Tuesday, April 22, 2025
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Bitcoin, Dogecoin Up, Ethereum, XRP Flat On Slow Monday Start

Cryptocurrency markets ticked higher on Monday as Bitcoin’s performance drew attention from commentators eyeing a shift in macro sentiment.

Cryptocurrency Price    Gains +/-
Bitcoin BTC/USD $86,937.92 +2.8%
Ethereum ETH/USD $1,572.74 -0.5%
Solana SOL/USD $135.64 -0.6%
XRP XRP/USD $2.07 +0.8%
Dogecoin DOGE/USD $0.1570 +1.9%
Shiba Inu SHIB/USD $0.00001236   -1%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 11.3% and daily active addresses falling by 10.3%. Transactions greater than $100,000 are down from 6,794 to 5,571 in a single day. Exchanges netflows are down by 29.9%. 90% Bitcoin holders are in profit.
  • Coinglass data reports 102,563 traders were liquidated in the past 24 hours for $278.19 million.
  • Crypto chart analyst Ali Martinez highlights Bitcoin ETFs recording consistent outflows over the past 40 days.

Notable Developments:

Top Gainers:

Cryptocurrency Price    Gains +/-
Stacks STX/USD $0.7077 +13.2%
Kaspa KAS/USD $0.08359 +8.3%
Fartcoin FARTCOIN/USD $0.8789 +6.6%

Trader Notes: Crypto investor and entrepreneur Ted Pillows pointed out that Bitcoin is catching up with gold’s rally, while the S&P 500 continues to trend lower, suggesting that Bitcoin has started to decouple from equities.

He believes this signals the start of a meaningful Bitcoin rally from current levels.

$BTC is now catching up with Gold rally.

The S&P 500 is still going down, which shows that BTC has started to decouple.

I think we could see a good BTC rally from here. pic.twitter.com/Qri9GHysFJ

— Ted (@TedPillows) April 21, 2025

Nebraskangooner observed that Bitcoin is front-running his resistance level, but a sharp intra-day sell-off has made the price action look weak. Whether this marks a local top or just a pause depends on how the daily candle closes.

Kevin highlighted Bitcoin’s strong rejection at $88,500, which occurred right after Dave Portnoy tweeted that Bitcoin has officially decoupled from the stock market—adding an ironic twist to market sentiment.

Has crypto actually decoupled?

— Dave Portnoy (@stoolpresidente) April 21, 2025

Meanwhile, Seth, a widely followed crypto trader, reiterated his long-standing thesis that Bitcoin bull markets typically consist of three green annual candles. So far, the market has printed only two in this cycle, and he believes 2025 still has more to give.

Read Next: 

Image: Shutterstock

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