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The cryptocurrency market continues to capture global attention, especially as Bitcoin records a significant surge to $87,300, reflecting renewed investor confidence(Crypto Price Today). As crypto investors keep an eye on global economic cues and market sentiment, major altcoins show mixed performances, making for an eventful start to the week.
Bitcoin Price Surges Past $87,000 Amid Market Rebound
Bitcoin, the world’s leading cryptocurrency, saw a notable price increase of 2.61% in the past 24 hours. On international exchanges, BTC is trading at $87,373 (approximately Rs. 74.5 lakh), marking a strong recovery after a rough patch triggered by geopolitical developments. In India, prices were slightly higher, with Bitcoin trading around $87,845 (roughly Rs. 75 lakh), reflecting local demand and trading volumes.
This uptick comes in the wake of renewed interest from investors seeking safer asset classes due to rising economic uncertainties, including a sharp decline in the US dollar index and growing recession fears.
“Bitcoin is gaining strong upward momentum as investor confidence picks up again,” said Alankar Saxena, Co-founder and CTO of Mudrex. “A breakout above $88,700 could pave the way for Bitcoin to test $92,000, with strong support established around $84,000.”
Altcoins Show Mixed Trends – Ethereum, Shiba Inu in Green
Ethereum (ETH), the second-largest cryptocurrency by market cap, also saw a moderate uptick. On global exchanges, Ether rose 1.52% to trade at $1,640 (approximately Rs. 1.40 lakh), while Indian exchanges listed ETH at $1,663 (around Rs. 1.41 lakh).
Despite the modest gains, Ethereum still faces strong resistance at around $1,680 (Rs. 1.43 lakh), according to market analysts.
“Ethereum is holding above $1,500, but macroeconomic uncertainty remains. With the Fed’s next interest rate move and sticky yields, we aren’t yet in a full risk-on mode,” said Riya Sehgal, research analyst at Delta Exchange.
Meanwhile, several other altcoins reflected varied performances. According to the latest crypto price tracker, coins such as Ripple (XRP), Binance Coin (BNB), Tron (TRX), Leo (LEO), and Shiba Inu (SHIB) posted gains.
However, others like Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), Stellar (XLM), and Polkadot (DOT) registered losses, highlighting the volatility and fragmented investor sentiment across altcoin markets.
Global Events Influence Crypto Prices
Bitcoin’s resurgence comes after a rocky fortnight influenced by global political and economic news—particularly former US President Donald Trump’s announcement of sweeping tariffs on imports. This triggered a broad sell-off in risk assets, including cryptocurrencies. However, as investor appetite returns, Bitcoin is once again acting as a “digital safe haven”.
The crypto market capitalization currently stands at $2.74 trillion (roughly Rs. 2,33,93,435 crore), up by 1.70% over the past day, indicating renewed capital inflows and optimism.
“With increasing confidence among users and stronger infrastructure, the shift toward mainstream crypto adoption continues,” said Avinash Shekhar, CEO of Pi42. “The coming weeks will be crucial in determining the market’s overall direction.”
What’s Fueling Bitcoin’s Recovery?
Several factors are behind Bitcoin’s recent climb:
- Recession Fears: Rising concerns about global economic slowdown are pushing investors toward non-traditional stores of value like Bitcoin.
- US Dollar Weakness: The dollar index has dropped to a three-year low, making crypto assets relatively more attractive.
- Institutional Demand: Large-scale investors and funds are increasing their holdings, boosting market momentum.
- Regulatory Clarity: Some regions are beginning to define clearer crypto frameworks, which helps reduce uncertainty and draw in new investors.
As these elements play out, analysts are watching whether Bitcoin can cross the psychological resistance zone at $88,700. If it does, we could soon see BTC attempting to hit the next milestone of $92,000 (Rs. 78.5 lakh).
Investor Sentiment Still Cautious
Despite the gains, crypto analysts warn that volatility remains high. Investors are advised to monitor macroeconomic data, including US-China trade negotiations and central bank interest rate decisions.
The upcoming FOMC meeting in May is seen as a key event, with markets pricing in just a 12% probability of a rate cut, according to futures data. These indicators will likely shape crypto market behavior over the next few weeks.
Altcoin Market Update: Winners and Losers
Here’s a quick snapshot of how some major altcoins are performing:
Gainers:
- Shiba Inu (SHIB) – Continued support from its strong community and marketing efforts is helping it gain traction.
- LEO Token (LEO) – Performance is closely tied to Bitfinex and iFinex’s ecosystem, showing stable growth.
- Ripple (XRP) – XRP has benefited from ongoing regulatory developments in its lawsuit with the SEC.
Losers:
- Cardano (ADA) – The blockchain project is facing pressure as newer platforms challenge its market share.
- Avalanche (AVAX) – Price dips as investors rotate into more established coins.
- Solana (SOL) – Although it remains a favorite for NFT and DeFi apps, SOL faced technical downtimes and profit booking.
Crypto Adoption Trends in 2025
2025 is shaping up to be a transformative year for crypto adoption. From Polygon shifting focus to stablecoins, to increased institutional participation in DeFi, the crypto landscape is evolving rapidly.
The Amazon Web Services (AWS) outage recently highlighted the vulnerabilities of centralized infrastructure—even within the crypto ecosystem—as major exchanges like Binance experienced technical issues.
As more blockchain networks prioritize scalability, security, and regulatory compliance, experts believe the next wave of crypto growth will come from real-world utility and enterprise adoption.
Final Thoughts: Is Now the Time to Buy Bitcoin?
For those wondering whether to invest now, the key takeaway is: Do your research and stay cautious. While the recent price recovery is promising, crypto remains a high-risk market influenced by fast-changing global dynamics.
Always diversify your portfolio and avoid making decisions based purely on short-term trends. Consult with financial advisors and stay informed about the latest developments.
