Crypto Market Update: Bitcoin Eyes $95K as Altcoins Show Mixed Signals (April 29, 2025)

The cryptocurrency market on April 29, 2025, reflects a blend of cautious optimism and consolidation, with Bitcoin (BTC) continuing its climb toward the $95,000 level and Ethereum (ETH) holding firmly above $1,800. While some altcoins exhibit promising momentum, others remain range-bound as traders await key technical breakouts.

Bitcoin (BTC) Approaches $95,000 on Strong Institutional Demand

Bitcoin is trading at $95,284, posting a 1.51% gain over the last 24 hours. The asset is facing stiff resistance near the $95K threshold, a psychologically and technically significant level. Despite this, continued inflows into spot Bitcoin ETFs suggest growing institutional interest, which could drive BTC toward the much-anticipated $100,000 milestone if current momentum persists.

Ethereum (ETH) Reclaims $1,800

Ethereum has risen 3.57% in the past day, now trading at $1,827.16. Reclaiming the $1,800 level signals a potential bullish reversal, although analysts highlight the $1,950 resistance as a critical barrier for further gains. A breakout above this level could spark renewed investor enthusiasm.

XRP Remains Steady at $2.30

XRP is holding steady at $2.30, gaining 0.88% over 24 hours. Investor sentiment has been supported by the recent approval of XRP futures ETFs, which has added legitimacy and trading volume to the asset. Traders are eyeing a potential breakout above current resistance levels that could fuel a broader rally.

BNB (Binance Coin) Consolidates at $602

BNB is trading at $602.75, with a slight 0.31% increase. The token continues to consolidate within a tight range, with the $620 level acting as a notable resistance point. A break above this level could signal a shift toward a new upward trend.

Solana (SOL) Eyes $150 Resistance

Solana is up 2.05%, currently priced at $149.19. The asset is once again testing the $150 resistance level, a key area to watch. If SOL manages to break above this zone, it may target $180, especially if the broader crypto market remains bullish.

Dogecoin (DOGE) Nears $0.18 in Consolidation Phase

Dogecoin has posted a 2.00% daily gain, now trading at $0.179. The asset continues to consolidate, with major resistance seen at $0.21. A decisive move beyond this level could initiate a strong upward push, potentially driven by retail enthusiasm and social media momentum.

Cardano (ADA) Climbs Toward $0.75

Cardano is showing signs of strength, up 2.72% to $0.7127. The next key resistance lies at $0.75—a breakout here could mark the beginning of a bullish phase for ADA, especially if on-chain metrics continue to improve.

Sui (SUI) Trades Volatile at $3.60

SUI is trading at $3.60, with a modest 0.84% gain on the day. The asset has experienced notable volatility, moving between intraday lows of $3.47 and highs of $3.64. Traders are closely watching the $3.90 level, which could indicate continued upward momentum if breached.

Market Sentiment: Cautiously Bullish

April 29’s crypto market reflects cautious bullishness. Bitcoin’s approach toward $95,000 and Ethereum’s steady recovery are providing confidence to investors. However, mixed altcoin performance highlights the need for vigilance, particularly around key resistance levels. As always, traders and investors are advised to monitor market developments closely, especially as volatility remains high