The crypto market is showing signs of stability after months of turbulence, with Bitcoin (BTC) holding firm around the $94,500 mark — a level last seen during February’s consolidation phase. After a sharp correction earlier this year, Bitcoin’s recovery is now helping the broader crypto market maintain momentum.
Crypto Market Stabilizes Around $2.97 Trillion
Total crypto market capitalization has been hovering near $2.97 trillion since last week. Bitcoin is now comfortably trading above both its 50-day and 200-day moving averages — a strong bullish signal that suggests buyers are regaining control. However, sentiment remains cautious, with traders keeping wide stop-losses as they tread carefully through a neutral market mood.
Bitcoin Shines, Ethereum Faces Key Resistance
While Bitcoin has shown impressive strength, Ethereum (ETH) is facing a tougher battle. ETH has been struggling for nearly a week to break through its 50-day moving average near $1,800. Historically, Ethereum has often gained momentum when pushing above this technical level. For now, ETH remains stuck inside a descending channel that’s been in place since late December.
Bullish Bets Grow as Bitcoin Options Heat Up
Adding fuel to the bullish narrative, QCP Capital reports that Bitcoin call options — particularly those targeting a $95,000 price by the end of April and May — are dominating the options market. This indicates that investor appetite for higher prices remains strong despite overall market caution.
Macroeconomic Winds Turn Favorable
In a move welcomed by markets, former President Donald Trump softened his stance last week, expressing support for Federal Reserve Chair Jerome Powell and pledging to reduce tariffs on Chinese imports. This shift in rhetoric helped boost investor confidence across traditional and crypto markets alike.
Bitcoin Price Forecasts: Is $2.4 Million Possible?
Looking further ahead, ARK Invest has released an eye-catching forecast for Bitcoin’s future price. Their models suggest BTC could soar to $500,000 in a bearish case, reach $1.2 million in a base case, and potentially hit a staggering $2.4 million by 2030 if institutional and sovereign wealth fund adoption continues to grow. These projections are based on total addressable market (TAM) estimates and Bitcoin’s issuance trends.
Stablecoins Set for Explosive Growth
Meanwhile, Citigroup predicts that stablecoins could become a dominant force in the financial sector by the end of the decade. They expect stablecoin market capitalization to grow to $1.6 trillion in a base case, and possibly up to $3.7 trillion in a more bullish scenario by 2030.
Major Boost: US Federal Reserve Eases Crypto Banking Rules
In a landmark move for the industry, the U.S. Federal Reserve announced it will no longer require banks to seek prior approval before engaging with digital assets. This regulatory shift could pave the way for deeper crypto integration within the traditional banking system, boosting long-term growth prospects for the sector.
Bitcoin’s recovery to $94,500 is a strong signal that the crypto market is finding its balance again. With bullish momentum building, favorable macroeconomic signals, and long-term forecasts painting a bright future, 2025 could very well be a pivotal year for both Bitcoin and the wider blockchain ecosystem.
