What to know:
- Bitcoin dominance hits 64.60%, its highest level since January 2021, as ether struggles with a 50% year-to-date decline.
- Bitcoin, along with USDT and USDC, now comprises 72% of total crypto market capitalization.
- Ether to bitcoin ratio hits lowest level in five years, 0.01765
Ah, Bitcoin! The digital titan that continues to reign supreme over the crypto jungle. Its dominance, fueled by nothing more than sheer force of will—or perhaps the magic of its algorithm—has climbed to 64.60%. The last time we saw such heights? January 2021. Who would’ve thought that the infamous king of digital gold would rise again like some cryptographic phoenix?
And look at the little crowd of hangers-on: Tether (USDT) and Circle’s USDC. Together, they form a robust alliance, now constituting 72% of the entire crypto market. Oh, how they circle their own little bubble, consolidating their grip on the realm, all while the market—those brave fools—follow in their wake, desperately clutching onto the notion of “stability.” Safety, some call it. Strength, others say. Oh, the drama!
Bitcoin alone has reached a staggering 64.60% of crypto market capitalization, like some colossal beast asserting its reign. Investors, wise to the shadows of uncertainty in the broader markets, have flocked to it like moths to a flame. And who could blame them? With the S&P 500 down 6% since the beginning of April, Bitcoin remains somewhat of a safe harbor, defying gravity—well, at least for now. As we speak, BTC trades above $88,000. Ether, on the other hand? A mere shadow of its former self at $1,600.
And then, there’s Ether. Ah, dear Ether. Once the shining star, the great hope of the digital realm, it now slumps in the shadows, down over 50% this year. Its performance—well, let’s just say it’s performing *not so well.* The Ether to Bitcoin ratio has reached 0.01765, the lowest it’s been in five years. Ouch. It’s like watching a valiant knight fall from grace while the mighty Bitcoin stands tall.
Even more deliciously ironic, Bitcoin has charted a divergent path from U.S. equities. The S&P 500—reeling and stumbling—has fallen 6%, while Bitcoin, ever the cocky survivor, has risen by 4%. It sits triumphantly above $88,000, a testament to its unyielding strength. Meanwhile, Ether? Well, it clings to a measly $1,600, wishing for better days.
Key technical levels to watch for Bitcoin
Now, for the numbers that truly matter. Yes, we know you love numbers. Bitcoin is flirting with some critical on-chain and technical levels, which will decide whether the bulls stay in charge or if the bears come roaring back:
- 200-Day Moving Average: $87,965
- 2025 Realized Price (average on-chain cost basis for 2025 BTC buyers): $91,565
- Short-Term Holder Realized Price (average entry price for BTC held under six months): $92,385
Historically, when Bitcoin trades above these levels, the bulls run wild. Perhaps we’re on the cusp of another surge—don’t hold your breath. Or do, it’s always more fun when it’s a gamble.
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2025-04-22 12:40