Bitcoin Dominance Reaches Multi-Year Highs with $85K Surge, Altcoins Show Mixed Performance
Apr 14, 2025, 4:43 p.m.
7 sources
neutral
Bitcoin surged close to $85K with a notable 12.7% weekly increase, buoyed by favorable US CPI data and eased tariffs, reinforcing its dominance above 60% against altcoins. The rally came after recent volatility, including a recovery from a five‐month low of over $74K following geopolitical trade tensions. Meanwhile, altcoins exhibited divergent trends: SOL continued its steady climb toward $135 while TRX gained about 3% and ETH posted a modest rise above $1,600. In contrast, OM experienced a severe drop of over 90% at one point due to forced closures by centralized exchanges, and other altcoins like XRP, BNB, DOGE, ADA, TON, and LINK saw minor losses. Overall, while Bitcoin's strength signals robust demand and resilience in the market, the mixed altcoin performance and a $20 billion drop in total market cap from $2.9 trillion reveal a cautious and volatile trading environment.
BTC's momentum is driven by positive US economic data, easing trade tensions, and a strong technical recovery from recent lows, suggesting immediate bullish sentiment and potential longer-term gains amid ongoing volatility.
SOL's continuous gradual ascent toward $135 reflects steady buyer interest, indicating that while the token is benefitting from overall market recovery, broader volatility might moderate its immediate gains.
OM experienced a dramatic collapse of over 90% due to forced liquidations by centralized exchanges, leading to severe short-term negative pressure. This sharp decline is likely to affect investor confidence and impede any near-term recovery.
XRP's minor losses suggest a conservative outlook amid broader market fluctuations. The coin may continue with slight short-term pressure as investors reassess regulatory and market fundamentals.
BNB's slight decline reflects cautious market sentiment. Although the immediate impact is limited, short-term volatility could eventually be balanced by gradual recovery if broader trends turn positive.
DOGE is facing small declines, indicative of market indecision. Its speculative nature implies that it may experience temporary dips, though recovery could occur if retail investor sentiment improves.
ADA's slight losses mirror the general cautiousness in the altcoin market. In the short term, technical corrections might persist, but long-term fundamentals could support a gradual recovery.
TON is trading with minor losses, suggesting subdued performance amid market uncertainty. The immediate downside appears limited, with the potential for modest gains as market conditions stabilize.
LINK's minor losses reflect short-term pressure, yet its strong role in the DeFi and oracle sectors could contribute to a recovery over time as market fundamentals improve.
TRX's approximately 3% gain signals a short-term bullish rebound. Increased investor interest may sustain this recovery, although overall altcoin sentiment remains mixed.
ETH's modest gain of just over 1% indicates stable, incremental recovery. Its robust market fundamentals and ongoing network developments support a steady medium- to long-term climb, despite the prevailing cautious mood.
Sources
Bitcoin Dominance at Multi-Year Highs as BTC Flirts With $85K (Market Watch)
cryptopotato.com
14.04.2025 09:03
Bitcoin Surges and Retreats: Market Dynamics Shift
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Bitcoin Demand Rebounding, But Quant Says Don’t Call It A Reversal Just Yet
Bitcoinist.com
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