TL;DR

Bitcoin holds steady around the $95,000 zone after a strong rally last week, while the TRUMP token plunges more than 7% following suspicious activity from the team behind it.
BCH leads the gains among the top altcoins in the market.
Overall, the crypto market remains stable, with a global capitalization close to $3.1 trillion.

Bitcoin (BTC) is currently consolidating around $95,020.88, following a solid rebound that took it from $84,000 to nearly $96,000 last week. This price stabilization is being interpreted by many analysts as a healthy pause after an impressive bullish momentum that reignited optimism across the crypto markets. Despite a slight 24-hour dip of -0.47%, bulls have successfully defended the critical $93,000 support level, suggesting that Bitcoin’s upward trend remains structurally intact.

Meanwhile, the TRUMP token, which recently gained attention due to a promotion involving a private dinner with the former U.S. president, has suffered a significant setback. New reports indicate that the development team has transferred large amounts of the token to exchanges, raising alarms about potential sell-offs. This has triggered a drop of over 7%, shaking the speculative excitement that had been building around the asset.

Mixed Altcoin Performance: BCH Takes the Lead

Across the altcoin landscape, performances are varied. Bitcoin Cash (BCH) stands out with a gain of more than 5.5%, now trading at $375. Analysts attribute this surge to renewed institutional interest and talks of integrations with payment platforms, which could further boost adoption and liquidity for the asset.

On the downside, major altcoins such as Solana (SOL) at $148.12 (-1.99%), XRP at $2.28 (-1.69%), Dogecoin (DOGE) at $0.1787 (-1.25%), and Cardano (ADA) at $0.7118 (-0.67%), have experienced moderate pullbacks. However, these corrections are seen as part of normal market behavior and have not disrupted their broader technical structures.

Ethereum And TRON Show Relative Stability

Ethereum (ETH) continues to show strength with a +0.94% daily increase, currently priced at $1,829.11. BNB is trading at $603.00 (-0.73%), maintaining its position despite recent selling pressure.

TRON (TRX) also remains relatively stable at $0.2456 (-0.40%), reflecting low volatility and strong support from its user base and ongoing ecosystem developments.

Overall, the total crypto market capitalization is holding steady just below $3.1 trillion, indicating a phase of calm rather than correction. For crypto advocates, this moment of consolidation is viewed not as a sign of weakness, but as a preparatory phase for a potential breakout, especially if Bitcoin can breach the $96,000 mark in the coming days.

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Filed under: News - @ April 29, 2025 1:26 pm