Why did the Crypto Market Rise Today (4/29/25)?

Jakarta, Pintu News – Today, the total crypto market capitalization (TOTAL) and Bitcoin (BTC) are both moving in the green zone, although the daily movement is still relatively limited.

On the other hand, one of the altcoins, Virtuals Protocol (VIRTUAL), stole the spotlight after recording a price surge of up to 40% in the last 24 hours.

Then, why did the crypto market rise today, April 29, 2025? Check out the complete analysis below!

Crypto Market Gets Closer to Breakout

Over the last 24 hours, the crypto market capitalization has increased by approximately $21 billion, now standing at $2.92 trillion. Most cryptocurrencies have remained stable, reflecting positive market sentiment.

According to BeInCrypto, TOTAL is currently approaching a significant resistance level at $2.93 trillion. If it can break through it, the crypto market could surge towards $3 trillion. However, if it fails and drops below the $2.87 trillion support, there is a risk of a deeper correction to the $2.80 trillion area or lower.

Also read: 3 Crypto to Watch Ahead of International Labor Day

Bitcoin Tests Key Levels Again

The Bitcoin price has risen slightly, by less than 1% in the past day, and is attempting to break through the important resistance level at $95,761. This level is a crucial boundary to ensure the continuation of Bitcoin’s bullish trend.

Support for this rise was reinforced by the move of Michael Saylor, who recently bought 15,355 BTC worth over $1.42 billion. This large purchase increases buying pressure and creates an opportunity for Bitcoin to move towards $100,000.

Conversely, if Bitcoin fails to hold above the $93,625 support, there is potential for a correction to $91,521 or even $89,800, which could reverse the current positive trend.

Read also: 3 US Economic Indicators Driving Crypto Market Sentiment This Week

Virtuals Protocol in the Spotlight

In the past 24 hours, the price of Virtuals Protocol (VIRTUAL) surged nearly 40% to $1.48. Currently, VIRTUAL is trying to break the important resistance at $1.59. If successful, this altcoin has the potential to continue its rise to the $2.27 area.

However, if investors start taking profits early, there is a risk of the price falling below $1.25, which could pave the way for a deeper correction to $0.95. Therefore, the price movement in the next few days largely depends on investor behavior.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Why Is the Crypto Market Up Today? Accessed on April 29, 2025
• Featured Image: Generated by Ai