Bitcoin Price today April 29: The largest cryptocurrency in the world, Bitcoin, at 9 am, was negotiated at $ 94,662.19, up 1.16% in the last 24 hours, according to CoinmarketCap data.
In addition, Bitcoin market capitalization also increased, up 1.06% to 1.87 dollars, with a negotiation volume for the 24 hours recorded at $ 32.12 billion, according to data.
The price increase has probably been motivated by the Bitcoin (ETF) negotiated funds, institutional demand and favorable policies related to cryptography by the United States government under Donald Trump. In addition, the American state of Arizona envisages investments in a Bitcoin treasure, which could potentially influence other states towards the inclusion of digital assets in their financial strategies.
According to Alankar Saxena, co-founder and CTO of Mudrex, Bitcoin tests the area of $ 95,000 while positive institutional developments continue to stimulate feeling-that is to say a strategy adding $ 1.4 billion BTC to its participations and standard to project a record at $ 120,000 in the short term.
Crypto news: price of ether, solana, plus
The global market capitalization of the cryptocurrency amounted to 2.97 billions of dollars on Tuesday, up 1.59% compared to the day before. The total volume of market trade during the period also increased by 47.79% to 89.69 billion dollars, according to CoinmarketCap data.
Alex Kuptsikevich, chief market analyst at FXPRO, noted that the market capitalization of the crypto has an $ 2.97 billions of dollars since the end of last week. “The market has recovered to its 200-day mobile average, but hesitates to overcome it, as we see in the case of Bitcoin. The feeling in the markets is neutral. It seems that players prefer to move up with relatively long stops,” he said.
In addition, decentralized financing includes $ 6.31 billion or 7.03% of the total cryptography market, while the volume of all stablescoins is $ 83.77 billion or 93.40%. Overall, Bitcoin holds 63.37% of dominance among chips, a minor drop of 0.03% in the last 24 hours.
- The second largest crypto in the world by traffic, Ethereum is $ 1,795.46, up 1.29% compared to the day before, with a market capitalization of $ 216.76 billion and a commercial volume of $ 15.84 billion.
- On Ethereum, Kuptsikevich said that the token “has trouble resistance in the form of the 50-day mobile average almost $ 1,800 for the sixth day. In the past two years”, adding that it “accelerates the gains during the rupture above and facing a significant pressure below”.
- On Ethereum, Saxena estimated that it “shows strong signs of a rupture, whale entries increasing by 2,682%, signaling a potential movement towards the level of $ 2,000”.
- The Stablecoin attachment is $ 1, with a market capitalization of $ 148 billion and a commercial volume of $ 68.91 billion in the last 24 hours. It is the most exchanged crypto in the world.
- In addition, Donald Trump’s favorite Solana token is $ 147.52, with a market capitalization of $ 76.36 billion and a commercial volume of $ 3.67 billion in the last 24 hours.
- According to Coindesk’s research data, altcoins in the top 10 experienced a certain force while Ethereum supports more than $ 1,800, while XRP exceeds $ 2.28. But Solana, Binancecoin, Dogecoin and Cardano remain stuck below their respective resistances at $ 150, $ 610, $ 0.18 and $ 0.72. The volume of trading has increased with the domination of Bitcoin, and the ETFs made seven consecutive entries, which suggests that a huge escape is underway.
Bull Market works on Horizon for Crypto, Bitcoin?
According to Kuptsikevich, Bitcoin stabilizes nearly $ 94,500, “having completely returned to the consolidation levels observed in February before its sharp decline. The technical perspectives remain optimistic, with BTCUSD exchanging above its terms of 50 and 200 days.
According to Saxena, investors are now looking for a catalyst to supply a decisive movement towards the $ 100,000 mark. “The future macroeconomic data, including the reports of PCE, ISM and jobs, could provide the necessary momentum if they meet market expectations,” he said.
QCP Capital noted that the Bitcoin options market is currently dominated by call options with additional $ 95,000 prices for the end of April and May, which suggests that risk appetite remains solid.
Ark Invest by Cathie Wood predicts a “Haussier scenario” where Bitcoin could reach $ 2.4 million by the end of 2030 in the middle of the growing adoption of assets by institutions and sovereign funds. “BTC will reach $ 1.2 million in the benchmark scenario and $ 500,000 in the lowering scenario,” said ARK in its analysis, on the basis of total target market calculations (TAM), the penetration rate and the emission of the first cryptocurrency.
In addition, Citigroup plans that 2025 “could be a revolutionary year in the institutional adoption of blockchain technology, stablecoins being one of the engines”. He believes that the capitalization of the stables by 2030 could reach $ 1.6 billion in a basic case scenario and 3.7 billions of dollars in a bullish scenario.
He is not the only lender with an optimistic view, Standard Chartered Bank predicts that Bitcoin reaches a new ATH at around $ 120,000 in T2, 2025 and $ 200,000 by the end of the year.
Non-liability clause: The views and recommendations made above are those of individual analysts or brokerage societies, not mint. We advise investors to check with certified experts before making investment decisions.
