Bitcoin Rises Slightly as Dollar Depreciated

U.S. Dollar Falls on Uncertainty in U.S.-China Talks
Capital Flows in to Cryptocurrency as Dollar Declines
BTC Holds Around $93,000...Altcoins Rise Slightly
Glassnod "BTC Looms Rally on Whale Buying"

Bitcoin(BTC) rose slightly on Apr. 25 due to the fall in the dollar's value due to uncertainties in tariff negotiations between the U.S. and China.

Earlier, U.S. President Trump announced that he was negotiating with China. However, China's foreign ministry said in an official statement on Monday that there was no dialogue with the U.S. government.

The U.S. dollar index(DXY) fell 0.56% on Apr. 24 amid news that the dialogue between the two countries, G1 and G2, which recently caused the asset market to falter, was uncertain.

The cryptocurrency market, which has emerged as a hedging asset due to the weak dollar, rose slightly. Bitcoin remained around $93,000, and a number of altcoins recorded a rise of more than 3%.

◇Bitcoin = Bitcoin price is $93,626 at 4:30 p.m. on Apr. 25, 2025. The Bitcoin share(dominance) was 64.19%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 40.01% and 59.99%, according to the on-chain analytics platform Sigbtc.

Bitcoin is set to rally based on buying by Bitcoin whales, an analysis has been revealed.

On-chain analysis platform Glassnode predicted on the 24th that Bitcoin wallets with more than 10,000 Bitcoin sold Bitcoin on their X account, and the Bitcoin rally will come soon.

"Bitcoin holders with more than 10,000 volumes recorded a cumulative Bitcoin score of 0.9, showing a perfect accumulation," Glassnod said. "The cumulative Bitcoin score of Bitcoin holders with 1,000 to 10,000 is 0.7, and the cumulative Bitcoin score of Bitcoin holders with 100 to 1000 is 0.5. "

"Big wallets are buying for the rally," he stressed.

The Bitcoin cumulative trend score is an on-chain indicator that checks the balance between the wallets that buy Bitcoin and those wallets, and sets the buying and selling of Bitcoin based on power. The higher the number, the stronger the buying.

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Apr. 25 was Deepbook(DEEP), up about 12% on the day alone.

Deepbook is one of the native liquidity layers built with the aim of integrating liquidity within the DeFi protocol of the Sui ecosystem. Deepbook is evaluated as a CLOB-based liquidity layer that acts similar to Solana's serum.

Deepbook has attracted attention as a project to support liquidity management, playing a pivotal role in DeFi liquidity in Sui. Deepbook tokens are used within the Deep Book ecosystem for purposes such as fees, staking incentives, and governance.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 60 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 67.1, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr