The crypto market saw a mixed performance on April 24, 2025, as major cryptocurrencies pulled back from recent highs amid profit-taking and market consolidation. Crypto market’s total capitalization shed 1.5% to $2.89 trillion, while the Asian session saw volume dip 24% to just over $105 billion. Bitcoin, Ethereum and XRP all pared gains as Official Trump, Onyxcoin and Polygon rose to lead the top 100 by market cap in terms of 24-hour performance. Investors remain cautious, although whale activity and on-chain data signal both accumulation and potential volatility ahead. Bitcoin, Ethereum, and XRP price movements Bitcoin (BTC) pared gains after a recent rally, trading at approximately $92,630. BTC price was down 1% in the past 24 hours, according to market data. This pullback follows a strong upward trend, as highlighted here. CryptoQuant analysts say there’s significant accumulation by Bitcoin whales. BTC price on CoinMarketCap Ethereum (ETH) also saw a decline, shedding 3% to hover around $1,748. It reflects broader market sentiment that also had XRP , drop more than 5% to $2.15. This is despite earlier gains driven by positive sentiment around the US-based cryptocurrencies. Whales accumulate Chainlink Chainlink (LINK) is seeing notable activity from large holders. According to Lookonchain, Chainlink whales have accumulated over 2.5 million LINK tokens in the past week, worth approximately $35 million. This accumulation trend mirrors broader whale behavior in the market, as seen with Bitcoin, and could signal confidence in Chainlink’s role in the DeFi and oracle sectors. LINK traded at $14.38, up 3.8% in the past 24 hours. Top gainers and losers OFFICIAL TRUMP (TRUMP) led top gainers with +32% after skyrocketing on Wednesday. TRUMP hovered near $12.26. Other top performers in the past 24 hours were Onyxcoin (XCN) and POL (prev. MATIC) (POL) with +10.5% and 8% respectively. On the other hand, top losers on the day include DeXe (DEXE), which is down 15% to around $13. Profit taking is also what has impacted Immutable (IMX), which was down 12% to $0.5636. Bonk (BONK) and Jito (JTO) also traded lower, down 9.7% and 8% respectively. Analysts weigh in Analysts are offering varied perspectives on the market’s next moves. CryptoQuant’s post on X pointed out a surge in Bitcoin exchange inflows, with over 50,000 BTC deposited in a single day. Such moves are often a precursor to heightened volatility or profit-taking. Another CryptoQuant update highlighted a spike in Ethereum network activity, with transaction volumes reaching a three-month high. Given recent action, it suggests a potential bullish momentum for ETH. glassnode @glassnode · Follow $ETH Cost Basis Distribution shows the next major supply overhead near the current price – at $1,895.50, where 1.64M $ETH is concentrated. Most holders at this level were last active in Nov 2024, buying into the rally and pushing their cost basis higher. 9:00 pm · 23 Apr 2025 160 Reply Copy link Read 10 replies Meanwhile, QCP Group’s analysis commented on the launch of Twenty One Capital by Tether and SoftBank. “Bitcoin has surged to $93.5K, breaking past key resistance, while gold has fallen 6%. Institutions are no longer experimenting—they’re committing capital. 21 Capital is poised to become the new standard for crypto conviction in public markets,” the analysts noted. A look at the crypto market suggests bulls remain largely in charge. However, broader market dynamics, including tariffs and inflation may be key catalysts to watch. The post Crypto price wrap: Bitcoin, Ethereum, XRP pare gains appeared first on Invezz
