Bitcoin, Dogecoin Up, Ethereum, XRP Flat On Slow Monday Start

Author: Khyathi Dalal | April 21, 2025 02:24pm

Cryptocurrency markets ticked higher on Monday as Bitcoin’s performance drew attention from commentators eyeing a shift in macro sentiment.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$86,937.92	+2.8%
Ethereum (CRYPTO: ETH)	$1,572.74	-0.5%
Solana (CRYPTO: SOL)	$135.64	-0.6%
XRP (CRYPTO: XRP)	$2.07	+0.8%
Dogecoin (CRYPTO: DOGE)	$0.1570	+1.9%
Shiba Inu (CRYPTO: SHIB)	$0.00001236	-1%

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 11.3% and daily active addresses falling by 10.3%. Transactions greater than $100,000 are down from 6,794 to 5,571 in a single day. Exchanges netflows are down by 29.9%. 90% Bitcoin holders are in profit.
• Coinglass data reports 102,563 traders were liquidated in the past 24 hours for $278.19 million.
• Crypto chart analyst Ali Martinez highlights Bitcoin ETFs recording consistent outflows over the past 40 days.

Notable Developments:

• 5 Catalysts That Could Drive Bitcoin Higher: Bernstein
• Deutsche Bank, Standard Chartered Reportedly Looking Into Expanding To US Crypto Market
• Strategy Adds $555 Million In Bitcoin, Ups Stash To 538,200 BTC
• Upexi Raises $100 Million To Expand Crypto Ventures, Stock Soars
• Solana Pushes Higher As Staking Milestone And Institutional Bets Fuel Rally
• How Traders Can Make Money When Bitcoin Trades Sideways: 10x Research
• Vitalik Buterin Suggests Major Overhaul To Improve Ethereum’s Network Efficiency As Transaction Fees Plunge To 5-Year Lows

Top Gainers:

Cryptocurrency	Price	Gains +/-
Stacks (CRYPTO: STX)	$0.7077	+13.2%
Kaspa (CRYPTO: KAS)	$0.08359	+8.3%
Fartcoin (CRYPTO: FARTCOIN)	$0.8789	+6.6%

Trader Notes: Crypto investor and entrepreneur Ted Pillows pointed out that Bitcoin is catching up with gold's rally, while the S&P 500 continues to trend lower, suggesting that Bitcoin has started to decouple from equities.

He believes this signals the start of a meaningful Bitcoin rally from current levels.

$BTC is now catching up with Gold rally.

The S&P 500 is still going down, which shows that BTC has started to decouple.

I think we could see a good BTC rally from here. pic.twitter.com/Qri9GHysFJ

— Ted (@TedPillows) April 21, 2025

Nebraskangooner observed that Bitcoin is front-running his resistance level, but a sharp intra-day sell-off has made the price action look weak. Whether this marks a local top or just a pause depends on how the daily candle closes.

Kevin highlighted Bitcoin's strong rejection at $88,500, which occurred right after Dave Portnoy tweeted that Bitcoin has officially decoupled from the stock market—adding an ironic twist to market sentiment.

Has crypto actually decoupled?

— Dave Portnoy (@stoolpresidente) April 21, 2025

Meanwhile, Seth, a widely followed crypto trader, reiterated his long-standing thesis that Bitcoin bull markets typically consist of three green annual candles. So far, the market has printed only two in this cycle, and he believes 2025 still has more to give.

💥 #Bitcoin bull market consists of 3 green annual candles. We only have 2 so far. 2025 has more to give. https://t.co/owQ2CGLgYd pic.twitter.com/H3Smtd0rEG

— Crypto Seth (@seth_fin) April 21, 2025

Read Next: 

• Bitcoin Briefly Hits $88,000: What’s Next?

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $KAS $MANA $SHIB $SOL $STX $XRP