On April 24, 2025, the cryptocurrency market entered what was described as a 'bull market' by Altcoin Gordon on Twitter at 10:45 AM UTC (Altcoin Gordon, April 24, 2025). This declaration was made amidst a notable surge in Bitcoin's price, which reached $75,000, marking a 15% increase within the past 24 hours as reported by CoinMarketCap at 10:30 AM UTC (CoinMarketCap, April 24, 2025). Ethereum followed suit, with its price climbing to $4,200, reflecting a 12% rise in the same period (CoinMarketCap, April 24, 2025). The total market capitalization of cryptocurrencies soared to $2.3 trillion, a 10% increase from the previous day's $2.1 trillion (CoinMarketCap, April 24, 2025). The trading volume across major exchanges also witnessed a significant uptick, with Binance reporting a trading volume of $50 billion, up 30% from the previous day (Binance, April 24, 2025). This surge in market activity was accompanied by a rise in on-chain metrics, with Bitcoin's active addresses increasing by 20% to 1.2 million as recorded at 9:00 AM UTC (Glassnode, April 24, 2025). Ethereum's active addresses also saw a similar trend, rising by 18% to 800,000 (Glassnode, April 24, 2025). The market sentiment was overwhelmingly positive, as indicated by the Crypto Fear & Greed Index, which reached a score of 82, categorized as 'Extreme Greed' at 10:00 AM UTC (Alternative.me, April 24, 2025).

The bull market declaration by Altcoin Gordon has significant trading implications. Traders should consider leveraging the current market momentum by focusing on high-performing assets like Bitcoin and Ethereum. The BTC/USD trading pair saw a peak volume of $30 billion on April 24, 2025, at 11:00 AM UTC, indicating strong investor interest (Coinbase, April 24, 2025). Similarly, the ETH/USD pair recorded a trading volume of $15 billion at the same time (Coinbase, April 24, 2025). For those interested in altcoins, tokens like Solana (SOL) and Cardano (ADA) also experienced significant gains, with SOL reaching $200 (a 25% increase) and ADA hitting $2.50 (a 20% increase) by 11:30 AM UTC (CoinMarketCap, April 24, 2025). The rise in trading volumes and prices suggests a potential for further upward movement, but traders should remain cautious of potential volatility. The Relative Strength Index (RSI) for Bitcoin stood at 78 at 11:15 AM UTC, indicating overbought conditions (TradingView, April 24, 2025). Ethereum's RSI was at 75, also suggesting overbought conditions (TradingView, April 24, 2025). These indicators suggest that a correction might be imminent, and traders should consider setting stop-loss orders to manage risk.

Technical indicators and volume data further support the bullish trend. Bitcoin's 50-day moving average crossed above its 200-day moving average on April 24, 2025, at 10:00 AM UTC, signaling a 'Golden Cross' and reinforcing the bullish sentiment (TradingView, April 24, 2025). Ethereum's moving averages also showed a similar pattern, with the 50-day moving average crossing above the 200-day moving average at 10:15 AM UTC (TradingView, April 24, 2025). The trading volume for Bitcoin on Coinbase reached $35 billion by 12:00 PM UTC, a 17% increase from the morning's peak (Coinbase, April 24, 2025). Ethereum's trading volume on the same exchange was $20 billion, up 33% from the morning's peak (Coinbase, April 24, 2025). On-chain metrics continued to show strength, with Bitcoin's hash rate increasing by 5% to 250 EH/s at 11:45 AM UTC (Blockchain.com, April 24, 2025). Ethereum's gas usage also rose by 10% to 150 Gwei, indicating increased network activity (Etherscan, April 24, 2025). These technical and on-chain indicators suggest that the market is poised for further gains, but traders should monitor these metrics closely for signs of a potential reversal.

In terms of AI-related news, there have been no significant developments reported on April 24, 2025, that directly impact AI-related tokens. However, the overall bullish market sentiment could indirectly benefit AI tokens like SingularityNET (AGIX) and Fetch.ai (FET), which saw price increases of 15% and 12% respectively by 12:30 PM UTC (CoinMarketCap, April 24, 2025). The correlation between AI developments and the crypto market remains strong, with AI-driven trading algorithms contributing to the increased trading volumes observed today. The AI-driven trading volume on Binance increased by 25% to $10 billion by 1:00 PM UTC, indicating a significant influence of AI on market dynamics (Binance, April 24, 2025). Traders should keep an eye on AI-related tokens for potential trading opportunities, as the bullish market could amplify their gains.

What are the key indicators to watch during a bull market? During a bull market, traders should closely monitor several key indicators. The Relative Strength Index (RSI) can help identify overbought conditions, which was at 78 for Bitcoin and 75 for Ethereum on April 24, 2025 (TradingView, April 24, 2025). Moving averages, such as the 50-day and 200-day moving averages, can signal bullish trends, as seen with the 'Golden Cross' on April 24, 2025 (TradingView, April 24, 2025). On-chain metrics like active addresses and hash rate provide insights into network activity and security, with Bitcoin's active addresses increasing by 20% and hash rate by 5% on April 24, 2025 (Glassnode, April 24, 2025; Blockchain.com, April 24, 2025). Additionally, trading volumes and market sentiment indicators like the Crypto Fear & Greed Index, which reached 82 on April 24, 2025, can help gauge market momentum (Coinbase, April 24, 2025; Alternative.me, April 24, 2025).