Bitget Daily Briefing: Key Crypto Developments and Macro Insights (April 24, 2025)

Today’s Bitget Daily Briefing highlights significant events in the crypto space, including regulatory updates, macroeconomic insights, and a notable token generation event. Key takeaways include the US SEC Chair’s supportive stance on crypto, Fed commentary on market turbulence, and Dolomite’s TGE with an airdrop incentive. Below is a detailed summary of these developments and their potential implications for the digital asset ecosystem.

Bitget Daily Briefing (4.24) Highlights

Today’s outlook includes the release of US initial jobless claims, Dolomite’s TGE with a 20% DOLO airdrop, and the closure of Dubai Financial Services Authority’s tokenized regulatory sandbox applications. Macro topics include Fed’s Hamak stating market turbulence is due to risk transfer with no current need for action, and new US SEC Chair Paul Atkins expressing support for crypto. No specific mentions of coins or exchanges in the provided excerpt.

XRP and Bitcoin Face Resistance Amid Market Pullback

Crypto markets retreated Thursday as traders took profits following a recent rally. Bitcoin maintained support near $93,000 while altcoins underperformed—XRP, Ethereum, and Solana each fell over 2%, with Dogecoin leading losses at a 5% decline. XRP currently trades at $2.16, down 4% on the day.

Bitget’s Ryan Lee notes Bitcoin faces stiff resistance at $91,275, warning of potential retracement to $85,000-$90,000 if ETF inflows stagnate or the $95,000 ceiling holds. Market participants are scrutinizing macroeconomic signals and liquidity conditions for directional cues.

Analysts highlight XRP’s breach of the $2.24 resistance—a Fibonacci retracement level historically preceding strong uptrends—though the token now faces rejection at this threshold. The move suggests latent bullish momentum awaiting confirmation.