Fartcoin (FARTCOIN) has emerged as the new cryptocurrency growth story of 2025, defying macroeconomic pressures that have deflated many of the space&#8217;s major coins.



What happened: The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token soared 121%, becoming the second-highest cryptocurrency gainer in the last 30 days. FARTCOIN added over $600 million to its market capitalization in this period.



The performance dwarfs the returns of market giants like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), which rose 7.80% and 4.5%, respectively, over the month.



Notably, the growth came amid mounting fears of a recession, induced by President Donald Trump's <a href="https://www.benzinga.com/news/25/04/44893608/trumps-tariffs-add-financial-strain-for-new-parents-amid-rising-baby-gear-costs">sweeping tariff measures</a> against key trade partners.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44891685/gary-black-shares-polymarket-data-says-trump-tariffs-have-pushed-odds-of-2025-recession-to-57">Gary Black Shares Polymarket Data, Says Trump Tariffs Have Pushed Odds Of 2025 Recession To 57%</a>



Speculative interest in the coin has skyrocketed. According to Coinglass, Open Interest, or money locked in derivatives, <a href="https://www.coinglass.com/BitcoinOpenInterest">jumped</a> threefold over the last month to $567 million.



Social analytics firm LunarCrush highlighted how social mentions for the coin increased in the run-up to the price rise, indicating a link between social activity and price swings.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Last week, we highlighted the notable increase in social activity surrounding $FARTCOIN. Today, $FARTCOIN is the top price gainer among the top 100 cryptocurrencies (+22%). This is why tracking social metrics matters. <a href="https://t.co/lfKUIszcU6">https://t.co/lfKUIszcU6</a>&mdash; LunarCrush.com Social Data (@LunarCrush) <a href="https://twitter.com/LunarCrush/status/1914877136240042027?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Price Action: At the time of writing, FARTCOIN was exchanging hands at $1.16, up 14.91% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the memecoin has spiked 24%.



Photo Courtesy: alfernec on Shutterstock.com



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Fartcoin Soars 121% In A Month, Dwarfs Bitcoin, Dogecoin Amid Trump Tariff-Induced Economic Jitters

Leading cryptocurrencies rose alongside stocks on Tuesday on hopes that trade tensions between the U.S. and China would ease.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+5.39%</td><td>$93,035.20</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+11.94%</td><td>$1,771.73</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+12.27%</td><td>$0.1813</td></tr></tbody></table></figure>



What Happened: Bitcoin drove the surge, surpassing $93,000 for the first time since the first week of March.&nbsp;



The rest of the market followed suit, with Ethereum, which was previously immune to Bitcoin's advances, soaring nearly 12% in the last 24 hours.



Bitcoin's April gains shot up to 12.3%, a marked recovery from the 12% dip in the first quarter of 2025.



The rally hit bearish traders hard as nearly $516 million in short positions were wiped out in the last 24 hours.&nbsp;



However, if Bitcoin reversed to $90,000, over $677 million in bullish long bets were at risk of liquidation.



Bitcoin&#8217;s Open Interest lifted 12.18% in the last 24 hours to a new monthly high, while funds locked in Ethereum's futures contract soared 15%.



Interestingly, over 60% of Binance traders with open Bitcoin positions were betting against the leading cryptocurrency, according to the Long/Short Ratio.



The market sentiment dramatically shifted from &#8220;Fear&#8221; to "Greed," according to the Crypto Fear and Greed Index.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>Immutable (IMX)</td><td>+39.29%</td><td>$0.6469</td></tr><tr><td>Sui (SUI)</td><td>+22.66%</td><td>$2.69</td></tr><tr><td>Bonk (BONK)</td><td>+21.57%</td><td>$0.00001501</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.92 trillion, following an increase of 5.75% in the last 24 hours.



Stocks staged a sharp recovery on Tuesday. The Dow Jones Industrial Average rose 1,016.57 points, or 2.66%, to end at 39,186.98. The S&amp;P 500 jumped 2.51% to close at 5,287.76, while the tech-focused Nasdaq Composite gained 2.71% to end at 16,300.42.



The rebound came after U.S. Treasury Secretary Scott Bessent hinted at a <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44930495/wall-street-rebounds-ahead-of-tesla-earnings-dow-adds-1000-points-bitcoin-hits-91000-whats-driving-markets-tuesday">potential de-escalation in trade hostilities</a> with China during a JPMorgan-hosted event in Washington.



In other news, the International Monetary Fund <a href="https://in.benzinga.com/government/regulations/25/04/44926902/imf-slashes-us-growth-outlook-as-trump-tariffs-bite-raises-recession-odds-to-40">downgraded</a> its 2025 economic growth forecast for the U.S., citing Trump's tariff policies, while modestly raising its inflation forecast.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Influential cryptocurrency analyst Ali Martinez highlighted the zone between $95,600 and $98,290 as the next key resistance for Bitcoin.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> just hit $90,000, and based on on-chain data from <a href="https://twitter.com/intotheblock?ref_src=twsrc%5Etfw">@intotheblock</a>, the next key area of resistance is between $95,600 and $98,290! <a href="https://t.co/tYDjUmTCfH">pic.twitter.com/tYDjUmTCfH</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1914682321363505534?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another well-known chartist, going by the pseudonym CrediBULL Crypto, warned against premature celebration.



"Really going to depend on BTC here. A pullback soon and we will likely reject. If BTC keeps pushing, however, there&#8217;s a chance we will get through," the analyst said. "Well we are still right up against our supply zone- so can&#8217;t celebrate just yet.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Well we are still right up against our supply zone- so can&#39;t celebrate just yet. Really going to depend on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> here. A pullback soon and we will likely reject. If BTC keeps pushing however there&#39;s a chance we will get through. Note a rejection isn&#39;t anything to be scared of-… <a href="https://t.co/mEHS6PBDZa">https://t.co/mEHS6PBDZa</a> <a href="https://t.co/yliPEUsFpQ">pic.twitter.com/yliPEUsFpQ</a>&mdash; CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1914744641351524546?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Mc_Cloud on Shutterstock.com



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Bitcoin, Ethereum, Dogecoin Pump Along With Stock On US-China Trade War De-Escalation Hopes: Analyst Flags $95,600-$98,290 As BTC's Next Key Resistance

Electric vehicle juggernaut Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) reported losses on cryptocurrency investments in the first quarter on Tuesday, while its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) stash remained unchanged.



What happened: Tesla's balance sheet showed $951 million in digital assets, down 11.6% from the last quarter, according to the company's earnings report released after the market close.



The firm also reported a mark-to-market loss of $125 million on its cryptocurrency investments, compared to $347 million in gains in the fourth quarter of 2024.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44891685/gary-black-shares-polymarket-data-says-trump-tariffs-have-pushed-odds-of-2025-recession-to-57">Gary Black Shares Polymarket Data, Says Trump Tariffs Have Pushed Odds Of 2025 Recession To 57%</a>



Tesla does not publish a breakdown of its cryptocurrency holdings. However, on-chain analytics firm Arkham Intelligence <a href="https://intel.arkm.com/explorer/entity/tesla">suggests </a>that the entirety of their stockpile is made up of Bitcoin, worth almost $1.076 billion at the time of writing. Its hoard of 11,509 BTC remained unchanged from the last quarter.



Bitcoin closed the first quarter down roughly 12%, resulting in unrealized losses for Tesla. However, with the apex cryptocurrency regaining 13% in April, its current value, as indicated by Arkham, was higher.



Why It Matters: With the adoption of the <a href="https://www.benzinga.com/24/12/42502213/new-crypto-accounting-standards-from-todaywill-it-boost-bitcoins-corporate-adoption">new accounting standard for cryptocurrencies</a>, businesses can declare their holdings at market value and include them in net income.&nbsp;



Tesla's Bitcoin journey began in January 2021, when it first acquired $1.5 billion worth of the leading cryptocurrency.&nbsp;



Meanwhile, the Elon Musk-led company revealed a <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">revenue and earnings fall</a> in the first quarter, both of which missed analysts&#8217; expectations.



Price Action: At the time of writing, Bitcoin was exchanging hands at $93,315.25, up 5.62% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



Shares of Tesla surged 5.39% in after-hours trading after closing up 4.60% at 237.97 during Tuesday's regular trading session.&nbsp;



The TSLA stock ranked high on the quality score—a measure of the company&#8217;s operational efficiency and financial health—as of this writing. To see how it compares to Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the largest Bitcoin corporate holder, check out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="485" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22212559/Screenshot-2025-04-23-065441.png" alt="" class="wp-image-883109" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22212559/Screenshot-2025-04-23-065441.png 485w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22212559/Screenshot-2025-04-23-065441-300x84.png 300w" sizes="(max-width: 485px) 100vw, 485px" /></figure>



Photo Courtesy: Ink Drop On Shutterstock.com



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Elon Musk-Led Tesla Reports $125 Million In Unrealized Losses On Bitcoin After Top Crypto Drops 12% In Q1

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is trading 2.85% higher at $142.17 on Tuesday, extending its recent streak of gains and continuing to <a href="https://www.benzinga.com/money/how-to-buy-solana#:~:text=Make%20Your%20Purchase&amp;text=To%20complete%20the%20transaction%2C%20head,you%20would%20like%20to%20purchase.">outpace much of the broader crypto market</a>.&nbsp;



The token is now up 7.15% over the past week and 6.5% over the past month as institutional flows and retail speculation converge to drive momentum.



<h2 class="wp-block-heading">Galaxy Digital Rotates Into Solana</h2>



One of the most talked-about catalysts this week is Galaxy Digital's strategic portfolio shift away from Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and into Solana. According to blockchain data, Galaxy transferred 65,600 ETH—worth approximately $105 million—to Binance and withdrew 752,240 SOL, valued around $98.4 million, over the last two weeks.



The move follows recent commentary from Standard Chartered, which flagged a "structural decline" in Ethereum and slashed its year-end target for the asset, according to CoinDesk. In contrast, Solana's network activity and investor engagement continue to trend upward.



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Solana has also overtaken Ethereum in key usage metrics. According to Dune Analytics, decentralized exchange (DEX) volume on Solana exceeded $500 billion in the last three months, compared to less than $400 billion on Ethereum. Active addresses on the network now stand above 220 million, outpacing Ethereum's 80 million.



<h2 class="wp-block-heading">Retail Mania and Memecoin Surge</h2>



Adding to the buzz, the memecoin wave on Solana has reignited thanks to <a href="https://www.benzinga.com/money/fartcoin-price-prediction">the unexpected surge of Fartcoin</a>, which now trades above $1 and boasts a market cap north of $1 billion.&nbsp;



Speculators have rushed in, with trading volume rising and leveraged bets increasing across Solana-based platforms. While memecoins often carry high volatility and short-lived hype cycles, the spike in activity has drawn more attention to Solana's ecosystem and helped drive up transactional volume and visibility.



<h2 class="wp-block-heading">Technical Setup and Outlook</h2>



From a technical perspective, Solana's break above $140 has opened the door for a potential retest of recent highs in the $145–$148 range. Momentum indicators are firming, and on-chain flow remains positive. Solana is one of the stronger altcoin players in this cycle, especially amid concerns over Ethereum's scalability and Layer-2 fragmentation.



With investor sentiment shifting and market structure favoring fast, high-throughput chains, Solana appears poised to maintain its current trajectory—provided broader market conditions remain supportive.



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Solana Price Climbs As Galaxy Digital Swaps ETH For SOL And Memecoin Momentum Builds

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) is trading marginally higher Tuesday, up 0.05% to $2.10. While the token has slipped 2.75% over the last seven days and 12.21% over the past month, <a href="https://www.benzinga.com/money/how-to-buy-ripple-xrp#:~:text=To%20purchase%20XRP%20on%20a,your%20assets%20as%20the%20custodian.">investor interest appears to be stabilizing</a>—especially among institutions betting on XRP's relative strength against Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).



<h2 class="wp-block-heading">XRP Defies Retail Sell-Off With Strong Inflows</h2>



XRP investment products recorded $37.7 million in net inflows last week, according to CoinShares—placing the token just $1 million shy of Ethereum's year-to-date total and positioning it as one of the best-performing altcoins among institutional traders.



The resilience comes as <a href="https://www.benzinga.com/25/04/44837237/march-retail-sales-post-highest-surge-in-over-two-years-as-us-consumers-anticipate-tariff-jitters">stronger-than-expected U.S. retail sales figures</a> prompted $146 million in broader crypto outflows last week. The U.S. market, in particular, saw net outflows of $71 million, while Ethereum and Bitcoin products posted losses of $27 million and $6 million, respectively.



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XRP, by contrast, saw renewed momentum from the launch of Coinbase's XRP futures contracts and an uptick in network activity, with utilization approaching 70% late last week.



<h2 class="wp-block-heading">Technical Setup: XRP Range-Bound With Eyes on $2.18</h2>



Chart watchers are eyeing $2.18 as the next resistance level. XRP broke out briefly over the weekend, surging 4.3% in two hours to top $2.14 before retreating slightly. Support continues to hold at $2.06, with volume spikes confirming genuine buyer interest on dips.



Bollinger Bandwidth—a measure of market compression—has narrowed to its lowest level since October 2024 on the 4-hour chart, signaling volatility release. Whether that translates into a breakout or breakdown remains unclear, though rising long positions and a strengthening RSI suggest momentum is favoring bulls in the short term.



<h2 class="wp-block-heading">Macro Backdrop: Bitcoin's Strength Lends Altcoin Support</h2>



Bitcoin's surge above $88,000 continues to buoy sentiment across crypto, reinforcing its "digital gold" status amid global market instability. CoinDesk noted that BTC's breakout is lending support to assets like XRP, SOL, and ADA, which were previously weighed down by macro pressures and outflows from U.S.-based funds.



As <a href="https://www.benzinga.com/government/regulations/25/04/44903750/gold-price-soars-to-record-highs-eyes-best-2-month-rally-since-2011-on-blockbuster-etf-buying#:~:text=%22Gold%20has%20surged%20to%20new,banks%2C%22%20VanEck%20said%20Monday.">gold trades at record highs and the dollar weakens amid Trump tariff pressures</a>, digital assets are being viewed less as speculative trades and more as strategic hedges—further validating XRP's place in the current market rotation.



With XRP inflows accelerating and technical indicators flashing bullish signals, investors are watching for a decisive break above $2.18. A successful push through that level could set the stage for a move toward $2.29 in the coming sessions. A failure to maintain current support at $2.06, however, could lead to a retest of $1.99.



As institutional sentiment shifts and altcoin futures products gain traction, XRP's positioning as a high-liquidity, U.S.-accessible asset could give it an edge—especially if macro uncertainty continues to drive capital rotation across digital markets.



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XRP Holds Steady As Institutional Inflows Defy Broader Market Outflows

When the economy gets shaky and trust in banks starts to slip, people naturally look for alternatives. Lately, one of the most talked-about options isn't gold or real estate, but stablecoins.



At their core, stablecoins are digital currencies designed to keep a steady value. Unlike regular cryptocurrencies that can swing wildly in price, stablecoins are tied to assets like the U.S. dollar, making them a reliable store of value. That reliability is starting to matter more than ever.



Stablecoins are also unbound from the constraints that fiat currencies are exposed to. Imagine a freelancer getting paid from overseas — they often have to use remittance companies or crossborder payment services that either charge high fees or take days to settle. For them, stablecoins are a real lifeline. They're easy to use, don't require a bank account, and work around the clock, no matter where you are in the world.



What's more, there's no mountain of paperwork or approval process. Just download a digital wallet, and you&#8217;re in. That kind of open access is game-changing, especially for the billions of people still excluded from traditional banking systems.



USDT and USDC dominate the stablecoin space right now. Together, they move billions every day and are becoming more accessible across different blockchains. Another emerging class of stablecoins are yield-bearing stablecoins, led by Ethena and Level, that provide users with sustainable yield options in the face of widespread volatility.



Stablecoins are no longer just a crypto-native concept. They're rapidly entering the apps people already use every day. PayPal and Venmo now support stablecoin transfers. Nubank and Revolut are integrating stablecoins directly into their fintech interfaces. Even governments are taking notice—Thailand recently announced it will begin accepting stablecoins for certain forms of payment, signaling growing regulatory openness in Asia. This means users can now send global payments, remit funds across borders, and pay merchants without ever needing to understand how blockchain works.



For the first time, people can use borderless digital dollars inside products they already trust. Merchant adoption is accelerating too, Stripe supports stablecoin payments, and integrations with Apple Pay and Google Pay are on the horizon. With these channels in place, stablecoins are on the verge of becoming default digital money.



But while this benefits human users, it also lays the groundwork for something bigger: a fully AI-compatible currency layer.



Stablecoins started as a bridge between fiat and crypto. But their evolution, enabled by the rapid AI developments, could turn them into the coordination layer for the machine economy.



As autonomous AI agents increasingly participate in financial ecosystems, executing trades, managing supply chains, optimizing liquidity, they'll need access to currencies that are not only stable but programmable, interoperable, and instantly available across different asset classes and chains and backed by different types of assets.



AI manages volatility and uncertainty, but it thrives in stability, just like large language models become more effective when fed large clean datasets. Unlike human traders who might speculate on swings, AI agents are logic-driven. They prioritize efficiency, predictability, and risk minimization. That's why highly stable, on-chain currencies anchored in real-world value and verifiable in real time are quickly becoming critical infrastructure in the age of intelligent automation.



Having a stable, AI-compatible currency layer would mean entire industries will be able to transact autonomously with minimal exposure to volatility and using a wide variety of assets. AI agents could settle across jurisdictions without banking rails and real-world assets could be collateralized and algorithmically stabilized, unlocking new forms of programmable value.



Stablecoins are evolving into smarter, more flexible tools that could change how we interact with money, especially when the world feels anything but stable.

The Quiet Rise Of The World's New Money Standard

Cryptocurrency markets are trading higher on Tuesday, with Bitcoin reclaiming $91,000 on the back of the <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44917155/xrp-leads-ethereum-bleeds-as-crypto-investment-products-see-6-million-in-inflows">strongest institutional ETF inflows</a> since January.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$91,549.61</td><td>+5.4%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$1,704.37</td><td>+8.5%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$144.88</td><td>+7%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.16&nbsp;</td><td>+4.3%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.1723</td><td>+9.8%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001325</td><td>+7.4%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 80.2% and daily active addresses growing by 19.3%. Transactions greater than $100,000 are up from 5,571 to 8,839 in a single day. Exchanges netflows are down by 661.9%.</li>



<li>Coinglass data reports 108,998 traders were liquidated in the past 24 hours with the total liquidations at $348.20 million.</li>



<li>Glassnode data <a href="https://x.com/glassnode/status/1914689187736940885">shows</a> Bitcoin open interest increased from $28.5 billion to $30.7 billion over the past 24 hours.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44919277/xrp-solana-dogecoin-among-72-crypto-related-etfs-awaiting-sec-approval">XRP, Solana, Dogecoin Among 72 Crypto-Related ETFs Awaiting SEC Approval,</a></li>



<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44926052/bitcoin-reclaims-90000-is-digital-gold-heading-to-100000-next">Bitcoin Reclaims $90,000: Is &#8216;Digital Gold&#8217; Heading To $100,000 Next?</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44917155/xrp-leads-ethereum-bleeds-as-crypto-investment-products-see-6-million-in-inflows">XRP Leads, Ethereum Bleeds As Crypto Investment Products See $6 Million In Inflows</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44907123/ripple-coinbase-solana-among-crypto-firms-contributing-over-12m-to-trumps-inauguration-fund">Ripple, Coinbase, Solana Among Crypto Firms Contributing Over $12M To Trump&#8217;s Inauguration Fund</a></li>
</ul>



Top Gainers:



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Fartcoin (CRYPTO: FARTCOIN)</td><td>$1.07</td><td>+23.2%</td></tr><tr><td>Curve DAO Token (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/crv/usd">CRV</a>) </td><td>$0.6896</td><td>+18.5%</td></tr><tr><td>Immutable (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">IMX</a>)</td><td>$0.5565</td><td>+18%</td></tr></tbody></table></figure>



Trader Notes: Crypto trader ElonMoney warns that if Bitcoin fails to hold above $91,200 and slips below the 90-day Volume Weighted Average Price (VWAP), a drop toward the 7-day VWAP near $85,500 is likely.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> can't hold above 91,200 and drops back below the 90D VWAP, we're heading back down to test support at the 7D VWAP around 85,500. <a href="https://t.co/r5e6031tRI">pic.twitter.com/r5e6031tRI</a>&mdash; elonmoney.hl (@0xelonmoney) <a href="https://twitter.com/0xelonmoney/status/1914740718658105821?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto Chase <a href="https://x.com/Crypto_Chase/status/1914738989938221233">identifies</a> $93,500 as a potential distribution zone, noting that the recent sharp rally lacked liquidity sweeps or meaningful retests. 



He remains cautious, flagging the risk of a sudden reversal pointing out that up-only moves often precede down-only corrections, a pattern he's seen play out frequently in past cycles.



Analyst Benjamin Cowen <a href="https://x.com/intocryptoverse/status/1914728548243529792">highlighted</a> a classic Bitcoin pattern playing out around key moving average crosses: first a dump into the cross, followed by a countertrend rally once it completes. 



This familiar setup often serves as a shakeout before a short-term bounce trap late participant.



On-chain insights from CryptoQuant reveal that spot demand for Bitcoin continues to weaken, despite slowing its decline. 



The firm notes that demand momentum is now at its most negative level since October 2024, signaling underlying fragility. 



Without a turnaround in both demand and momentum, a sustained rally remains unlikely.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin spot demand is still falling, but not as fast. Demand momentum just hit its most negative level since Oct '24. Until both recover, sustained upside remains unlikely. <a href="https://t.co/qYx6pryfHC">pic.twitter.com/qYx6pryfHC</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1914747578173768134?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44928800/bitcoin-is-dependent-on-the-us-not-a-non-dollar-asset-peter-schiff-says">Bitcoin Is Dependent On The US, Not A &#8216;Non-Dollar Asset,&#8217; Peter Schiff Says</a></li>
</ul>



Image: Shutterstock

Bitcoin Reclaims $91,000, Ethereum, XRP, Dogecoin Ride The Rally – 'BTC Doing What It Always Does'

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) is up 4% on the day, sparking <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">renewed bullish sentiment</a> among traders, who call it the &#8220;safest bet of the cycle.&#8221;



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.16</td><td>$126.2 billion</td><td>+4.3%&nbsp;</td><td>+2.2%&nbsp;</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$91,520.52</td><td>$1.81 trillion</td><td>+5.5%&nbsp;</td><td>+8.4%&nbsp;</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$1,703.13</td><td>$205.7 billion</td><td>+8.1%</td><td>+5.5%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Javon Marks <a href="https://x.com/JavonTM1/status/1914683589402251326">says</a> XRP could still deliver a 50x return, pointing to a potential $111 target, based on prior-cycle behavior.



Trader Scient <a href="https://x.com/Crypto_Scient/status/1914645571278909812">notes</a> that XRP is flipping its monthly 50-day moving average for the first time in six years, a technical milestone that he says marks XRP as &#8220;probably the safest play&#8221; in crypto right now.



Veteran trader DonAlt echoed the bullish stance, labeling XRP one of the most compelling altcoin setups at current levels. It&#8217;s trading at range lows after sweeping prior support, a classic setup for a sharp reversal if broader market momentum continues.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> Still one of the most interesting altcoin charts out there Chilling at range low after having wiped out the lows before If this market upswing holds I&#39;d expect this to be amongst the best performers still <a href="https://t.co/MGI3XnjQlI">pic.twitter.com/MGI3XnjQlI</a>&mdash; DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1914704419393790309?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: According to Coinglass, XRP's derivatives trading volume has surged 20.3%, with open interest up 9.5% in the last 24 hours. Liquidations hit $5.6 million, with shorts accounting for $3.9 million, suggesting traders are unsure of XRP's near-term trajectory but bracing for volatility. &nbsp;



Community News: Adding to the bullish narrative, Coinbase Institutional has <a href="https://x.com/CoinbaseInsto/status/1914375353985831225">launched</a> CFTC-regulated XRP futures, offering professional investors a capital-efficient way to trade one of the market&#8217;s most liquid assets. The product recorded $51 million in day-one volume, a strong signal of institutional demand, digital asset enthusiast Bill Morgan stated in his X <a href="https://x.com/Belisarius2020/status/1914556359196234139">post </a>on Tuesday.



Read Next:&nbsp;



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44894713/xrp-jumps-4-what-is-going-on">XRP Jumps 4%: What Is Going On?</a></li>
</ul>



Image: Shutterstock

XRP Up 4%: Is It Really The 'Safest Bet Of The Cycle'?

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="681" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/22153428/traxer-4PljbcYIzyE-unsplash-1024x681.jpg" alt="" class="wp-image-11333" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/22153428/traxer-4PljbcYIzyE-unsplash-1024x681.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/22153428/traxer-4PljbcYIzyE-unsplash-300x200.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/22153428/traxer-4PljbcYIzyE-unsplash-768x511.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/22153428/traxer-4PljbcYIzyE-unsplash.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Bitcoin has been called many things: a revolution, a bubble, a hedge, a hoax. In 2025, the debate is still raging. But as inflation resurges through global tariff wars and currency instability, a more important question is surfacing: Is Bitcoin finally proving its worth—or is it still too volatile to be trusted?



For smart investors, the answer lies not in headlines but in fundamentals. It&#8217;s time to reassess what Bitcoin actually is, what it offers, and where it fits in a modern portfolio.



<h3 class="wp-block-heading">Bitcoin and the Inflation Equation</h3>



With inflation climbing again—fueled in part by import tariffs and ongoing global supply chain friction—investors are seeking ways to preserve their purchasing power. Traditionally, that meant shifting into assets like gold, commodities, or real estate. But Bitcoin's fixed supply and decentralized structure continue to draw comparisons to gold, especially among younger and more digitally native investors.



The pitch is simple: gold is physical scarcity; Bitcoin is digital scarcity.



But does it hold up?



<h3 class="wp-block-heading">Bitcoin vs. Gold: A New Kind of Store of Value?</h3>



Let's look at the numbers. Since its inception, Bitcoin has dramatically outperformed gold in total returns. But that performance has come with massive volatility. In 2022, Bitcoin fell nearly 65%, only to rally in 2023 and gain broader institutional attention in 2024.



As of mid-2025, Bitcoin&#8217;s price movements have moderated somewhat, but it&#8217;s still far from stable. That raises the question: Can something so volatile really be a safe haven?



In truth, Bitcoin isn't replacing gold—it&#8217;s offering an alternative store of value for a digital era. Unlike gold, Bitcoin can be transferred instantly, divided infinitely, and stored with zero physical footprint.



<h3 class="wp-block-heading">Institutional Confidence Is Building</h3>



What sets 2025 apart from Bitcoin cycles of the past is the growing institutional infrastructure supporting it:



<ul>
<li>ETFs from firms like BlackRock and Fidelity have normalized exposure</li>



<li>Custody solutions and insurance coverage have improved dramatically</li>



<li>Governments (even skeptics) are creating clearer regulatory frameworks</li>
</ul>



This institutional support doesn't just add legitimacy—it reduces friction. And for wealth managers seeking diversified inflation hedges, Bitcoin is becoming harder to ignore.



<h3 class="wp-block-heading">Where Bitcoin Fits in a Portfolio</h3>



Here's the key: Bitcoin isn't an all-or-nothing bet. The smartest investors in 2025 aren't allocating 50% of their portfolio to crypto. They&#8217;re treating Bitcoin as a non-correlated, asymmetric asset with long-term upside and a high risk tolerance.



Typical allocations range from 1% to 5% for most balanced portfolios—enough to benefit from growth, without jeopardizing stability.



The strategic value of Bitcoin lies in its blend of:



<ul>
<li>Scarcity (capped at 21 million)</li>



<li>Decentralization (immune to central bank policy)</li>



<li>Portability (cross-border liquidity)</li>
</ul>



<h3 class="wp-block-heading">What to Watch Going Forward</h3>



<ul>
<li>Macroeconomic shifts: Rising inflation or currency devaluation could drive more capital into Bitcoin</li>



<li>Regulatory moves: Clarity (especially in the U.S. and EU) may spark greater adoption</li>



<li>Technological improvements: Layer 2 solutions like the Lightning Network are improving transaction speed and cost</li>
</ul>



<h3 class="wp-block-heading">Final Thought: A Hedge, Not a Hero</h3>



Bitcoin isn't perfect. It's not a miracle cure for inflation or a replacement for traditional assets. But in 2025, it's becoming harder to call it irrelevant.



For investors looking to hedge against uncertainty while participating in digital innovation, Bitcoin offers a compelling case, not as a replacement for gold, but as a complement.



It might not be foolproof. But it's also not fool's gold.

Digital Gold or Fool's Gold? The Real Value Behind Bitcoin in 2025

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) are gaining momentum as Bitcoin surges past $90,000, fueled by the highest ETF inflows seen since January 2025. This resurgence is reigniting bullish sentiment across the <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">meme coin space</a>.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.1710</td><td>$25.5 billion</td><td>+6.6%&nbsp;</td><td>+9.4%&nbsp;</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00001300&nbsp;&nbsp;</td><td>$7.7 billion</td><td>+3.6%</td><td>+9.2%&nbsp;</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>&nbsp;$0.058410</td><td>$3.5 billion</td><td>+6.3%&nbsp;</td><td>+17.3%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto chart analyst Ali Martinez notes Dogecoin has reclaimed the $0.17 support level, a crucial zone. A breakdown could send DOGE to $0.06, but holding here sets the stage for further upside.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> needs to reclaim $0.17 as support! Failing to do so could open the door to a drop toward $0.06. <a href="https://t.co/WUHX4tuSk4">pic.twitter.com/WUHX4tuSk4</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1914613900470845786?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader Javon Marks <a href="https://x.com/JavonTM1/status/1914682618542449146">highlights</a> a bullish DOGE setup with higher lows forming and a breakout in progress.



With his previous target of $0.6533 still in play, he now sees potential for a 279% rally — possibly reaching as high as $1.25.



For Shiba Inu, Martinez points to a TD Sequential buy signal on the weekly chart, suggesting a rebound is imminent.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw">#ShibaInu</a> <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> may be gearing up for a major rebound, with the TD Sequential flashing a buy signal on the weekly chart! <a href="https://t.co/GHQRRm0Fqq">pic.twitter.com/GHQRRm0Fqq</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1914288758658056636?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Javon Marks also <a href="https://x.com/JavonTM1/status/1914688482007491035">identifies </a>a massive Inverse Head &amp; Shoulders pattern forming on SHIB, now entering its final phase. This setup targets a move to $0.000081, a 512% upside from current levels.



Statistics: Shibariumscan data shows daily transactions up from 4.38 million to 4.61 million in a single day. 



IntoTheBlock data shows large transaction volume increased 359.83%, while transactions greater than $100,000 spiked from 27 to 84 in a single day. Daily active addresses increased by 3.3%.



Dogecoin wallets holding 100 million to 1 billion DOGE are up from 99 to 106 currently over the past month, Bitinfocharts reported.



Community News: Ethereum co-founder Vitalik Buterin's <a href="https://x.com/Shibizens/status/1914284050904137853">proposal</a> to replace the Ethereum Virtual Machine (EVM) with RISC-V, a faster and more efficient virtual machine, could significantly benefit Shibarium. 



Since Shibarium is built as an Ethereum Layer-2, it would inherit these performance gains automatically, a major long-term tailwind for SHIB and other L2 ecosystems.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44846673/meme-coin-market-is-very-much-alive-can-dogecoin-shiba-inu-fartcoin-bounce-back">Meme Coin Market Is &#8216;Very Much Alive&#8217;: Can Dogecoin, Shiba Inu, Fartcoin Bounce Back?</a></li>
</ul>



Image: Shutterstock

Dogecoin Jumps 7%, Shiba Inu Up 4%: Is A Major Meme Rally Brewing?

After Monday&#8217;s broad-based sell-off — triggered by renewed pressure from President Donald Trump on Federal Reserve Chairman Jerome Powell, raising concerns over the integrity of central bank independence — Wall Street bounced back with strength on Tuesday, buoyed by upbeat signals from <a href="https://www.benzinga.com/earnings">the corporate earnings season.</a>



By midday in New York, major indices were up by nearly 3%, with all 11 sectors of the S&amp;P 500 trading in positive territory. Consumer discretionary stocks led the rally.



The Dow Jones Industrial Average surged over 1,000 points, breaking above the 39,200 mark, as bullish momentum swept across Wall Street. Only a few S&amp;P 500 stocks remained in negative territory.



At a JPMorgan-hosted event in Washington, U.S. Treasury Secretary Scott Bessent hinted at a potential de-escalation in tensions with China, further supporting risk sentiment.



Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged nearly 5% as investors looked ahead to the company's first-quarter earnings report, due after the closing bell.



In the bond market, after two sessions of rising Treasury yields, a modest pullback suggested some investors saw an opportunity to buy as long-dated yields neared the 5% threshold.



On the commodities front, gold briefly touched $3,500 per ounce overnight before retreating to $3,420 amid an improvement in equity market sentiment. Oil jumped 2.3%, with WTI crude reaching $64 per barrel, while copper gained 2.8%.



The cryptocurrency market also reflected a broader risk-on mood. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied 4% to $91,000, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) advanced more than 7% to $1,700.



<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg</td><td>1-day %</td></tr><tr><td>Nasdaq 100</td><td>18,321.10</td><td>+512.80</td><td>2.9%</td></tr><tr><td>Dow Jones</td><td>39,215.87</td><td>+1,045.46</td><td>2.7%</td></tr><tr><td>S&amp;P 500</td><td>5,297.34</td><td>+139.14</td><td>2.7%</td></tr><tr><td>Russell 2000</td><td>1,889.24</td><td>+48.92</td><td>2.7%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:10 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 2.7% to $527.95.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 3.9% to $392.14.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 3% to $446.20.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 2.7% to $187.68.</li>



<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 3.8%. </li>
</ul>



<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>



Stocks reacting to quarterly earnings included: 



<ul>
<li>General Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) up 4.8%</li>



<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) up 0.5%,</li>



<li>RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) down 8.7%</li>



<li>Danaher Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) up 6.6%, </li>



<li>Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) up 2.4%, </li>



<li>Moody&#8217;s Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) up 3%</li>



<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) up 8%</li>



<li>Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) down 13%</li>



<li>Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) up 14%. </li>



<li>Halliburton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) down 4.9%. </li>
</ul>



Shares of First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) soared 12% as the U.S. administration imposed tariffs up to 3,521% on solar imports from Southeast Asia. 



<h1 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Gainers</h1>



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Company</th><th>% Change</th></tr></thead><tbody><tr><td>Equifax Inc. </td><td>14.34%</td></tr><tr><td>First Solar, Inc. </td><td>12.35%</td></tr><tr><td>Pentair plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>)</td><td>9.59%</td></tr><tr><td>Invesco Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>)</td><td>9.17%</td></tr><tr><td>PulteGroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>)</td><td>8.30%</td></tr></tbody></table></figure>



Read Now: 



<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44926902/imf-slashes-us-growth-outlook-as-trump-tariffs-bite-raises-recession-odds-to-40">IMF Slashes US Growth Outlook As Trump Tariffs Bite, Raises Recession Odds To 40%</a></li>
</ul>



Photo: Shutterstock

Wall Street Rebounds Ahead Of Tesla Earnings, Dow Adds 1,000 Points, Bitcoin Hits $91,000: What's Driving Markets Tuesday?

Popcat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POPCAT</a>) and Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>) are benefiting from Fartcoin (CRYPTO: FARTCOIN) crossing the $1 milestone, with traders speculating they <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44919811/dogecoin-shiba-inu-struggle-as-fartcoin-surges-past-1">might mirror the latter&#8217;s rally.</a>



What Happened: Popcat and Bonk are up 25% and 9%, respectively, on the day.



Prominent trader Altcoin Sherpa highlighted Popcat&#8217;s promising chart structure, stating that he is considering adding to his position if a breakout confirms.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$POPCAT</a> I reentered this one yesterday, still love the chart. Never got filled on my lower orders but that&#39;s ok, you can always add on the way up. Haven&#39;t TP anything yet and potentially going to add to my position on a breakout. This chart looks a bit like Fartcoin on the break <a href="https://t.co/ne6e4cOYuQ">pic.twitter.com/ne6e4cOYuQ</a>&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1914609111607730650?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader Meta Gorgonite <a href="https://x.com/MetaGorgonite/status/1914641898938999188">echoed</a> this optimism, comparing Popcat to the initial stages of Fartcoin&#8217;s rally.



Trader CRG <a href="https://x.com/MacroCRG/status/1914604058033127673">highlighted</a> a 42-day base formation and a clean double bottom setup on Bonk.



It recently flipped the monthly open and is making a play to re-enter the daily Ichimoku cloud—a bullish technical signal. 



CRG is confident a breakout could be imminent if macro conditions remain constructive.



Meanwhile, Degengambleeh <a href="https://x.com/degengambleh/status/1914258510981800112">projects</a> Bonk could hit a $20 billion valuation in 2025, calling it a "easy hold" for meme coin believers.



Also Read: <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44846673/meme-coin-market-is-very-much-alive-can-dogecoin-shiba-inu-fartcoin-bounce-back">Meme Coin Market Is &#8216;Very Much Alive&#8217;: Can Dogecoin, Shiba Inu, Fartcoin Bounce Back?</a>



Why It Matters: Despite the optimism from some corners of Crypto Twitter, others remain cautious. 



Crypto trader ElonMoney <a href="https://x.com/0xelonmoney/status/1914258788430839864?s=46">argued </a>that the macro environment isn't conducive to a full-blown altseason just yet. 



With inflation still elevated and the dollar under pressure, retail appetite for speculative plays has remained muted.



He believes only the top 1% of altcoins may reclaim their former highs, while 99% could remain underwater unless macro trends improve.



TheDefiVillian, another trader, <a href="https://x.com/thedefivillain/status/1914352020124770762">agrees</a>. 



He continues to short altcoins, favoring a long position in Bitcoin while staying defensively positioned in alts. 



According to him, the altcoin market remains structurally bearish, and he expects that to persist.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44919811/dogecoin-shiba-inu-struggle-as-fartcoin-surges-past-1">Dogecoin, Shiba Inu Struggle As Fartcoin Surges Past $1</a></li>
</ul>



Image: Shutterstock

Are Bonk, Popcat About To Mirror The 500% Fartcoin Rally?

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) status as a non-risk asset is on shaky grounds, according to prominent critic Peter Schiff, who noted its high interdependence <a href="https://www.benzinga.com/government/regulations/25/04/44926902/imf-slashes-us-growth-outlook-as-trump-tariffs-bite-raises-recession-odds-to-40">with the U.S. economy</a>.



What Happened: In a <a href="https://x.com/PeterSchiff/status/1914421707487461746">post</a> on X on Monday, Schiff pushed back the idea of Bitcoin as a "non-dollar asset" or a hedge against the dollar, which assumes that BTC is outside U.S. influence. 



In reality, according to Schiff, the U.S. is arguably the gravitational center of Bitcoin today.



Schiff stated that Bitcoin is now intertwined with the U.S. economy and government more so than with any other nation, highlighting the amount of Bitcoin-related activity in the United States.



Notably, large institutional investors, such as BlackRock and Fidelity, are American.



Public mining companies are mostly U.S.-based and listed on U.S. exchanges. 



This makes Bitcoin dependent on U.S. monetary policy and the regulatory climate.



In the event of a U.S. recession or sharp market correction, Bitcoin will likely behave like other high-beta risk assets, rather than acting as a safe haven, Schiff stated.



Also Read: <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44906897/bitcoin-spikes-but-gold-surges-whats-driving-the-underperformance">Bitcoin Spikes But Gold Surges: What&#8217;s Driving The Underperformance?</a>



Why It Matters: In another <a href="https://x.com/PeterSchiff/status/1912234392564482342">post</a> on April 16, Schiff questioned the shifting narrative of Bitcoin advocates after Donald Trump took office, accusing them of reshaping their arguments to fit the current political mood, whether it&#8217;s fear of economic collapse or bullishness on institutional adoption.



Schiff's comments come on the heels of growing claims that Bitcoin is decoupling from traditional assets and could behave more like gold in future market cycles. 



Tom Lee of Fundstrat recently called Bitcoin a "non-dollar asset" poised to catch up with gold in performance, particularly after macro de-leveraging subsides.



Read Next:



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44901448/5-catalysts-that-could-drive-bitcoin-higher-bernstein">5 Catalysts That Could Drive Bitcoin Higher: Bernstein</a></li>
</ul>



Image: Shutterstock

Bitcoin Is Dependent On The US, Not A 'Non-Dollar Asset,' Peter Schiff Says

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Tuesday surged past the $90,000 mark for a 2.5% daily gain, as experts point to its growing perception as a safe-haven asset akin to &#8220;digital gold&#8221; amid a <a href="https://www.benzinga.com/25/04/44580634/bitcoin-is-digital-risk-not-digital-gold-asserts-peter-schiff">weakening U.S. dollar and market volatility</a>.



What Happened: The rally, which saw Bitcoin hit a high of $90,480, coincides with gold reaching new highs and U.S. equities sliding to tariff-era lows, prompting analysts to reevaluate the cryptocurrency's role in portfolio diversification.



Speaking with Benzinga, Tracy Jin, COO of MEXC, emphasized Bitcoin's resilience, noting that its tandem rally with gold signals a shift in investor perception. 



"Bitcoin's ability to post gains is reshaping investor perception," Jin said, highlighting its potential decoupling from risk-on assets. 



She suggested that persistent strength could drive institutional inflows in Q2, potentially pushing Bitcoin to all-time highs between $150,000 and $200,000, provided it holds support above $86,000-$87,000.



Katie Stockton, Founder of Fairlead Strategies, offered a more cautious outlook, maintaining a short-term neutral stance on Bitcoin despite its relief rally. 



"Bitcoin is extending its relief rally, clearing its 50-day MA," Stockton told Benzinga, but pointed to resistance between $88,200 and $88,800. 



She warned that the monthly stochastics' overbought downturn suggests the rally may be counter-trend, with support at $73,800 if momentum falters.



Alex Kuptsikevich, chief market analyst at FxPro, in a note sent to Benzinga, underscored Bitcoin's technical strength, noting its test of the 200-day moving average. 



"A breakout above this level could lead to acceleration," he said, adding that the crypto market's $2.76 trillion capitalization reflects recovering sentiment, with the sentiment index rising to 47, a high not seen since late March.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44922586/bitcoins-dual-role-could-propel-it-to-200000-standard-chartered">Bitcoin&#8217;s Dual Role Could Propel It To $200,000: Standard Chartered</a>



Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), meanwhile, traded up 1.5% at $1,650, hovering near key support at $1,550, according to Stockton, who remains intermediate- and long-term bearish on the asset. 



Other major altcoins, including XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), saw modest 1% gains over the past 24 hours. 



Liquidation <a href="https://www.coinglass.com/LiquidationData">data</a> showed $322.2 million in positions wiped out, with $184.55 million in shorts and $137.65 million in longs, reflecting heightened market volatility.



Jin also flagged unconfirmed rumors of Federal Reserve Chairman Jerome Powell's possible resignation as a potential driver of Bitcoin and gold's strength, alongside dollar weakness. 



She urged investors to monitor upcoming economic data and speeches from FOMC members and ECB President Christine Lagarde, which could sway broader market sentiment.



What&#8217;s Next: As Bitcoin consolidates above $90,000, analysts remain divided on its near-term trajectory but agree that its evolving narrative as a hedge against inflation and uncertainty could redefine its place in global finance.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44919277/xrp-solana-dogecoin-among-72-crypto-related-etfs-awaiting-sec-approval">XRP, Solana, Dogecoin Among 72 Crypto-Related ETFs Awaiting SEC Approval</a></li>
</ul>



Image: Shutterstock

Bitcoin Reclaims $90,000: Is 'Digital Gold' Heading To $100,000 Next?

After losing more than half its value for the year-to-date, sagging Ethereum (ETH) could be readying for a resurgence. 



On May 7th the number two blockchain's long-awaited Prague-Electra (Pectra) upgrade will leave the testnet and move to go-live. It promises to improve user experience, enhance network efficiency, lower gas fees and make life easier for institutions looking to bring assets and services into the DeFi ecosystem.



Removing barriers to entry for TradFi is crucial. Pectra accommodates bigger staking positions by reducing the need for multiple network nodes. With a less onerous process, Ethereum caretakers hope to create stronger liquidity lockups and an environment conducive to whale movement.



If institutional investors can reduce cost/effort and the overall user experience improves, on-chain activity should rise, lifting Ether's price in the process.&nbsp;&nbsp;



Or so the thinking goes. Will Pectra's improvements return ETH to its all time high of $4,700 –&nbsp;and beyond? Ethereum's post-upgrade price curve will be one of 2025&#8217;s crypto market metrics to watch.&nbsp;



<h1 class="wp-block-heading">Understanding Pectra</h1>



Ethereum's latest re-tooling activates 9 individual Ethereum Improvement Proposals (EIPs) wrapped together in two packages called Prague and Electra.&nbsp;



The EIPs in Prague focus on Ethereum's execution layer, while Electra's package of changes address the consensus layer. 



Together they build on previous attempts at enhancing network efficiency via <a href="https://ethereum.org/en/roadmap/danksharding/">‘danksharding,'</a> a mechanism for improving scalability, and <a href="https://ethereum.org/en/developers/docs/scaling/zk-rollups/">rollups</a>, which aggregate multiple transactions into a single batch for processing off-chain.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1000" height="743" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/20063916/statistic_id806453_ethereum-eth-usd-price-history-up-until-apr-18-2025.png" alt="" class="wp-image-11054" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/20063916/statistic_id806453_ethereum-eth-usd-price-history-up-until-apr-18-2025.png 1000w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/20063916/statistic_id806453_ethereum-eth-usd-price-history-up-until-apr-18-2025-300x223.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/20063916/statistic_id806453_ethereum-eth-usd-price-history-up-until-apr-18-2025-768x571.png 768w" sizes="(max-width: 1000px) 100vw, 1000px" /><figcaption class="wp-element-caption">ETH/USD price history YTD 2025 &#x7C; Source: Statista</figcaption></figure>



In the works for more than a year, Pectra will mark a milestone in the blockchain's ongoing roadmap and the biggest technical upgrade Ethereum&#8217;s caretakers have ever attempted.



<h1 class="wp-block-heading">Pectra's main features</h1>



<h2 class="wp-block-heading">More efficient staking</h2>



Ethereum's blockchain currently caps a single validator stake at 32 ETH. For bigger positions this forces the trading entity to run more validator nodes, adding operational cost.



Under <a href="https://eips.ethereum.org/EIPS/eip-7251">EIP-7251</a>, the maximum rises to 2048 ETH, addressing the needs of large stakers, staking pools, and validator operators by letting them harmonize up to 64 validators into one, streamlining management and reducing operational costs. The minimum threshold will stay put at 32 ETH to avoid penalising smaller operators and individuals.&nbsp;



At time of writing, Ethereum had over 1,062,847 <a href="https://beaconcha.in/charts/validators">active daily validators</a> –&nbsp;and the number keeps going up.



Too many can overwhelm the network with high computational and bandwidth demands, leading to congestion and higher gas fees.



<h2 class="wp-block-heading">Simpler and more secure</h2>



Pectra starts by improving the user experience for traders, DeFi users, and developers. <a href="https://eips.ethereum.org/EIPS/eip-7702">EIP-7702</a> will simplify multi-step DeFi trades by bundling several actions into a single transaction. It will also enable gas fee abstraction, which allows one user to ‘sponsor' (assume responsibility for) another user's gas fees.&nbsp;



A new feature called Privilege De-escalation will add more condition-met spending options to smart contracts, accommodating Ethereum's push to improve DeFi automation. <a href="https://eips.ethereum.org/EIPS/eip-2537#motivation">EIP-2537</a> will strengthen security by adding to the blockchain's zero-knowledge cryptography.



<h2 class="wp-block-heading">Improved network scalability</h2>



Pectra also takes Ethereum closer to full <a href="https://ethereum.org/en/roadmap/danksharding/">danksharding</a>, a method for speeding up communication between the base Layer 1 (L1) network and Ethereum's Layer 2 (L2) blockchains. A previous EIP, <a href="https://eips.ethereum.org/EIPS/eip-7594">EIP-7594</a>, enabled ‘proto-danksharding' and dramatically reduced L2 gas fees. It works by pulling data into &#8220;blobs&#8221; that only persist while actively needed, enabling more network operations to be processed in parallel.&nbsp;



<a href="https://eips.ethereum.org/EIPS/eip-7594">EIP-7594</a> will introduce a new protocol called PeerDAS which lets network nodes to perform operations using only a subset of blob data, allowing more data to be processed per block and freeing-up compute for more complex DeFi transactions – without degrading network performance or raising gas fees.



<h1 class="wp-block-heading">The takeaway</h1>



In a research note published last October, Galaxy's VP of research Christine Kim <a href="https://www.galaxy.com/insights/research/pectra-upgrade-and-other-eth-catalysts/">wrote that</a> L2-focused upgrades like Pectra &#8216;matter more&#8217; to Ethereum. 



&#8220;Improving UX, interoperability, decentralization, and security are likely to have the most effect on ETH's value as the revenue of Ethereum will likely be driven by user activity on L2s going forward.&#8221;



Pectra's go-live has been pushed back several times and the uncertainty around its timing hasn't helped ETH's steep Q1 descent.



Now that a firm date is in the diary, Ethereum — the backbone of DeFi — hopes to benefit from Pectra's promised uplifts to efficiency and flexibility. Traders hope it will mark the start of ETH's next bullish trend.

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