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Cryptocurrency News Articles

Bitcoin (BTC) Hovers Near the $85,000 Mark as Altcoins Continue Their Upward Trajectory

Apr 16, 2025 at 06:24 am

The cryptocurrency market continues to exhibit a horizontal trajectory as Bitcoin (BTC) inches closer to the $85,000 mark once again.

Bitcoin (BTC) Hovers Near the $85,000 Mark as Altcoins Continue Their Upward Trajectory

The cryptocurrency market continues on a horizontal path as Bitcoin (BTC) edges closer to the $85,000 mark once again. In the last 24 hours, BTC has seen a small increase of 0.58%, bringing the price to $85,468 at the time of this report.

As reported by President Donald Trump via social media, he has decided to postpone the introduction of new tariffs on several countries (except for China) for a period of 90 days. This move has had a positive impact on both traditional and crypto markets. Despite the market uncertainty, a few cryptocurrencies have managed to move up the rankings among the top 100 altcoins by market capitalization.

Story (IP)

The cryptocurrency of the Story blockchain has seen a remarkable increase in value following the launch of its main network on February 13, 2025. This surge can be attributed to the rapid expansion of its ecosystem, partnerships in the artificial intelligence sector, and backing from influential investors such as Andreessen Horowitz (a16z). At the time of this report, IP is being traded at $4.23, which represents a 7.03% rise in the last 24 hours.

Kaspa (KAS)

The cryptocurrency of the Kaspa blockchain, KAS, is experiencing a rise in value due to a substantial inactive supply, a shift in technical indicators from neutral to bullish, and positive sentiment surrounding upcoming network updates known as the ‘Crescendo Hardfork’. KAS has increased in value by 4.06% over the last 24 hours, bringing the price to $0.07806.

Toncoin (TON)

The price of Toncoin is going up as more investors are interested in the cryptocurrency and TON Storage is being used more. The price of TON went up by 4.16% in the last 24 hours, reaching $2.98.

Fartcoin (FARTCOIN)

This memecoin, made on the Solana chain, has good expectations from investors as it’s making a symmetrical triangle pattern in the technical chart after the handle and cup formations. The price of FARTCOIN is $0.90, and it went up by 4.17% in the last 24 hours.

Raydium (RAY)

The native token of the decentralized exchange within the Solana ecosystem continues its upward trajectory driven by heightened trading volume, the migration of PumpFun tokens to Raydium, and a strategic token buyback initiative. The ‘golden cross’ pattern identified in technical indicators has further bolstered buying pressure. RAY has risen by 4.73% in the past day, reaching a trading value of $2.17.

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Other articles published on Apr 17, 2025