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Updated: April 21 – 2025
The cryptocurrency market experienced a sharp rebound, adding over $50 billion in value within 24 hours, largely fueled by a weakening U.S. dollar and strong technical momentum for Bitcoin. BTC reclaimed the $85,000 mark and approached resistance at $87,344, signaling renewed bullish sentiment among investors.
One of the key drivers behind the rally is macroeconomic pressure on the dollar, which has historically acted as a tailwind for crypto assets. A weaker USD often pushes capital into alternative stores of value, particularly Bitcoin and major altcoins. As of now, Bitcoin’s trajectory suggests a potential move toward the $90,000 threshold, provided it can break above the current resistance.
Among altcoins, Stacks (STX) stood out with a 13% gain, becoming one of the day’s top performers. Broader optimism also stems from developments in blockchain infrastructure, such as Vitalik Buterin’s proposal to upgrade Ethereum’s architecture for better scalability and efficiency.
This upward momentum could sustain if BTC breaks above key resistance levels, potentially lifting the total crypto market cap toward $2.85 trillion. Conversely, failure to maintain these gains might result in a retest of lower support zones, dampening the current optimism.
Investors should keep a close watch on macro trends, including U.S. inflation and interest rate expectations, which directly impact dollar strength. Crypto markets remain highly sensitive to these variables. As Bitcoin eyes $90K, short-term opportunities could arise—but so could risks if resistance levels hold. A cautious, technically aware approach is advised.
Source: BeInCrypto
