Gold Stalls, Is It Time for Bitcoin? Traders See $95K as Key Breakout Level
Tom Carreras, Christian Sandor | Edited by Aoyon Ashraf Updated April 24, 2025, 12:13 PM Published April 23, 2025, 8:24 AM
Cryptocurrency market gains paused on Wednesday after US Treasury Secretary Scott Bessent reiterated that a full trade deal between Washington and Beijing would take years to reach.
Bitcoin (BTC) has gained 2.6% in the past 24 hours and 12.2% in the past week, trading at $93,600 for the first time since early March. The largest cryptocurrency has failed to maintain its momentum compared to the broader market, with the CoinDesk 20 Index — the top 20 coins excluding stablecoins, memecoins, and exchange tokens — up 4.2% in the past 24 hours. Sui (SUI) has gained 24% in the same period, while Cardano’s ADA and Chainlink’s LINK have both seen gains of 7%.
Crypto stocks that started off strong showed declines as the day progressed. Miners like Bitdeer (BTDR) and Core Scientific (CORZ) retreated from double-digit gains, ending the day up about 4%. Coinbase (COIN)
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