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Crypto news update Bitcoin prices crossed the 88100 mark on Tuesday April 22 driven by global liquidity and renewed institutional interest in the crypto market Even as the cryptocurrency market capitalisation witnessed a slight drop of 030 per cent over the past 24 hours to 274 trillion according to data on CoinMarketCap the total market volume rose 2869 per cent to 8664 billion Further volume of stablecoins was at 819 billion which is 9454 per cent of the total crypto market 24hour volume and DeFi trade was at 655 billion which is 756 per cent of the total crypto market volume CoinMarketCap data showed Bitcoin the worlds largest crypto token by circulation saw an increase of 063 per cent trade volume over the past 24 hours taking its dominance in the market to 6368 per cent as per the data Bitcoin Price Today Crosses 88100 Ether Solana UpAt the time of writing Bitcoin was at 8814263 up 072 per cent over the previous day with a market cap of 175 trillion also up 075 per cent and trade volume of 3758 billion according to CoinMarketCap data The worlds secondbiggest crypto Ethereum networks Ether was up 420 per cent to 157957 on April 22 data showed Its market cap was at 19067 billion up 422 per cent with trading volume of 1436 billion Stablecoin and the worlds mosttraded token Tether was priced at 09999 it is linked to the US Dollar Tethers market cap was at 14472 billion with trade volume of 6756 billion nearly double that of Bitcoin as per data Donald Trumps favoured Solana token was also up to 13903 apiece with a market cap of 719 billion and volume of 382 billion Industry Bullish What Do Experts Say Lies AheadAccording to Mudrex cofounder and CEO Edul Patel Bitcoins upward trajectory is driven by rising global liquidity renewed institutional interest and an expanding M2 money supply Other factors he listed include Bitcoin spot ETFs seeing over 300 million in inflows and Strategy adding 6556 BTC to its holdings Pointing that Bitcoin crossed the 88500 mark early on April 22 CoinSwitch Markets Desk noted that the token is at present trading above both its 20 and 50day moving averages CoinDCX Research Team also noted that the technicals have turned bullish for Bitcoin Meanwhile Avinash Shekhar Cofounder and CEO of Pi42 is optimistic that Bitcoin is nearing the 90000 mark He feels that halving momentum increased open interest and strong trader sentiment are contributors Riya Sehgal Research Analyst Delta Exchange believes this is a pivotal moment noting that Bitcoin is now trading just below the 200day Simple Moving Average at 88357 what she called a key technical threshold that often marks the divide between longterm bearish and bullish trends Crypto assets have displayed resilience further reinforcing Bitcoins narrative as a hedge against economic instability If Bitcoin can decisively break through the 88800 resistance it may open the door for a rally toward the 9200094000 range according to Sehgal Currently trading above 88000 Bitcoin has broken out of its downtrend signalling a healthy reversal from the recent selloff said Patel He believes if bulls can sustain these levels a move toward the 93000 resistance is possible with support standing at 85000 Meanwhile onchain activity shows Ethereum whale accumulation of 3844 ETH indicating early signs of recovery from the current levels Patel added Shekhar concurs The market is filled with confidence as traders celebrate big milestones and anticipate further gains Altcoins are experiencing renewed interest as investors respond to changing dynamics and look for potential prospects Bitcoin has reclaimed the 87500 mark while Ethereum is probing the 1500 resistance with obvious signs of increased market action and investor interest Dogecoin and other top altcoins are steadily advancing indicating careful but optimistic momentum Overall the crypto market sentiment continues to be bullish backed by excellent technical indicators as well as increased participation Disclaimer This story is for educational purposes only The views and recommendations made above are those of individual analysts or broking companies and not of Mint We advise investors to check with certified experts before making any investment decisions