Daily Crypto Signals: Bitcoin Stabilizes Above $94,000 While Ethereum Struggles to Maintain $1,800
The crypto market exhibits divergent trends as Bitcoin trades above $94,000 while Ethereum faces resistance at $1,800. Despite record flows
Quick overview
- Bitcoin is trading above $94,000, showing strong institutional interest, while Ethereum struggles at $1,800 with declining network activity.
- The CME Group plans to introduce XRP futures contracts, indicating a move towards institutional acceptance of cryptocurrencies.
- Ethereum's network fees have dropped 95% since January, raising concerns about its inflationary nature amidst declining on-chain activity.
- Polkadot's ETF approval decision has been delayed by the SEC, impacting its path towards mainstream financial acceptance.
The crypto market exhibits divergent trends as Bitcoin trades above $94,000 while Ethereum faces resistance at $1,800. Despite record institutional flows into Bitcoin ETFs, Ethereum’s network activity has declined significantly, with fees dropping 95% since January.
Crypto Market Developments
While altcoins show different performance, Bitcoin keeps strength above $94,000, so the market for cryptocurrencies is showing conflicting signals. Offering investors alternatives between micro-sized contracts of 2,500 XRP or standard contracts of 50,000 XRP, the Chicago Mercantile Exchange (CME) Group has declared intentions to introduce XRP futures contracts on May 19. Every contract will be cash-settled, a major first toward institutional acceptance of cryptocurrency.
Author of “The Bitcoin Standard,” economist Saifedean Ammous, said that President Donald Trump’s decision to stop greater reciprocal tariffs and return to a 10% baseline for most nations except China was most likely a response to rising bond yields. “Trump fought the bond market and the bond market won,” Ammous said, stressing Bitcoin’s special economic qualities under world uncertainty.
In another significant move, Strike creator Jack Mallers has started Twenty One Capital, a new Bitcoin treasury business meant to be a “superior vehicle for investors seeking capital-efficient Bitcoin exposure” against Michael Saylor’s Strategy. With major financing from Tether, SoftBank, and Bitfinex, the company intends to open with 42,000 Bitcoin (value around $3.9 billion).
Bitcoin Above $94K as Institutional Inflows Drive Momentum
As institutional interest rises, Bitcoin BTC/USD keeps proving amazing resiliency, trading above $94,200. Comparatively to the withdrawals seen in Ethereum ETFs, U.S.-listed spot Bitcoin ETFs have enjoyed record-breaking inflows. This difference implies that institutional investors are choosing Bitcoin above other digital assets right now.
Twenty One Capital’s bold release with 42,000 BTC underlines even more Bitcoin’s growing importance as a store of wealth. Mallers said of the endeavor, “a public stock, built by Bitcoiners, for Bitcoiners,” possibly providing a fresh investing tool capable of rival established companies like MicroStrategy.
Ethereum Debating the Bottom Amidst Network Challenges
After 16 days of selling pressure resulting from macroeconomic uncertainties and dramatic decreases in on-chain activity, Ethereum ETH/USD is finding difficulty sustaining pace and is currently trading about $1,783. Ethereum lagged the larger altcoin market by 23% year-to-date and is still one of the few significant cryptocurrencies that did not set a new all-time high in 2025, despite a recent rebound from lows under $1,400.
The 95% decline in network fees since January is alarming for Ethereum investors since the built-in burn mechanism cannot balance the fresh coins generated for staking rewards. ETH starts to become inflationary. On April 22, Ethereum saw a record 449,000 ETH influx to accumulation addresses; these holders stay underwater with a realized price of $1,981.
Technical study shows notable resistance at $1,895, where 1.64 million ETH is held by November 2024 buyers. Ethereum would have to close over $2,142 to break its trend of declining highs and falling lows in a true bullish reversal.
Avalanche to Power Cross-Border Payments for MSBs
Avalanche (AVAX) has an ever-growing ecosystem with useful applications, as seen by the revelation of global cross-border payment network Axiym. Using the Avalanche blockchain, the Dubai-based company has handled more than $132 million in total volume and provided real-time credit and liquidity infrastructure to money services businesses (MSBs) all over.
Using blockchain technology to automate, transport, and control funds more effectively, Axiym links current payment activities to Avalanche behind the scenes. Head of institutions and capital markets at Ava Labs, Morgan Krupetsky says “this enables real-time cross-border liquidity provisioning that would be difficult or expensive depending on legacy payment rails or slower blockchains.”
By adding blockchain capabilities straight into current payment processes, the platform solves many pain issues in conventional cross-border payments, including capital inefficiencies, SWIFT-based delays, excessive costs, and fractured systems.
Polkadot ETF Decision Delayed Amidst Altcoin Fund Pipeline
Polkadot (DOT)’s path toward mainstream financial acceptance has temporarily stalled as the U.S. Securities and Exchange Commission (SEC) postponed deciding whether to approve a proposed exchange-traded fund (ETF) containing Polkadot’s native token. An April 24 filing claims the regulator has postponed its deadline for a final decision until June 11, almost four months after Nasdaq asked authorization to list Grayscale Polkadot Trust.
Among the roughly 70 proposed ETFs awaiting SEC clearance Grayscale’s ETF filing comprises funds owning numerous altcoins, memecoins, and crypto-related financial derivatives. Additionally expecting approval to float its own Polkadot ETF is asset management 21Shares.
Polkadot’s native coin DOT has a market valuation right now of roughly $6.6 billion. Launched in 2020, the layer-1 blockchain network joins other cryptocurrencies including Solana, Litecoin, XRP, Dogecoin, and Cardano in the expanding pipeline of suggested ETF listings as institutional investors show intentions to increase crypto allocation until 2025.
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