Week of April 22-28, 2025
Analysts at JPMorgan reported that over $21.1 billion flowed into Gold ETFs during Q1 2025, while investor interest in Bitcoin (BTC) declined. This was reflected in consistent outflows from Spot Bitcoin ETFs for three consecutive months, signaling that many investors currently view gold as a safer haven than Bitcoin.
According to CoinGecko, the total cryptocurrency market value fell 18.6% in Q1—equivalent to approximately $633 billion—after peaking early in the year following Donald Trump’s return to office. Daily trading volume dropped 27.3% quarter-over-quarter. Despite the decline, Bitcoin’s market dominance rose to 59.1%, its highest level since 2021.
The Block reported that the 7-day average spot trading volume across major platforms fell to just over $32 billion, the lowest level since October 2024. Bitcoin ETF trading volume also dropped to $1.55 billion, the lowest since March 25, 2025.
Meanwhile, Rick Wurster, CEO of Charles Schwab, announced plans to launch Bitcoin spot trading services by April 2026, citing increasing client demand and a more favorable regulatory environment.
According to the Bitwise Crypto Market Review, stablecoin assets under management reached a new all-time high of $218 billion in Q1, marking a 13.5% increase from Q4 2024—surpassing even Visa’s total transaction volume during the same period.
Santiment reported that Ethereum on-chain transaction fees dropped to a five-year low, averaging just $0.168 per transaction, reflecting reduced chain activity and a corresponding dip in Ethereum’s market price.
Bitcoin (BTC) has broken out of its downtrend and is consistently setting new highs, signaling the potential for a bullish reversal. The next resistance level to watch is $88,500. If it breaks through, the price could rise to test $92,000. Failure to break may lead to a pullback toward $81,000, potentially resulting in a sideways trend.
Ethereum (ETH) is testing its downtrend line and appears close to a breakout. A move above $1,700 would be the first signal of a trend reversal, with the next target at $2,000. If the price fails to break resistance, monitor $1,400 as the key support level.
MEME delivered a strong 45.44% return last week, surging before entering consolidation. If it holds above $0.001800, there’s potential for another rally. Resistance to watch is at $0.002834.
ENJ posted a 44.58% weekly return. A pullback may offer a good entry point around $0.0814, with $0.1310 as the resistance level. A breakout above this would confirm a bullish trend.
Gold reached a new all-time high, while Bitcoin (BTC) surged earlier this week, supported by a weakening U.S. dollar, which fell to its lowest level since April 2022. This was likely influenced by some nations offloading U.S. government bonds and ongoing concern over Trump’s retaliatory tax policies.
Global liquidity appears to be supporting risk assets. The U.S. is projected to issue over $31 trillion in bonds this year—equal to 109% of GDP—according to Binance Research. Meanwhile, Chinese banks issued over $500 billion in new loans in March, beating forecasts by 20%. The European Central Bank has also cut interest rates for the seventh time in a year, pushing rates to their lowest levels since 2022 in response to ongoing economic pressure.
There are signs that volatility caused by Trump’s trade-related policies may be easing, as his tone shifts toward negotiation. As a result, capital may begin flowing back into risk assets like Bitcoin and gold.
As for altcoins, it is still too early for long-term accumulation or short-term speculation. Most incoming capital is expected to flow into Bitcoin during the early stages of market recovery.
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