Binance Market Update (April 16, 2025)

The global cryptocurrency market experienced growth on April 16th, 2025, with a total capitalization surpassing $2.71 trillion. Over the past day, the market witnessed a slight increase of 1.18%. Bitcoin (BTC) traded between $83,112 and $86,496 over the past 24 hours, currently settling at $83,802 after a drop of -2.40%. Market sentiment is mixed with many major cryptocurrencies performing differently. Notably, WCT, ARDR, and OM are seeing notable gains of 139%, 92%, and 33% respectively. **Crypto News Today** highlights Cardano’s market decline as Bitcoin falls below $84,000, while ProShares updates its spot XRP ETF filing. **Binance Futures** is launching an AERGOUSDT Perpetual contract with 15x leverage. **Top Stories of the Day** cover various news stories about Bitcoin, including a possible $874 billion unlocking for BTC, NVIDIA’s export restrictions on H20 chips, and Republican proposals regarding tax brackets for wealthier Americans. **BNB Chain**, meanwhile, completed its 31st quarterly token burn, removing $916 million worth of BNB. Ethereum dominated DApp revenue in Q1 2025, generating over $1 billion in fees and outperforming Base and Arbitrum. **Bitcoin News Today** reports on Bitcoin’s bullish comeback as Binance Taker Ratio shifts towards neutrality and a potential break-out to $85,000. Opinions include a plan for a U.S. budget-neutral BTC program that could boost prices to $398K, and an opinion piece regarding the adoption of Bitcoin by Intuit.** **Market Movers** show notable fluctuations in cryptocurrency prices: Ethereum dropped by 4.21%, XRP fell 4.48%, and BNB decreased by 1.89%. **Top gainers on Binance** include WCT/USDT (+139%), ARDR/USDT (+92%), and OM/USDT (+33%).