Bitcoin Taps $94,000: Is $99,000 Next?
Posted On April 23, 2025
Bitcoin (CRYPTO: BTC) is trading near $94,000 with technical signals pointing to a potential move toward $98,000–$99,000, according to a new report from 10x Research.
However, analysts caution that a lack of strong stablecoin inflows may limit the rally’s sustainability, raising questions about market follow-through.
What Happened: The report noted that while Bitcoin has gained more than 10% since April 12, a key component of long-term price expansion, stablecoin issuance remains subdued.
Stablecoin inflows often serve as a leading indicator of new capital entering the crypto ecosystem.
“Our stablecoin minting indicator has yet to return to high-activity levels,” the 10x team wrote. “While a measured move …
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