies kept traders upbeat. As Bitcoin holds firm above $93,000 and altcoins like Pudgy Penguins gain traction, the coming days promise more action and volatility.
Before we proceed further, readers should note that the overall crypto market and coin prices are extremely volatile. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future.
This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting. Investors are advised to do their research before taking any calls.
Crypto Prices Over The Past Week
Last Monday (April 21), the overall crypto market cap stood at $2.74 trillion. BTC price stood at around $87,000. ETH price stood at around $1,600.
A week later, the overall market cap rose to $2.95 trillion.
Check Out Top Crypto Prices Today
DeFi's total volume stands at $5.57 billion, at 9.01 percent of the total market 24-hour volume. In the case of stablecoins, the overall volume stands at $56.08 billion, at 90.74 percent of the total 24-hour market volume. As per CoinMarketCap, the overall market fear and greed index stood at ‘Neutral’ with 51 points (out of 100).
BTC dominance, at the time of writing, stood at 63.29 percent.
Over the past seven days, Bitcoin achieved a high of $95,480.48 (on April 25) and a low of $86,696.50 (April 21).
Ethereum, on the other hand, saw a high of $1,852.49 (April 27) and a low of $1,560.61 (April 22).
Crypto Events To Note
Bitcoin surged past $95,000 on Friday night for the first time in two months and is currently trading around $93,200, staying above key moving averages. US spot BTC ETFs also saw $3.06 billion in inflows last week, boosting market optimism. President Donald Trump hinted at potential federal income tax cuts linked to new trade tariffs, a move that could shake markets today.
Bitcoin’s uptrend could drive prices toward $124,000, with institutional demand and macro factors strengthening bullish sentiment. Sathvik Vishwanath, CEO of Unocoin, noted Bitcoin’s resilience above $93,000, suggesting $94,600 as the next breakout point.
Regulatory clarity from the US SEC will further boost crypto adoption. Despite weekend volatility, Bitcoin, Ethereum, and other top coins held strong, with select altcoins like Pudgy Penguins and Walrus among top gainers.
What Crypto Traders Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is trading range-bound between $93,000 and $95,000 as bulls and bears battle for control at higher levels. However, market sentiment remains positive, supported by robust Bitcoin spot ETF inflows, standing at $3.02 billion in the past week, reaching a 5-month high. Additionally, Ethereum ETFs logged their first net weekly inflows since February, suggesting a clear shift in institutional appetite for digital assets. If this trend continues, strong institutional demand could push Bitcoin towards the $100,000 milestone. Meanwhile, upcoming US and Euro GDP data next week may influence broader investor sentiment.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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