Bitcoin Poised For All-Time High As Crypto Market Grows 1.49%
The global cryptocurrency market has seen a positive shift, with the total market capitalization rising by 1.49% to reach US$2.97 trillion. This increase highlights growing investor optimism across major cryptocurrencies.
Bitcoin (BTC) remains a dominant force in the market, trading at US$94,911.50, up by 1.51% over the past 24 hours. Ethereum (ETH) also posted solid gains, rising 1.71% to US$1,801.38. Other notable performers include Solana (SOL), which increased by 1.50% to US$148.13, and AITECH, which surged by 8.92% to US$0.03488.
In the altcoin space, Virtual (VIRTUAL) saw an impressive 39.50% jump, reflecting growing interest in lesser-known tokens.
Meanwhile, on the decentralized exchange front, Grassito/SOL recorded an extraordinary 435% rise, signaling strong market activity and investor engagement in alternative assets.
As per the latest sentiment data, the Fear & Greed index sits at 53, indicating a neutral market outlook. The “Altcoin Season” index stands at 19, suggesting that Bitcoin is currently the market leader, although altcoins are gradually gaining traction.
Looking ahead, Standard Chartered Bank forecasts Bitcoin could reach an all-time high in the second quarter, further fueling market optimism. Additionally, ProShares is set to launch XRP Futures ETFs on April 30, marking a significant milestone for the crypto space.
With a mix of positive sentiment and strong performances across the board, the cryptocurrency market is showing resilience and growth potential as it navigates the start of the second quarter of 2025.