This Week in the Crypto Market: April 21-26, 2025

It’s been a bullish week in the crypto market. It was a week in which Bitcoin broke through important resistance levels, Ethereum gained momentum and the Sui ecosystem became a star. While US President Donald Trump’s positive rhetoric continued throughout the week, there were signals of economic easing in China. Bitcoin price rose 12 percent from the beginning to the end of the week. While the leading cryptocurrency started the week at $ 85,000, it reached $ 95,000 on Saturday. So what happened this week?

Here is what happened this week…

Bitcoin Breaks Resistance Levels One by One

The price of Bitcoin rose from $85,000 to $88,000 on Monday, April 21, 2025. This increase, which was seen as a small rise, led to the start of money inflows into the cryptocurrency market. Bitcoin was able to overcome the $87,000 resistance the next day. On April 22, Bitcoin rose from $88,000 to $93,500. With this rise on Tuesday, a new bull run began. Sui, in particular, managed to stand out in the bull market. Bitcoin reached its highest level of the week on Friday, rising to $95,700. These levels are expected to turn into a potential support point and Bitcoin is expected to target $100,000.

Strategy Breaks Its Silence: Bought Bitcoin!

Michael Saylor’s Strategy company bought 6,556 Bitcoin for $555 million between April 14-20. The report of the purchase made the previous week was announced this week. The report stated that Strategy plans to hold $ 42 billion worth of Bitcoin by 2027. Strategy’s last purchase was made at an average of $ 84,785. It is not known when the company, which buys regardless of the Bitcoin price, will sell.

Metaplanet Buys Bitcoin

Japanese technology company Metaplanet continues to adopt Strategy’s vision for Bitcoin. Metaplanet added a new one to its regular Bitcoin purchases. The company bought approximately 330 BTC during the period when the BTC price rose above $87,000. With this purchase, Metaplanet’s total assets increased to 4,855 BTC. Strategy’s last purchase was at an average of $84,785, while Metaplanet’s last purchase was $87,300. Experts predicted that BTC could reach $100,000 if these two companies’ aggressive purchases continue.

Metaplanet Makes Second Purchase of the Week

Japanese company Metaplanet made its second purchase of the week on April 24, 2025. According to records, Metaplanet added 145 BTC to its strategic Bitcoin treasury. With this purchase, the company now has 5,000 Bitcoin in its vault. The company’s latest purchase brings its total Bitcoin holdings to $428.1 million. Metaplanet’s Bitcoin average is at $85,621.

Coinbase Backed Zora Shakes the Market!

Zora, the NFT platform supported by Coinbase, one of the largest exchanges in the crypto market, was launched on April 23. Zora, which is shown as a project created to activate the Base network, faced many reactions at launch. The Zora project was criticized for the “reference priority” and “team distribution” during the airdrop process. Many airdrop participants stated that they received an insufficient amount of rewards. Zora suffered a major drop amid the criticism. This post-launch drop led to a decline in confidence in the project.

Vitalik Buterin Announces Plan to Save Ethereum!

Ethereum co-founder Vitalik Buterin made a sensational announcement this week. Speaking about Ethereum, which has been at the center of criticism for a long time, Buterin stated that they want to create a faster and more scalable blockchain. Buterin proposed to eliminate the Ethereum Virtual Machine (EVM) and implement a system called RISC-V. This system would overhaul the smart contract infrastructure. Buterin’s proposal to replace EVM with RISC-V has divided the Ethereum community. RISC-V will contribute to creating a more efficient Ethereum infrastructure, while developers will continue to build their smart contracts in the same software language. ETH started preparing for a potential rally after Buterin’s suggestion.

Fartcoin Makes Its Mark on the Solana Ecosystem

Fartcoin (FART), a memecoin on the Solana blockchain, continued its bull run in full swing. In this bull run, FART managed to rise to $1.15 in the middle of the week. This rise also helped Solana memecoins to move. FART’s market capitalization rose above $ 1 billion. After this rise, FART managed to surpass BONK to become the second largest Solana memecoin, albeit for a short time. FART’s last one-week rise approached 30 percent. On the other hand, activity started in BONK. BONK rose 17.4 percent in the last 24 hours and rose to second place again. On the other hand, Solana’s largest memecoin by market capitalization was TRUMP coin.

Sui (SUI) Rally Starts

Sui, the layer-1 blockchain built on Move infrastructure, has seen dramatic growth in the last week. Considered Solana’s biggest competitor, Sui hosted hundreds of thousands of new wallets and network activity this week. The SUI price has also been on the rise, accompanied by increased network activity. While the weekly rise of the popular cryptocurrency reached 73 percent, the Mastercard partnership was behind the rise in question. The Sui blockchain, which has started to be preferred by institutions, has reached a market capitalization of over $ 10 billion. The first rally in altcoins in SUI divided crypto investors. Many investors said that SUI’s rise was manipulation and that big companies were behind these rallies. Still, SUI recorded a 40 percent increase in TVL despite the growing rumors.

Bitcoin Appetite Increases in the US

US spot Bitcoin ETFs recorded net inflows of over $3 billion this week. In the first week of consecutive inflows in five weeks, the Bitcoin price rose above $95,000. “ETFs have shifted from 1st gear to 5th gear,” popular ETF analyst Eric Balchunas wrote in an X post on April 24. The $3 billion spot Bitcoin ETF purchase has led to a resurgence of institutional demand for Bitcoin. Although Bitcoin has been on the rise with these purchases, altcoins have remained relatively weak. Experts predict that the rally will not start until spot altcoin ETFs are launched.

Cardano Founder Targets Ethereum

Cardano Founder Charles Hoskinson claimed that Ethereum will not last another 10 to 15 years and will disappear from the market. Hoskinson stated that he has serious doubts about the long-term sustainability of Ethereum, which is insufficient in terms of scalability and speed. Asked what he would do if he owned Ethereum, Hoskinson said he would solve three factors that hinder the network’s progress. These were the adoption of layer-2 solutions, problems in the governance system, and distortions in the economics of the blockchain. Hoskinson claimed that if all these problems are not solved, Ethereum will face the risk of extinction in the future.