Crypto price wrap: Bitcoin, Ethereum, XRP pare gains

The crypto market saw a mixed performance on April 24, 2025, as major cryptocurrencies pulled back from recent highs amid profit-taking and market consolidation. 

Crypto market’s total capitalization shed 1.5% to $2.89 trillion, while the Asian session saw volume dip 24% to just over $105 billion.

Bitcoin, Ethereum and XRP all pared gains as Official Trump, Onyxcoin and Polygon rose to lead the top 100 by market cap in terms of 24-hour performance. 

Investors remain cautious, although whale activity and on-chain data signal both accumulation and potential volatility ahead.

Bitcoin, Ethereum, and XRP price movements

Bitcoin (BTC) pared gains after a recent rally, trading at approximately $92,630. BTC price was down 1% in the past 24 hours, according to market data. 

This pullback follows a strong upward trend, as highlighted here. CryptoQuant analysts say there’s significant accumulation by Bitcoin whales. 

Ethereum (ETH) also saw a decline, shedding 3% to hover around $1,748. It reflects broader market sentiment that also had XRP, drop more than 5% to $2.15.

This is despite earlier gains driven by positive sentiment around the US-based cryptocurrencies.

Whales accumulate Chainlink

Chainlink (LINK) is seeing notable activity from large holders. 

According to Lookonchain, Chainlink whales have accumulated over 2.5 million LINK tokens in the past week, worth approximately $35 million. 

This accumulation trend mirrors broader whale behavior in the market, as seen with Bitcoin, and could signal confidence in Chainlink’s role in the DeFi and oracle sectors. LINK traded at $14.38, up 3.8% in the past 24 hours.

Top gainers and losers

OFFICIAL TRUMP (TRUMP) led top gainers with +32% after skyrocketing on Wednesday.

TRUMP hovered near $12.26. Other top performers in the past 24 hours were Onyxcoin (XCN) and POL (prev. MATIC) (POL) with +10.5% and 8% respectively.

On the other hand, top losers on the day include DeXe (DEXE), which is down 15% to around $13.

Profit taking is also what has impacted Immutable (IMX), which was down 12% to $0.5636. Bonk (BONK) and Jito (JTO) also traded lower, down 9.7% and 8% respectively.

Analysts weigh in

Analysts are offering varied perspectives on the market’s next moves. 

CryptoQuant’s post on X pointed out a surge in Bitcoin exchange inflows, with over 50,000 BTC deposited in a single day.

Such moves are often a precursor to heightened volatility or profit-taking. 

Another CryptoQuant update highlighted a spike in Ethereum network activity, with transaction volumes reaching a three-month high. Given recent action, it suggests a potential bullish momentum for ETH. 

Meanwhile, QCP Group’s analysis commented on the launch of Twenty One Capital by Tether and SoftBank.

A look at the crypto market suggests bulls remain largely in charge. However, broader market dynamics, including tariffs and inflation may be key catalysts to watch.