Bitcoin Holds Above $93K After Impressive Rally Past $95,000, Ethereum Also Gains Ground

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.

The crypto market commenced last week with a total cap of $2.74 trillion and concluded on a stronger note at $2.95 trillion.

Also Read: Bitcoin Price Remains Above Key Moving Average As Trump Hints At Tax Cuts In Latest Post

The cryptocurrency market has been juggling the weight of new U.S. economic policies and an urgent plea from President Donald Trump for federal income tax cuts linked to trade tariffs.

The market sentiment, at the time of writing, is in the ‘Neutral’ zone with 51 points (out of 100). As per CoinMarketCap, the overall market fear and greed index stands at Neutral with 51 points.

At the time of writing, BTC dominance stands at 63.29 percent.

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 $1,560.61.

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.

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).

On the other hand, Ethereum 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.

Also Read: Bitcoin Price Up Despite Risky Moves By President Trump

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 in his latest post, tying the move to new trade tariffs imposed by the U.S. government. This statement might create ripples in the market today.

Bitcoin's trendline is heading towards $124,000, fueled by robust institutional demand and macro factors that are underpinning bullish sentiment.

Sathvik Vishwanath, CEO of Unocoin, pointed towards Bitcoin's resilience above the $93,000 level, suggesting that $94,600 could be the next breakout point.

Further optimism stems from regulatory clarity expected from the US SEC, which is crucial for facilitating broader crypto adoption.

Despite weekend volatility, Bitcoin, Ethereum, and other top coins held onto their gains. Among the best-performing altcoins were Pudgy Penguins and Walrus.