Bitcoin (BTC) exceeded the $ 88,400 mark on April 21, 2025, registering a 2.56% In the last 24 hours. This rally occurs in the midst of important recessions in global values ​​markets, highlighting Bitcoin’s evolutionary role as a possible coverage against macroeconomic instability.
The broader cryptocurrency market reflects Bitcoin’s positive impulse
The broader cryptocurrency market reflected the positive impulse of Bitcoin, with the capitalization of the global market increasing 1.73% to $ 2.74 billion. In particular, the batteries (STX) led the profits between the 50 main cryptocurrencies, climbing almost 10% to $ 0.7082, driven by a growing interest in the solutions of Bitcoin layer 2. Other significant winners included Decentraland (Mana), 5.17% to $ 0.3038 and Kaspa (Kas), which increased 8.07% to $ 0.0841.
On the contrary, some cryptocurrencies faced decreases. Dexe (Dexe) fell by 4.98% to $ 14.32, while the Theta Network (Theta) and EOS (EOS) fell by 3.71% and 3.39%, respectively. Onyxcoin (XCN) also experienced a 4.31%decrease, quoting to $ 0.0169.
Bitcoin’s performance and institutional interest
Bitcoin’s rise to $ 88,000 marks a significant rebound, especially taking into account the wider market volatility. This increase is attributed to a combination of factors, including a weakening of US dollar and a greater institutional investment.
The institutional interest in Bitcoin as a strategic asset is increasing. On April 21, 2025, Michael Saylor’s strategy acquired 6,556 Bitcoin for $ 555.8 million, which brought his total holdings to 538,200 BTC. Japanese investment firm Metaplanet also acquired additional 330 BTCcarrying your total holdings to 4,855 BTC.
Expert analysis: John Glover’s perspective
John Glover, Investment Director of LEDN and former Barclays managing director, provided information on Bitcoin’s trajectory using Elliott’s wave theory.
It suggests that Bitcoin is completing a correction of Wave 4, with support levels between $ 73,000 and $ 77,000. Glover anticipates a possible Wave 5 rally, which projects the price of Bitcoin to reach between $ 133,000 and $ 136,000. However, it warns that a closure below $ 73,000 could invalidate this upward perspective, which could lead to a decrease towards $ 62,500.
Traditional markets react to political uncertainty
In contrast to the resistance of the Cryptographic Market, the US stock markets. UU. They experienced significant decreases on April 21. The S&P 500 fell by 2.4% to 5,158.20, the Dow Jones Industrial Avenge fell 2.5% to 38,170.41, and the Nasdaq compound decreased by 2.6% to 15,870.90.
These recessions are attributed to the growing tensions surrounding the commercial policies of President Donald Trump and his criticisms to the president of the Federal Reserve, Jerome Powell. Trump calls for immediate interest rate cuts and suggestions to eliminate Powell have expressed concerns about the independence of Fed, further disturbing investors.
Bitcoin’s recent performance amid the volatility of the traditional market highlights its potential as coverage against economic uncertainty. As institutional interest grows and macroeconomic factors continue to influence investor behavior, Bitcoin role in the global financial panorama can become increasingly prominent.
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