Tanya Abrosimova
Independent Analyst
- Bitcoin stays above $4,200, looks like the worst is over.
- Altcoins are mixed with Zcash the biggest winner.
The cryptocurrency market has stabilized after a short-lived recovery. The top-20 coins are mixed, though it is clear that the upside momentum has faded way for the time being. The total capitalization of digital assets in circulation increased to $137B from $135 this time on Thursday.
Bitcoin, the largest and the most popular cryptocurrency, has gained about 3% in recent 24 hours to trade at $4,269 by the time of writing. The coin is staying in a narrow range amid low trading activity.
Ripple's XRP is hovering at $0.3810, unchanged both on a daily basis and since the beginning of Friday. The second largest digital asset with market value $15.3B stalled on approach to $0.40 handle, amid lack of bullish catalysts that might have pushed it higher.
Ethereum is changing hands at $118.9 at the time of writing, off the Asian high of $119.77. ETH needs to clear $120 handle to improve the short-term technical picture, however, the upside momentum is nowhere to be seen as of yet.
ZCash is the biggest winner today. The coin has gained over 12% since this time on Thursday to trade at $88.71 at press time. Now it takes the 19th place in cryptocurrency rating.
What's going on in the crypto universe
Mohammed El Erian thinks its too early to pull the plug on cryptocurrencies
Tron plans to launch a blockchain-based gaming fund
South Korea makes a U-turn with its cryptocurrency policy
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Bitcoin Weekly Forecast: BTC remains calm before a storm
Bitcoin price has been consolidating between $85,000 and $88,000 this week, approaching the lower boundary of the consolidation range when writing on Friday. A K33 Research report explains how the markets are relatively calm and shaping up for volatility as investors absorb the tariff announcements.
Donald Trump’s tariff policies set to increase market uncertainty and risk-off sentiment
US President Donald Trump’s tariff policies are expected to escalate market uncertainty and risk-off sentiment, with the Kobeissi Letter’s post on X this week cautioning that while markets may view the April 2 tariffs as the "end of uncertainty," it anticipates increased volatility.
Ethereum Price Forecast: Whales increase buying pressure as developers set April 30 for Pectra mainnet upgrade
Ethereum developers tentatively scheduled the Pectra mainnet upgrade for April 30 in the latest ACDC call. Whales have stepped up their buying pressure in hopes of a price uptick upon Pectra going live on mainnet.
BTC stabilizes while ETH and XRP show weakness
Bitcoin price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders. However, Ethereum and Ripple show signs of weakness as they face resistance around their key levels and face a pullback this week.
Bitcoin: BTC remains calm before a storm
Bitcoin (BTC) price has been consolidating between $85,000 and $88,000 this week, approaching the lower boundary of the consolidation range when writing on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.