Bitcoin rose above $79,000, driven by over $2.1 billion in inflows into US spot ETFs, signaling strong institutional demand. Ethereum also gained momentum, crossing $2,400 with nearly a 4% rise, as the broader crypto market moved higher. Analysts remain cautious despite the rally, warning of possible pullbacks if Bitcoin fails to hold key support levels or faces pressure from macro factors like the upcoming Federal Reserve decision. Bitcoin just crossed the $79,000 level in recent trading, after a gain of just over 2% in the past 24 hours. At the same time, Ethereum also rose above $2,400 with a nearly 4% increase during the same period. Market data shows Bitcoin trading near $79,269, and maintained its position above key short-term support levels. The move comes as the broader market also trends higher, backed by improving sentiment across global financial markets. Bitcoin Approaches $80K Mark A main factor of Bitcoin’s advance has been the ongoing inflow into US spot Bitcoin exchange-traded funds. The funds have achieved nine consecutive days of net inflows, bringing in more than $2.1 billion as of April 24. This steady demand has helped absorb selling pressure and served as a steady source of price growth. The steady inflow from the institutional community members in demand shows that the demand is still healthy even when prices get close to the relevant resistance levels. Simultaneous macro conditions have buoyed the rally too. More traditional markets have displayed more risk tolerance and equity‐oriented funds were the most in demand. Bitcoin has seen a high correlation with the S&P 500 over the past few weeks, suggesting broader economic currents impact its direction. From a technical point of view, Bitcoin is above short-term moving averages. This helped validate the strength of the current trend. Volumes up in trading also indicate they’re participating in the market. Momentum indicate that the asset is still trading in the positive range, rather than in extreme conditions yet. Traders are closely monitoring the $80,000 level in the near term. Such level not only plays a psychological role but is also a cornerstone in the pricing profile for buyers at this point of time. If Bitcoin ends up above its support level of $77,500, then another effort would be made to break past $80,000. A return below this point could instead bring it back to the $73,900 bracket. A policy ruling on the horizon by the US Federal Reserve is also under the spotlight. Risk sentiment on markets broadly may be affected by any change in tone in interest rates, so market participants expect that they will remain unchanged. Although the current pattern is positive, there are analysts who are cautious. Michael Terpin has noted that Bitcoin BTC -0.25% could still see a more significant decline later in the year. Though it recovered well from its February trough in the area of $60,000, there have been signs that the figure could drop, he said. Bitcoin, Terpin said, could drop to roughly $57,000 by October 2026, depending on previous market cycles. A return above $100,000 would, he also said, require strong buying pressure from ETFs and more massive players continuing to build up. “Hitting $100,000 this year is possible, yes, but not very likely,” he said. Other analysts are also warning about short-term risks. Nic Puckrin said the coming Fed meeting could signal a mood shift. He said rates are likely to stay on hold and limit immediate upside momentum. At the same time, Matthew Hyland has noted that even with the recent rally, investor enthusiasm is still muted. He thinks that could indicate a lack of conviction in the present action. “In my view, there’s a higher probability that BTC takes the next step down before October,” he said. Technical analysts are keeping an eye on pivotal resistance levels, too. Some even have noted that Bitcoin, if it fails to move above longer-term averages, might even retrace to lower support zones. Projections say that would pull back to prices around $73,000, or even lower if selling pressure rises. Hyland, however, also said Bitcoin and crypto are on track to rally in May.

SHIB cuts sell pressure as exchange inflows fall sharply, giving bulls room to press higher and challenge the next resistance zone.

Western Union CEO Devin McGranahan said the company will focus on expanding adoption and embedding digital assets into its core money movement platform going forward.

On Sunday, Monero (XMR) price witnessed a spike of 5%, helping its price to soar from $373 and $397 with a market capitalization of $7.35 billion. The surge in the XMR price comes after it soared above a major resistance level at $378, and if it manages to hold this position for long, it could see a further rally. The current price of XMR is above the 50-day exponential moving average and 200-day moving average, which is a major bullish sign. On April 26, Monero (XMR), one of the leading privacy coins, soared by around 6% in the last 24 hours, sparking euphoria in the privacy coin community. The surge comes after an impressive rally in Bitcoin (BTC) , which currently holds above $77,000. This rally in BTC has sparked bullish sentiment across the overall crypto market. At the time of writing this, Monero XMR 4.78% is trading at around $398.49 with a surge of around 5%, according to CoinMarketCap . The privacy coin holds an impressive market capitalization of around $7.35 billion, and the daily trading volume revolves around $109.42 million. Monero Breaks A Major Resistance Level at $378 According to the current price chart, Monero has broken through a major barrier at $378 with impressive higher trading volume. This breakout activated multiple bullish patterns, including a series of rising lows and consistent trading above important moving averages. The 50-day exponential moving average is sitting at around $351. The 200-day version holds at $364. The current price of XMR is above both of these levels. This is a major sign that traders are seeing as confirmation in the bullish pattern. The Relative Strength Index is around 61. This suggests that the cryptocurrency has strong buying momentum without entering the overbought zone above 70. At the same time, the moving average convergence divergence indicator has produced a positive crossover. In recent months, privacy coins have witnessed an impressive surge. This consistency shows that people continue using the network for actual transactions, even though XMR’s privacy features hide exact transfer amounts. Monero is moving within a rising channel pattern on its four-hour chart. This positive structure follows that the price is climbing steadily between two upward-sloping lines. The cryptocurrency cleared the $378 resistance area on volume that exceeded the average level, which validated the breakout. According to the current price chart, there is a major resistance level at around $400. A clear break above this threshold with a significant trading volume could open the door for higher targets in the $420 to $450 range. There is a major support level at the recent breakout area around $370, which could be set as a base for any short-term pullbacks in the XMR’s price. Monero Network Supports Bullish Momentum The network hashrate is currently revolving around 5.47 gigahashes per second. This shows that investors have strong miner engagement and good protocol security. These on-chain data show that the currency surge in the cryptocurrency’s price is supported by real utility. Recently, privacy coins have grabbed headlines after many governments around the world have implemented stricter financial surveillance guidelines. Monero is a unique cryptocurrency because of its default privacy features. This helps those users who are worried about tracking and financial freedom. Monero has recently celebrated its 12th anniversary. On the technical side, the FCMP++ upgrade rolled out a network across the network. This upgrade has introduced anonymity through full chain membership proofs. The new system replaces older ring signature methods with more efficient and secure proofs. Apart from this, the planned integration with THORChain has generated interest. This cross-chain protocol will enable native Monero swaps directly with Bitcoin, Ethereum , and other digital assets without wrapping tokens or depending on custodians. Simulations for the integration have passed testing phases, with mainnet deployment expected within the next 1 to 2 months. Also Read: Polygon (POL) Price Faces Pressure as Payment Strategy Expands