The crypto market is higher today, with the total market size rising by some 3.3% over the past 24 hours to reach $2.93 trillion on April 23. This is driven by the two largest cryptocurrencies, with Bitcoin rising by some 3.8% and Ethereum rising by a steeper 8.5%.
Crypto market pumps as BTC breakout is confirmed
Bitcoin price returned to $94,000, a price not seen since the beginning of March of 2025. This technical break above a significant psychological barrier has assisted in developing solid market resilience. Altcoins also followed and gained a couple of percentage points in the last 24 hours.
Analyst Rekt Capital notes that recent price action is a clean breakout of the pattern that has limited Bitcoin’s movements for weeks. Following several tests of lower levels of support in the past few days, buyers have stepped in with sufficient strength to drive prices higher. Trading volume has also increased by 34% in this reversal and has provided more evidence that the breakout is g
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