Binance Market Update – April 20, 2025

The global crypto market cap saw a slight dip yesterday, falling by 0.58% to $2.67 trillion. Over the past 24 hours, Bitcoin (BTC) traded between $84,578 and $85,678, currently closing at $84,584 after a 0.87% decrease. While most major cryptocurrencies are experiencing mixed trades, notable outperformers include VOXEL (+213%), NKN (+103%), and MAGIC (+71%). Today’s market highlights the upcoming economic events next week, including Trump’s economic approval dropping to a record low due to tariffs and inflation concerns. Slovenia has proposed a 25% tax on cryptocurrency gains starting in 2026, while Texas is set to hold a hearing about Bitcoin reserves and investment. There are also notable losses reported from Semler Scientific regarding Bitcoin investments in Q1 of 2025. Meanwhile, Schwab CEO predicts the launch of direct spot cryptocurrency trading, and Michael Saylor highlights Bitcoin’s lack of counterparty risk. Finally, Binance’s retail dominance index rose to 89.6%, according to CryptoQuant data. Bitcoin pricing remains volatile due to market uncertainty.