On April 26, 2025, the cryptocurrency market displayed significant activity, with Bitcoin surpassing the $94,000 mark. Meanwhile, volatility continues to remain high.
Bitcoin Price Surge and Market Capitalization
At the time of trading, Bitcoin was priced at $94,359, with a market dominance of 63.3%. Ethereum followed closely with a price of $1,808 and a dominance rate of 7.4%. The overall cryptocurrency market capitalization reached $2.96 trillion, alongside a 24-hour trading volume of $100.47 billion.
DeFi Stability and Ethereum Gas Fees
Transaction volumes on DeFi-related products remained stable. The total value locked across all DeFi platforms was $173.77 billion, indicating that DeFi is still robust to fluctuations in the market. Ethereum gas fees were recorded at 1 GWEI during this period, signifying that the network was not congested and transaction fees were low.
Liquidations and Market Volatility
Major liquidation activity accompanied the market's overall gains. Bitcoin recorded the highest liquidation figure over the past 24 hours, totaling $83.34 million. Ethereum followed with $52.12 million in liquidations. Additional liquidations involved altcoins, highlighting high volatility in the trading segment.
The cryptocurrency market continues to exhibit active fluctuations with new records for Bitcoin and significant position changes in altcoins. The stability of DeFi remains a crucial factor amidst high volatility.
