Source: Brookings Institution
After rising the previous day to the $93,000 stance, on April 24, 2025, Bitcoin opened at this rate of price consolidation. While Bitcoin retained 63.55% dominance across the crypto market, it dropped 0.78% to $92,410.81 between 9:30 AM to 9:30 AM, with its market cap at $1.83 trillion and trading volume at $37.7 billion. Analysts note that macroeconomic indicators remain something to watch as geopolitical and economic elements weigh on market attitudes.
Experts insights
Bitget Research’s chief analyst Ryan Lee has a more cautious stance. Bitcoin’s surge to $93,000, he said, was driven by speculation that thawing trade tensions would boost economic growth markets, though this year’s rewards for that bet may have already been cashed in, now hitting a wall somewhere near $91,275 — the dollar amount that represents the average cost basis for short-term holders. Singleton trades profit as traders race to recover. But the recent price increase might not entirely reflect bullish sentiment in derivative markets, according to Lee, who pointed to muted futures premiums and neutral options skews. He advised investors to “closely monitor macroeconomic indicators and market liquidity, as these factors will likely influence Bitcoin’s near-term trajectory”.
But some were more optimistic. Piyush Walke, Derivatives Research Analyst at Delta Exchange feels that Bitcoin is “currently consolidating its recent gains and appears poised for another move higher, potentially surpassing the $94,000 mark in the near term.”
Edul Patel, Co-founder and CEO of Mudrex, also weighed in on Bitcoin’s short-term outlook. Following a strong 12% rally earlier in the week, Bitcoin held steady around $93,500.
Patel said “Looking ahead, US jobless claims data due later today could influence short-term sentiment. Bitcoin now faces resistance at $96,300, with immediate support at $91,700.”
Avinash Shekhar’s Geopolitical Concerns: Avinash Shekhar, CEO of Pi42, pointed out that geopolitical factors, such as the U.S. President Donald Trump’s stance on China tariffs, could influence Bitcoin and other cryptos. He warned that these factors might reverse bullish momentum.
According to Shivam Thakral, the CEO of BuyUcoin,
“As per the data from Glass Node, US Bitcoin ETFs registered record inflows of nearly $1 billion on April 22, 2025, which shows renewed interest from institutional investors. This bullish momentum will create a strong foundation for BTC’s next rally, and it may retest its all-time high.”
Broader Cryptocurrency Market Trends
At 9:40 AM on April 24, other major cryptocurrencies had also slightly fallen. The total cryptocurrency market capitalization was $2.9 trillion, a decrease of 0.92% for the last 24 hours, according to data from CoinMarketCap. Ethereum (ETH), ranked by market capitalization, was quoted at $1,763.11 with a market value of $212.83 billion and trading volume of $20.01 billion. At the same time, Solana (SOL) had a price of $148.02 and a market cap of $76.57 billion, with trade volume of $4.6 billion. At the same time, the stablecoin Tether(USDT), pegged to the US dollar, also traded at $1, market cap $145.65 billion, with a trading volume of $83.47 billion.
CoinDCX Research Team also pointed out that Donald Trump’s official meme coin $TRUMP presented “massive bullish candles” $TRUMP soared dramatically following Trump’s announcement that he will meet with crypto industrialists. The $TRUMP token jumped 60% to $11.99 (+27.80%), achieving a cap of $2.39 billion and trade volume of $4.85 billion.
Shekhar’s Warning on Market Conditions
Shekhar added, Bitcoin has a reserved uptrend, but with geopolitics and macroeconomic repositions, the trend is closer to walking thin ice… As optimism mounts, the road forward calls for monitoring resistance levels and wider market signals as the next phase emerges. Traders are exercising caution, weighing short-term profits against long-term viability. Any geopolitical and macroeconomic factors worldwide could rapidly reverse the current bullish momentum.”
