2025-04-17 20:59:41 by Benzinga

Cryptocurrencies are trading slightly up on Thursday as traditional financial markets closed out a low-volatility week. CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD $85,070+0.9%Ethereum ETH/USD $1,585+0.6%Solana SOL/USD $134.8+2.2%XRP XRP/USD $2.07-1.0%Dogecoin DOGE/USD $0.1565+1.6%Shiba Inu SHIB/USD $0.00001177+0.6%Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 21% and daily active addresses falling by 1.6%. Transactions greater than $100,000 are down from 9,765 to 9,314 in a single day. Exchanges netflows are up by 52.8%. Coinglass data reports 70,013 traders were liquidated in the past 24 hours for $138.74 million. Notable Developments: Bhutan Flexes Hydropower For Bitcoin Mining, Explores Sale Of ‘Green’ Coins Millennium Management’s Bitcoin And Ethereum ETFs Purchased In Q4 Suffer $22.7 Million Loss Amid Crypto Slump Unrealized Bitcoin Losses Hit All-Time High, Glassnode Says: Bear Market Signs? Coinbase Global Goes From Boom To Bust Amid Crypto Winter, Analyst Trims Q1 Estimates Binance Advising Nations On Strategic Bitcoin Reserves, Crypto Regulation: Report Top Losers: CryptocurrencyPrice   Gains +/-Mantra OM/USD$0.6552  -14.3%Fartcoin FARTCOIN/USD$0.8457-7.4%JasmyCoin JASMY/USD$0.01322-6.2%Trader Notes: Crypto chart analyst Ali Martinez highlights Bitcoin being stuck between two major supply zones: $81,440 and $86,430, suggesting it needs a clean breakout to escape the range. More Crypto Online points out that volatility remains compressed, but price is edging closer to resistance. A break above yesterday's high could trigger a sharp rally to $87,900. For now, Bitcoin is still in a choppy, convictionless correction. Altcoin Sherpa offers a bold outlook, saying he strongly believes Bitcoin will either blast through to $93,000 or drop into the high $70,000s in a single decisive move. He notes that Bitcoin has been ranging for nearly a month. man I have this weird feeling that $BTC either just blasts through to like 93k or dumps to high 70ks in 1 go. it's been in this trading range for a month pic.twitter.com/f1sOrFZojE— Altcoin Sherpa (@AltcoinSherpa) April 17, 2025 Nebraskangooner sees Bitcoin consolidating above key support and believes if the current structure resolves upward, there’s a real chance of testing the $90,000+ resistance. Degengambleh offers a dual-scenario outlook: either a “Green God Candle” breakout with no turning back, or one final shakeout before a face-melting rally to new highs. In either case, he believes the bottom is likely in and not just for Bitcoin, but for most meme coins as well. Read Next:  Bitcoin Stuck Below $85,000: Bull Run Shakeout Or Bearish Downtrend? Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.