Bitcoin’s rather boring price actions continued in the past 24 hours, but the asset has notched some minor gains and stands above $85,000.

Solana has jumped the most from the larger-cap alts and now trades close to $140, while ETH continues to struggle with reclaiming $1,600.

BTC Above $85K

It was a relatively quiet week for the primary cryptocurrency, especially when compared to the previous one. Back then, the asset plunged by $12,000 to under $75,000 for the first time in five months, only to regain a big portion of that by Thursday and Friday.

The weekend was sluggish, but the bitcoin bulls had minor control. They drove the asset from under $83,000 to $85,000 by Sunday evening. Moreover, BTC jumped to $86,000 on Monday but was stopped there and dropped to $83,000.

Another leg up followed on Wednesday when BTC peaked at a multi-week high of $86,500. However, it faced another rejection there and lost over three grand. More volatility ensued after Jerome Powell’s latest public appearance, in which he warned against the potential impact of Trump’s trade war on the US economy. BTC fell by a few grand but recovered the losses in the following days and now sits above $85,000.

Its market cap has slipped to $1.690 trillion on CG, while its dominance over the alts stands tall at 61%.

TRUMP Rises

Most larger-cap alts have produced minor gains over the past day. Under or around 1% increases are evident from ETH, XRP, DOGE, BNB, and ADA. SOL has risen the most from this cohort of assets by 3.7% and now trades at $140.

The biggest gains on a daily scale come from Official Trump. The meme coin launched by the US President and his team is up by almost 12% and now trades above $8.5. TAO, IMX, FLR, and HYPE follow suit, with price increases of up to 8%.

The total crypto market cap has remained at essentially the same place as yesterday, at $2.780 trillion.

The foreign equities and gold bug investor with over a billion dollars in assets under management took a big swipe at Bitcoin and Michael Saylor’s BTC-accumulating finance company, formerly named MicroStrategy.

He said Strategy will go bankrupt over Bitcoin. But if this is reverse psychology, it must be working on Saylor. His company still hasn’t stopped racing other firms for more BTC in whale-sized bites.

Peter Schiff Pulls No Punches on BTC in X Spaces Gag

To start off the program, Schiff said Bitcoin’s promoters sold it as a kind of digital gold, but it hasn’t performed like the precious metal at all, so the “marketing” was a “fraud.”

“The idea that it’s digital gold has been destroyed because it trades nothing like gold. It’s just some kind of risk asset.”

But, Bitcoin’s promoters did not say it would perform as an investment with ROIs like gold. They said it is similar in its economic properties to the metal because of its limited supply and the difficulty and cost of securing it.

While it is true that Bitcoin’s price lately has not traded like gold, that’s because over timescales very relevant to individual investors it has performed fantastically better than the yellow metal.

Bitcoin vs. Gold ROIs 2009-10 to Present

INSIGHT: Gold’s growth is strong, but Bitcoin’s massive gains can’t be ignored.

Gold just hit a new ATH of $3,310, while Bitcoin is consolidating. But when we zoom out, BTC’s epic rise far outpaces gold’s performance.

What’s your prediction? pic.twitter.com/1OkHGXltp5

— Coin Bureau (@coinbureau) April 16, 2025

Some fraud that would be to explain to a judge:

Sorry, we told the litigant that the product was like an instrument that delivered 230% ROI in 16 years since 2009, and it only delivered 2.82 billion percent since 2010.

On the X podcast, Schiff asked:

“What purpose does Bitcoin serve? We got plenty of risk assets out there. It’s a super risk asset that’s going to go up faster than other risk assets. Based on what?”

He added, “At least a tech stock- there’s the story there of future earnings that could materialize, you’re buying a business that could earn money.”

Bitcoin provides a banking service, which is traditionally a very profitable, high-growth business because everyone needs it every day in a market economy.

Moreover, Bitcoin does so in a way that is simple and fundamentally useful. It is proven to work reliably, fairly, transparently, and easily for anyone to use.

Bitcoin’s price was up 36% over the trailing 12 months in mid-April.

TL;DR

• Although bitcoin’s price tumbled by over 20% since its January all-time high and is currently nowhere near it, a crucial metric shows that the actual cycle peak is not here yet.
• In terms of entry prices, though, one analyst cautioned that the current levels might not be optimal.

No Peak Yet?

After hitting an all-time high on January 20 this year at over $109,000, bitcoin’s price started to lose value gradually until the end of the month and then nosedived following the global economic uncertainty prompted by US President Trump’s controversial approach.

The culmination came last week when BTC tumbled below $75,000 for the first time in five months. This meant that the asset had lost nearly $35,000 in less than three months.

This split the community into those who believe the bull market has come to a screeching halt and those who rely on history to be more optimistic, suggesting that such substantial corrections have occurred during all previous cycles. But there are only that—corrections, and BTC will persevere.

Ali Martinez, a crypto analyst with over 135,000 followers on X, brought another key metric that could support the latter. It still relies on historical performance, but it’s not focused on the technical aspects. Instead, it measures the retail activity as BTC tends to peak after a massive influx of such investors.

So far, there hasn’t been a big retail wave. This is evident from the lack of Google searches as well as the missing “retail activity through trading frequency surge.”

#Bitcoin $BTC market tops have historically aligned with surges in retail activity. The move from $70,000 to $110,000 lacked that, echoing the late 2021 setup. pic.twitter.com/rVJPUTpXZC

— Ali (@ali_charts) April 18, 2025

Martinez noted that the current cycle resembles the 2021 run when BTC peaked in April, only to break that high at the end of the year.

Don’t Rush to Buy

Although history suggests there might be more gains on the horizon for BTC, Martinez published another chart that suggests investors should maybe be more patient before allocating funds to the largest digital asset.

This is because of the Bitcoin Exchange inflow volume, a metric used to “spot strong entry points.”

#Bitcoin $BTC exchange inflow volume momentum is a key metric for spotting strong entry points. For now, it’s signaling patience. We’re still waiting for the right opportunity to step in. pic.twitter.com/NSS1fZcHMl

— Ali (@ali_charts) April 19, 2025

This essentially confirms a previous report by Glassnode, which read that the BTC market is now in a “wait-and-see” phase.