14-4-2025 – In recovery from weeks of volatility sparked by a bruising tariff dispute between the United States and other global powers, the cryptocurrency market has staged a spirited resurgence. Over recent days, its total valuation has soared to $2.62 trillion, buoyed by a brisk 5% leap within a single trading session, signalling robust optimism among investors.
Ethereum, a titan among altcoins, has mirrored this upward trajectory, decisively breaching its key threshold of $1,600. This breakthrough has bolstered its market dominance to 7.21%, with a valuation now standing at $197.805 billion. Technical signals, including the Simple Moving Average and Relative Strength Index, are aligning for a potential bullish crossover in the four-hour chart, hinting that Ethereum could soon challenge its next hurdle at $1,800. Yet, should bearish forces regain control, a retreat to $1,500 remains a possibility, keeping traders on edge.
Bitcoin, the market’s bellwether, has reclaimed its perch above $84,000, propelled by a modest yet steady 1% intraday gain and a trading volume of $32.236 billion. Chart patterns reveal a series of higher lows over the past week, underscored by a pronounced wick in its latest candle—a telltale sign of fervent buying interest. The Relative Strength Index, teetering near a neutral zone in the four-hour frame, is poised for a bullish convergence with its trendline, suggesting buyers are gaining the upper hand. Should this momentum hold, Bitcoin could eye its next resistance at $88,000 in the coming days. However, a sudden shift to bearish sentiment might drag it back to $80,000, a level closely watched by analysts.
Not to be outdone, XRP has recaptured its verve, surging nearly 20% in value over the past week to hover confidently around $2. This rally has erased April’s losses, restoring the altcoin to levels last seen in mid-March. The Simple Moving Average continues to underpin XRP’s price, while the Relative Strength Index flirts with overbought territory in the four-hour chart, reflecting growing investor faith. If bullish winds persist, XRP could march towards $2.50, though heightened liquidations might see it slip back to $2 in the near term.
