Crypto Price Analysis 4-25: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, JUPITER: JUP, HEDERA: HBAR, FILECOIN: FIL

The crypto market continued consolidating recent gains, with the market cap registering a marginal increase during the past 24 hours. Markets were mixed as Bitcoin (BTC) and Ethereum (ETH) traded marginally lower, while other altcoins traded in positive territory. BTC maintained its position above $90,000 despite witnessing a brief wobble and dropping to $91,733. 

The flagship cryptocurrency rebounded to $94,233 before moving to its current level of $93,390. Meanwhile, ETH is marginally down, trading at $1,761 as it struggles to reclaim $1,800. 

Ripple (XRP) recovered from a low of $2.12, rising to $2.22 before moving to its current level of $2.18. Meanwhile, Solana (SOL) is up over 2%, having reclaimed $150 and trading at $151. Dogecoin (DOGE), Chainlink (LINK), Stellar (XLM), Toncoin (TON), Hedera (HBAR), Polkadot (DOT), and Litecoin (LTC) also registered notable increases. 

SEC Meets With Ondo Finance To Discuss Securities Tokenization 

The United States Securities and Exchange Commission (SEC) Crypto Asset Working Group met with representatives from Ondo Finance to discuss a regulatory framework for tokenizing publicly traded US securities. The meeting was also attended by lawyers from Davis Polk and Wardwell. The primary agenda of the meeting was to discuss how existing financial rules could apply to wrapped, tokenized securities on blockchain networks. According to an SEC memo, Ondo Finance outlined its proposed structure for tokenized securities and raised issues related to registration, broker-dealer compliance, market regulation, and state corporate law. The meeting also featured discussions about a potential sandbox arrangement or relief measures that could support innovation while ensuring investor protection. 

The SEC is also preparing to host its upcoming Crypto Task Force Roundtable today (April 25). The roundtable will focus on key considerations for crypto security and feature two-panel discussions: one on custody through broker-dealers and the other on custody for investment advisors and investment companies. 

US Bank Regulators Pull Back Guardrails On Crypto 

US banking regulators pulled back several key documents urging banks to show caution while engaging with cryptocurrency and related activities. The Federal Reserve stated it was withdrawing a pair of supervisory letters that stated banks must seek advance approval from regulators before engaging with crypto and stablecoin activities. The Federal Reserve also joined the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency in withdrawing statements urging banks to be vigilant around crypto-related risks. Under the guidance, banks were warned about volatility, legal uncertainty, and liquidity risks when providing crypto-related services or taking on crypto companies as clients. 

The removal of the guidance is the latest move by the Trump administration to adopt a more crypto-friendly stance. According to the statement announcing the changes, the Federal Reserve will look into whether issuing new guidance is appropriate. 

Coinbase Announces Partnership With PayPal 

Coinbase has announced a partnership with payment powerhouse PayPal to boost PayPal USD (PYUSD), a stablecoin pegged to the US dollar. Coinbase plans to boost stablecoin infrastructure and accessibility, and support seamless, no-cost conversion between PYUSD and USD. The integration allows individual traders and institutional players to utilize the stablecoin within Coinbase’s custody and trading platforms. 

“Coinbase and Paypal will not only enable simplified customer access to stablecoins but also make it easier than ever for millions of Paypal customers to bring their finances on-chain.”

The partnership will also utilize Coinbase’s technological and regulatory framework to enable zero-fee conversions for all customers. 

“As part of this effort, Coinbase will enable zero-fee USD-PYUSD conversions for retail and institutional customers.”

The partnership is part of a broader strategy to incorporate stablecoin capabilities across PayPal’s merchant ecosystem and enhance the speed and efficiency of digital payments. 

$7.25 Billion In Bitcoin Options Set To Expire 

Bitcoin (BTC) could face significant volatility triggered by $7.25 billion in options set to expire on April 25. However, analysts are unsure about the direction of this volatility. According to Marcin Kazmierczak, co-founder of RedStone, BTC has shown resilience compared to traditional assets in the face of growing economic uncertainty. 

“Tomorrow’s expiry looks particularly spicy, coming at a time when the market seems undecided about its next major move.”

A total of 32.7k put contracts and 44.93k call contracts will expire on April 25. The market value of the contracts is $24.20 million for puts and $127.82 million for calls. The gap between puts and calls, with calls outnumbering puts suggests markets are leaning towards a bullish outcome. Kazmierczak acknowledged that options expiry events contribute to substantial price swings, adding that if all contracts were exercised, their value would be $7.25 billion, a figure that could impact BTC. Kazmierczak believes smart money is preparing for a round of volatility. 

“Smart money is likely positioning for some dramatic swings, making this a perfect moment for both opportunity seekers and cautious investors to pay close attention.”

However, he highlighted the maturity of the crypto ecosystem, expecting long-term investors to capitalize on volatility and secure favorable entry points. 

“While we may face volatility around options expiries, the underlying fundamentals remain exceptionally strong, with stablecoin volumes, Bitcoin adoption, and real-world asset tokenization all showing remarkable growth trajectories.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) held firm above $90,000 despite facing selling pressure on Thursday after its rally lost momentum. The flagship cryptocurrency stalled around the $95,000 mark as sellers overwhelmed buyers, dropping to an intraday low of $91,678. However, the bulls were in no mood to cede ground, and the price rebounded to register a marginal increase and reclaim $94,000. Traders are optimistic about short-term gains as BTC remained above $90,000 after its rally despite profit-taking. Analysts from QCP Capital stated, 

“With BTC holding firmly above $90K, sentiment is becoming increasingly optimistic. Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside.”

An array of call options buying activity suggests traders are optimistic Bitcoin will cross $95,000 by late April or May. The analysts added, 

“Still, with macro risks temporarily subdued and trade tensions cooling, BTC is likely to consolidate in a narrow $90K–$94.5K range while awaiting a decisive push toward the elusive $100K mark.”

BTC is consolidating recent gains and gearing up for another move higher. The flagship cryptocurrency could cross $95,000 and reclaim $100,000, a level last seen at the end of January. 

BTC’s price action was bullish at the beginning of the week as it broke out of a narrow trading range to claim $90,000. However, price action was muted last week as buyers struggled to build momentum. The flagship cryptocurrency registered a sharp decline on Tuesday (April 15), dropping over 1%, slipping below the 50-day SMA, and settling at $83,703. The price recovered on Wednesday, registering a marginal increase and then rising 1.10% on Thursday to cross the 50-day SMA and settle at $84,596. BTC was back in the red Friday, dropping 0.52% to $84,518. However, it reclaimed $85,000 on Saturday after an increase of almost 1% and ended the weekend at $85,224 after a marginal rise on Sunday.

Source: TradingView

Bullish sentiment intensified on Monday as BTC started the week with an increase of almost 3%, surging past $87,000 and settling at $87,508. Bullish sentiment intensified on Tuesday as markets rallied. As a result, BTC soared nearly 7%, crossing $90,000 and settling at $93,389. The price encountered volatility on Wednesday thanks to selling pressure at higher levels. However, BTC registered a marginal increase despite selling pressure and settled at $93,744. BTC fell to an intraday low of $91,678 Thursday as sellers attempted to drive it below $90,000. However, bulls did not cede ground, and the price rebounded to register a marginal increase and settle above $94,000. The current session sees BTC marginally down as buyers and sellers struggle to establish control. With indicators suggesting bullish momentum, BTC is expected to resume its upward momentum and cross $95,000. Analysts expect the flagship cryptocurrency to cross $100,000.

Ethereum (ETH) Price Analysis

Ethereum (ETH) lost momentum after its rally on Tuesday and Wednesday after failing to cross the resistance at around $1,850. A break above this level could signal a potential rally if ETH can break out of its larger price structure. ETH registered a substantial rally on Tuesday to close above $1,700. It extended its gains the following day, reaching a high of $1,834. However, it failed to close above the daily resistance level and lost momentum. Ethereum is in one of its most challenging phases since its inception, with usage on its base layer plummeting and core metrics close to multi-year lows, prompting co-founder Vitalik Buterin to propose a radical overhaul.

Institutions have also dumped ETH, with supporters including Galaxy Digital and Paradigm slashing their holdings significantly.

ETH’s price action was relatively muted the past week, dropping 2.03% on Tuesday and almost 1% on Wednesday to settle at $1,577. Price action remained muted on Thursday and Friday as ETH registered marginal increases to settle at $1,588. Sentiment picked up on Saturday as the price rose 1.61% to reclaim $1,600 and settle at $1,612. However, ETH was back in the red on Sunday, dropping almost 2% to slip below $1,600 and end the weekend at $1,586.

Source: TradingView

ETH raced to an intraday high of $1,656 on Monday but lost momentum after reaching this level, settling at $1,579 after a marginal decline. Market sentiment changed on Tuesday, and ETH rallied, rising over 11%, crossing the 20-day SMA and $1,700 to settle at $1,757. ETH continued to push higher on Wednesday, briefly crossing $1,800 before settling at $1,796, ultimately registering an increase of over 2%. The price lost momentum after failing to overcome the resistance at around $1,850. As a result, ETH dropped 1.40% on Thursday and settled at $1,770. The current session sees ETH marginally up as buyers and sellers struggle to establish control.

If ETH can overcome this resistance and cross the 50-day SMA, it could cross $2,000, potentially rising to $2,100. A break above this level could propel ETH to $2,500, suggesting its corrective phase was over. However, if ETH fails to cross these levels, it could decline below $1,500.

Solana (SOL) Price Analysis

Solana (SOL) is attempting to overcome the overhead resistance, sitting between $150 and $155. The price has been trending upward since recovering from a drop of 2.48% last Tuesday. SOL recovered on Wednesday, rising over 4% to reclaim $130, cross the 50-day SMA and settle at $131. The price continued to push higher on Thursday, rising almost 3% to $134. Despite the positive sentiment, SOL lost momentum on Friday, dropping 0.57%. The price recovered on Saturday, rising over 4% to $139. However, selling pressure returned on Sunday as SOL fell 1.44%, ending the week at $137.

Source: TradingView

The price raced to an intraday high of $142 on Monday but lost momentum after reaching this level and settled at $136, ultimately registering a drop of almost 1%. Bullish sentiment returned on Tuesday as SOL surged nearly 9% to $148 as buyers set their sights on $150. SOL crossed $150 on Wednesday, rising 1.59% to $151. Sellers drove the price to a low of $145 on Wednesday as bears sought to establish control. However, SOL rebounded from this level to register an increase of 0.97% and settle at $152. The current session sees SOL up almost 2%, trading at $154. If sellers want to regain control, they must swiftly drive the price below $140. A drop below $130 could send SOL hurtling toward $110 or lower.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) posted a substantial rally this week, overcoming the 20-day SMA, which acted as a dynamic resistance level. DOGE registered a sharp drop last Tuesday but recovered on Wednesday, rising 1.05% to settle at $0.154. Price action was muted on Thursday as DOGE registered a marginal increase before rising almost 2% on Friday and settling at $0.157. The price lost momentum over the weekend, registering a marginal decline on Saturday before dropping 1.14% on Sunday to settle at $0.155.

Source: TradingView

DOGE started the week positively, rising over 2% to cross the 20-day SMA and settle at $0.159. Bullish sentiment intensified on Tuesday as the price surged over 12%, surging past the 50-day SMA and settling at $0.178. DOGE raced to an intraday high of $0.186 as buyers set their sights on $0.190. However, buyers lost momentum after reaching this level, and DOGE fell to $0.177, ultimately registering a marginal decline. The price plunged to an intraday low of $0.170 as sellers attempted to overwhelm buyers. Despite the selling pressure, DOGE rebounded from this level to register an increase of 2.53% and settle at$0.182. The current session sees DOGE marginally up as buyers and sellers struggle to establish control.

Jupiter (JUP) Price Analysis

Jupiter (JUP) has traded upwards since the middle of last week, when it recovered from a substantial drop of over 6%. Price action turned positive on Wednesday as JUP rose 1.88% to $0.362. JUP continued to push higher on Thursday, rising 1.41% and registering an increase of almost 2% on Friday to settle at $0.373. Bullish sentiment intensified on Saturday as the price rose over 6% to cross the 20-day SMA and settle at $0.397. However, JUP lost momentum on Sunday, dropping 1.33% to end the weekend on a bearish note at $0.391.

Source: TradingView

Buyers returned to the market as JUP started the week positively, rising over 3% to $0.403. Bullish sentiment intensified on Tuesday as the price surged over 9% and settled at $0.440. Buyers retained control on Wednesday as JUP attempted a move past the 50-day SMA, rising almost 3% to settle just short of the moving average at $0.453. JUP experienced selling pressure on Thursday as the price dropped to a low of $0.424. However, it rebounded from this level to register an increase of 1.06% and settle at $0.457. The current session sees JUP up almost 6%, having crossed the 50-day SMA and trading at $0.485.

Hedera (HBAR) Price Analysis

Hedera (HBAR) has surged in recent sessions, catching the attention of investors and analysts alike as it went past key moving averages and resistance levels. However, analysts point out HBAR is tapping into a familiar price structure that previously led to a substantial drop and advised caution. The high timeframe structure for HBAR remains bearish, with price action following a pattern of lower highs and lower lows.

HBAR registered a marginal increase last Wednesday as it began its latest uptick. The price rose over 3% on Thursday and settled at $0.163. HBAR crossed the 20-day SMA on Friday after registering an increase of 1.48% and settling at $0.165. Price action was mixed over the weekend as HBAR registered an increase of almost 1% on Saturday before dropping 0.93% on Sunday to settle at $0.165.

Source: TradingView

The current week began positively, as HBAR rose almost 3% and settled at $0.169. Buyers retained control on Tuesday as the price rallied nearly 7% to $0.181. HBAR rose to an intraday high of $0.190 on Wednesday. However, it lost momentum after reaching this level and dropped to $0.180, ultimately registering a marginal decline. Bullish sentiment returned on Thursday as HBAR rose 4%, crossing the 50-day SMA and settling at $0.188. The current session sees HBAR up over 4% as it tests a key resistance level and eyes a move past $0.20.

Filecoin (FIL) Price Analysis

Filecoin (FIL) has registered a substantial rally over the past few sessions. FIL’s upward trajectory began last week as it recovered from a bearish start. The price fell to a low of $2.32 last Thursday but rebounded on Friday, rising over 3% to $2.45. Bullish sentiment intensified on Saturday as FIL surged over 7%, crossing the 20-day SMA and $2.50 and settling at $2.63. Buyers retained control on Sunday as FIL registered a marginal increase to settle at $2.64. 

Source: TradingView

FIL faced selling pressure on Monday, falling to 1.55% to $2.60 after reaching an intraday high of $2.71. FIL plunged to an intraday low of $2.48 on Tuesday as selling pressure intensified. However, the price rebounded from this level, rising over 4% to settle at $2.71. Buyers retained control on Wednesday as FIL rose 2.33% to cross the 50-day SMA and settle at $2.78. FIL faced substantial selling pressure on Thursday, falling to an intraday low of $2.66. The price recovered from this level to register an increase of 2.60% and settle at $2.85. The current session sees FIL up almost 1% as buyers look to build momentum and push the price beyond $3.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.