Daily Market Report – April 22, 2025
The cryptocurrency market displayed mixed momentum on April 22, with Bitcoin (BTC) posting a 1.37% gain to close at $88,367.23. BTC traded between a 24-hour low of $84,609.99 and a high of $88,874.00, showing strength as it approached key resistance levels. Ethereum (ETH), on the other hand, dropped 2.90% to $1,586.32, after reaching a daily high of $1,658.32 and a low of $1,539.00. Despite the pullback in ETH, market sentiment remains optimistic, with the Fear & Greed Index rising to 38 and 47, slight pivoting away from Fear into Neutral. Futures liquidations totaled $48.81 million, indicating heightened intraday volatility.
In derivatives positioning, traders remain slightly bullish on Bitcoin, with 50.34% of trades on the long side, while Ethereum showed a bearish tilt with 51.00% of traders positioned short. Altcoins saw selective breakouts, led by DR, which surged 51.00%. BDT followed with a 24.59% gain, and GUN rounded out the top three with an 18.17% increase.
On-chain data revealed that total value locked (TVL) across all blockchains held steady at $89.567 billion. Solana stood out, posting a 24-hour increase of 1.27%, continuing its recent DeFi strength. However, volatility among meme tokens was evident. LUCE initially surged to a $27 million market cap but later corrected to $14 million. TROLL more than doubled in value within 24 hours, reaching $5 million in market capitalization, while Moonshot-launched LUMO hit $8 million.
Regulatory developments took center stage, as over 70 U.S.-based crypto ETFs—ranging from blue-chip tokens to meme coins—remain under review by the SEC. Meanwhile, Paul Atkins officially assumed the role of Chairman of the U.S. SEC, a leadership change that could influence upcoming decisions on ETF approvals and broader crypto regulation.
Additionally, tokenomics announcements were made by two projects. Initia revealed a total token supply of 1 billion, with 5% allocated for airdrops. Sign disclosed a 10 billion total supply, with 12% designated for initial circulation, signaling their respective strategies for market entry and distribution.
Michael Crag
