Crypto Market Records Strong Activity as Bitcoin Surges Past $94,000

The crypto market recorded strong activity on April 26, 2025, as Bitcoin surged past $94,000. Trading at $94,359, Bitcoin maintained a market dominance of 63.3%

The crypto market displayed strong activity on April 26, 2025, as Bitcoin surged past $94,000.

Now trading at $94,359, Bitcoin maintained a market dominance of 63.3%, while ether followed with a price of $1,808 and a 7.4% dominance rate.

Overall crypto market capitalization reached $2.96 trillion, alongside a 24-hour trading volume of $100.47 billion.

Daily Summary on April 26, 2025$BRETT $VIRTUAL $TRUMP $SUI $WIF $BTC $ETH $ALPACA $SUI $TRUMP#dailysummary #DeFi #Crypto pic.twitter.com/65UzOsnOaQInvestor sentiment strengthened during the session, as the Fear and Greed Index recorded a score of 56, signaling a “Greed” environment. The index stood at 49 a day earlier and 42 one week ago, showing a consistent upward trend in market emotions.

The derived trading trends showed an inclination towards short-selling options. Sophisticated shorts were 51.07% compared to 48.88% for longs. For instance, long donations constituted about 48.33% of the total activity on Binance, suggesting that gains were despite the existing conservative trader stance.

The data suggested that while the spot market witnessed price increases, derivatives traders approached with more balanced positioning, possibly preparing for potential volatility.

DeFi TVL and Ethereum Gas Fees Remain StableTransaction volumes on DeFi-related products held rather stable. The total value locked across all the DeFi platforms was $173.77 billion, indicating that DeFi is still robust to fluctuations in the market.

Ethereum gas fees were recorded as 1 GWEI in the same period, signifying that the network was not congested. This indicated that there were low transaction fees, which fueled active network traffic were within reasonable levels.Several altcoins posted rebounds during the trading session.

BRETT led the recovery list, jumping 108.16% after experiencing a minor decline of 2.55%. VIRTUAL followed closely with a 94.82% rebound. TRUMP posted a 92.66% recovery after a previous dip of 5.61%.

Other assets experienced moderate recoveries. After previous price corrections, SUI rose by 67.05%, while WIF rebounded by 67.30%. These rebounds occurred despite prior downturns, reflecting active repositioning by market participants across different altcoin sectors.

Liquidations Highlight Market VolatilityMajor liquidation activity accompanied the market’s overall gains. Bitcoin recorded the highest liquidation figure over the past 24 hours, totaling $83.34 million. Ethereum followed with $52.12 million in liquidations.

The trading activity led to $14.41 million in liquidations involving altcoins in the ALPACA and $12.72 million in SUI. During the week, TRUMP liquidated positions worth $9.45 million. These figures showed that the leverage traders were experiencing high levels of trading fluctuations and rapid price changes.