INSUBCONTINENT EXCLUSIVE:
The cryptocurrency market is experiencing a significant surge this morning, with the total market capitalization reclaiming the $3 trillion
mark for the first time since March 7, 2025.Bitcoin has broken out of its sideways channel and is approaching the $95,000
Bitcoin is currently trading at $93,685.58, up 6.26% in the last 24 hours, with a market cap of $1.86 trillion.Ethereum has surged 13.72% to
$1,796.85, approaching the critical $1,800 level
Most altcoins are following this upward trend, with several showing extraordinary performances:SUI: $2.9144 (+29.98%)DOGE: $0.1820
(+12.99%)SOL: $151.62 (+8.98%)XRP: $2.2308 (+7.4%)ETH: $1,796.85 (+13.72%)SHIB: $0.00001376 (+11.24%)ADA: $0.6942 (+10.93%)The most
extraordinary performers include:HYPER: $0.2872 (+5644%)ZEREBRO: $0.07890 (+191.14%)TURBO: $0.004200 (+78.8%)ALCH: $0.2077 (+42.72%)Bitcoin
Breaks Out: BTC Surges to $94K, Smashing Resistance Levels
increase in trading volume across major exchanges
This surge was supported by substantial inflows into Bitcoin ETFs, with a net inflow of $912.7 million recorded on April 22 alone.The
technical outlook for Bitcoin strengthened as the RSI reached 68, indicating bullish momentum while remaining below overbought territory
The MACD showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum.Bitcoin ETF
Bitcoin ETFs bought 10,000 Bitcoin today (vs
Bitcoin ETFs bought 4,500 Bitcoin yesterday (vs
significantly outpacing the new supply being mined
ETH has now recovered 28% since its dip to $1,400 on April 9.Solana gained strength with new ETF listings in Canada that include staking
capabilities.Dogecoin surged 12.99%, with analysts suggesting a potential breakout from a falling wedge pattern.Sui was one of the biggest
gainers yesterday with a 23% pump, continuing its momentum today with another 29.98% increase.Regulatory DevelopmentsXRP is facing new legal
challenges as the Oregon Attorney General has labeled it an unregistered security
unregistered securities, Oregon Attorney General Dan Rayfield sued Coinbase
been sworn in as the 34th chairman of the U.S
Securities and Exchange Commission (SEC), potentially signaling a more crypto-friendly regulatory climate than his predecessor Gary
22, indicating growing miner confidence
Active addresses on the Bitcoin network also saw a 5% increase to 1.2 million, suggesting heightened user engagement.Corporate AdoptionDeFi
Development Corporation (formerly known as Janover) has significantly changed its crypto treasury strategy by adding 88,164 Solana tokens
valued at $11.5 million, increasing its overall Solana holdings to $34.4 million
confined it between $83,000 and $86,000
The cryptocurrency appears poised to test resistance just above $95,000
The strong performance today could signal a shift in momentum for the second-largest cryptocurrency.Chart AnalysisThe attached chart shows
The price is riding the upper Bollinger Band, indicating strong bullish momentum.Key support levels are now at $90,183 and $88,643, while
immediate resistance is at $94,977
The moving averages are aligned bullishly, with the 50-period and 200-period averages sloping upward, confirming the current
uptrend.ConclusionThe cryptocurrency market is showing strong signs of recovery after weeks of consolidation
With Bitcoin leading the charge and altcoins following suit, the market seems to be entering a new phase of bullish momentum.This trend is
driven by strong institutional inflows, improving macroeconomic conditions, and positive technical indicators.
