Ethereum's price peaked at $2,424 on April 21 but faced resistance above $2,400, leading to a correction. Currently trading above $2,320, ETH remains above key support levels and could resume gains if it breaks above $2,420. The market's momentum is fading, with traders watching for a clear move past resistance to confirm further upside.
Long-term Bitcoin holders have absorbed 303,000 BTC, helping to stabilize the price above $60,000. Despite this, low market liquidity continues to pose a risk of volatility. The activity indicates strong support from long-term investors, but traders remain cautious due to potential price swings. The development was reported on April 23, 2026.
The CryptoQuant Bitcoin Bull Score has crossed the 50 threshold, reaching neutrality for the first time since the start of the bear market. This technical signal, seen as a potential sign of recovery or a pause before further decline, marks a significant shift. The score's movement raises questions about whether Bitcoin is entering a new bullish phase or experiencing a temporary respite.
XRP's price fell below $1.440, trading at $1.4125, with key support near $1.40. The decline was driven by a break below a bullish trend line. Resistance levels are at $1.4375 and $1.4450. A move below $1.40 could lead to further declines toward $1.3650, while a recovery above $1.4450 might push toward $1.50.
Bitcoin (BTC) surged above $79,000 on April 19, reaching a monthly high of $79,472, its best 28-day return since April 2025. The Bitcoin positioning index improved to 4.5 from -10.9 in February, indicating rising sentiment. Open interest increased 6.7% in 24 hours to 260,000 BTC, with futures open interest nearly 9% higher at $62 billion.
Bitcoin traded at $77,794 on Thursday morning, up 0.4% over 24 hours but below the $79,388 high reached Wednesday evening. The cryptocurrency lost momentum as Ethereum, XRP, and Solana also declined, reflecting profit-taking. The market shows a slight dip from recent highs, with Bitcoin's price near the $80,000 mark but experiencing some downward pressure.
BlackRock clients invested $246.8 million in Bitcoin as part of a geopolitical hedge strategy, highlighting institutional interest in the cryptocurrency. This move aims to stabilize Bitcoin’s value amid global turmoil, reinforcing its role as a non-sovereign asset. The investment underscores Bitcoin’s growing appeal as a safe haven for institutional investors during uncertain times.
