Bitcoin Surges Past $87K Mark, Sparking Bullish Momentum Across Major Altcoins Including Ethereum, Solana, and Cardano

As of April 21, 2025, Bitcoin (BTC) has demonstrated a robust recovery, breaking through the $87,000 resistance level and reigniting bullish sentiment across the cryptocurrency market. This upward trajectory has created a positive spillover effect, with major altcoins such as Ethereum (ETH), Solana (SOL), and Cardano (ADA) following suit. Market analysts attribute this resurgence to renewed institutional interest and favorable macroeconomic conditions. Traders are closely monitoring key support and resistance levels, anticipating potential breakout opportunities in the coming days. The broader crypto market capitalization has seen a notable increase, reflecting growing investor confidence in digital assets as a hedge against traditional market volatility.

Bitcoin ($BTC) has risen to a significant extent in terms of price. As per the new market data, Bitcoin has surpassed the $87K mark following a brief dip earlier during the Easter week, marking its highest price level since March’s end. This massive price upsurge points toward a likely bull rally and renewed investor Optimism with similar performance shown by Ethereum ($ETH), Solana ($SOL), and Cardano ($ADA)

Bitcoin ($BTC) Gains 16% Since $75K Witnessed at March’s End

The latest market statistics disclose that Bitcoin ($BTC) has witnessed a 16% rise since recording a price low below $75,000 as of April 9. Hence, the latest price action is propelling Bitcoin to the upper boundary of the range-bound price channel. However, analysts consider the breakout to be within a broad range with key assets like Ethereum, Solana ($SOL), and Cardano ($ADA).

Ethereum (ETH) and Solana (SOL) Follow Suit

Amid the Easter season, which is observed in the commemoration of the resurrection of Jesus, the crypto sector is seeing an enormous price rally. While Bitcoin is leading the charge, Ethereum has also recorded a 1.46% price spike over the recent 24 hours.

At the moment, it is changing hands at $1,638.29. The short-term price target for Ethereum ($ETH) is $1,680. Additionally, $SOL is surging high with a robust support level at $139.96 while it sees $145 as a short-term short. In addition to this, its technical indicators and trading volume are also presenting a bullish overview.

Cardano (ADA) Again Surges as Market Sentiment Turns Positive

Such an increase in market volatility in Bitcoin, Ethereum, and Solana is led by the trade tensions in U.S. and China. Simultaneously, Cardano ($ADA) has also displayed resilience with its current price around $0.6381. Now, it is looking at $0.70 as the short-term price target. Amid the rising market capitalization price (MCP), long-term investors are aggressively investing in these crypto assets.