Crypto update: Bitcoin at $94k, Ethereum and Solana dip; SIGN soars 160%, FLM plunges 21%
By News Desk Published on April 28, 2025, 20:38 IST
The cryptocurrency market remained mixed on Monday evening, with Bitcoin (BTC) holding steady while several altcoins witnessed sharp movements.
Bitcoin was trading at $94,389.67, marking a 0.49% gain over the past 24 hours. Ethereum (ETH), however, slipped 0.68% to $1,782.82. Binance Coin (BNB) saw a mild uptick of 0.25%, trading at $601.87.
Among altcoins, Solana (SOL) declined by 1.09% to $147.15, while Ripple (XRP) gained 2.26% to reach $2.29. Meanwhile, Cardano (ADA) edged higher by 0.42% to $0.7002, and Dogecoin (DOGE) slipped 1.94% to $0.1778. Top Gainers: SIGN soared by 160.13% to $0.07804 , emerging as the biggest gainer.
SHELL rose 21.03% to $0.2049 .
PENGU added 16.96% , now priced at $0.0120 .
VIRTUAL advanced 15.50% to $1.24 .
ARDR gained 15.09%, trading at $0.12601.
Other notable gainers included CETUS, BAR, CGPT, EDU, and ALPACA. Top Losers: FLM plunged 20.88% to $0.0341 , making it the worst performer of the day.
VIB fell 18.33% to $0.01707 .
INIT dropped 17.26% to $0.6322 .
PERP slipped 12.69% to $0.3096 .
WING declined 12.39% to $0.99.
Other cryptocurrencies like LTO, CHESS, PDA, BMT, and LEVER also posted losses.
The overall sentiment appeared cautious, with investors reacting to broader market cues while selectively rotating into specific altcoins showing positive momentum.
Disclaimer: Cryptocurrency investments are subject to market risks. Readers are advised to conduct their own research or consult with a professional advisor before making any investment decisions.
News desk at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
41 minutes ago
- Yahoo
The open road ahead for investors: Morning Brief
SPACS are back. Bitcoin's riding high. Nvidia's (NVDA) market cap is $3.8 trillion. Imminent or at least soonish rate cuts are back on the table. And the S&P 500 (^GSPC) is flirting with a new closing record amid tech optimism. Stripped of context and isolated from worrisome headlines, you'd think the market was operating in a different time period. But here we are. The news environment and political moment matter, of course, as this latest bout of unleashed animal spirits is a reaction to shrinking negative catalysts and the dissolving of some of the most troublesome uncertainties. The current pivot back to 2024 market narratives has been a sharp one, and the week's Fed drama was bolstered by a pair of readings Thursday: A weaker first quarter GDP estimate than was previously reported and fresh labor data bolstered the case that it's getting tougher for people out of a job to find work. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy The updates appeared to convince more investors that the Fed will speed up rate-cutting plans to address deteriorating economic conditions. Market bets are welcoming the "bad news" with open arms because it means there's a chance the first rate cut could arrive as soon as July, and if not, almost certainly by September, and because that "bad news" comes as the unemployment rate is still — as Powell is wont to remind the public — at a historically low 4.2%. The dovish turn coincides with a sentiment shift that the tariff impact will be more muted than originally thought. And market optimism has been jolted as Wall Street interprets the hostilities between the US and Iran as on a path to deescalation. "The stock market is back at record highs as various uncertainties start to fade," said Paul Stanley, chief investment officer at Granite Bay Wealth Management, in a note Thursday. "The market is betting on continued progress on trade and a de-escalation of tensions in the Middle East is giving investors confidence." But as Stanley and others point out, even as the market reaches for new highs, it's unclear what the next major catalyst could be with last quarter's major obstacles out of the way. If so much of the positive momentum flowed from the collapse of worst-case scenarios, focus now goes to the positive ones. And there certainly are plenty to count. Fed cut speculation could turn into an actual Fed cut — or Fed cuts. The Magnificent Seven could get their mojo back and turn around a rough year. More trade deals could emerge instead of trade war pauses. That's one way to look at it. But things can obviously keep trucking along even when the drama dies down. Conditions have been so volatile that it's easy to forget earnings growth and the AI story were more than enough to power the market for a good while. When volatility drops, the market's rise almost seems gravitational. With a clearer playing field, what's to stop that from happening again? Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Shell and partners boost gas production from Norway's Ormen Lange field
OSLO (Reuters) -Energy major Shell and its partners have started up two subsea compression stations at Norway's Ormen Lange gas field to help boost recovery of gas reserves, which are exported to European markets, the companies said on Friday. The new compressor stations will increase the amount of gas recovered from the field from 75% to 85%, adding an additional 30-50 billion cubic metres (bcm) of gas, Shell said in a statement. Gas from Ormen Lange is processed at the Nyhamna plant on Norway's west coast and exported to the European Union and Britain. Norway in 2022 overtook Russia as Europe's biggest gas supplier after Moscow's invasion of Ukraine, and maintains a programme of upgrades and exploration to maintain supply levels. Ormen Lange is operated by Shell, which holds a 17.8% stake in the field, with the other stakes held by Petoro (36.5%), Equinor (25.3%), Orlen Upstream Norway (14%) and Vaar Energi (6.3%). Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Why BP could still be a target as Shell quashes takeover rumours
Shell (SHEL.L) has put paid to reports that it was in talks to buy its rival BP (BP.L), adding that it had "no intention of making an offer" for the firm. In a statement to markets on Thursday, the oil major said: "In response to recent media speculation, Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer.' The merger would have been among the largest in the oil industry's history, but Shell's denial ends decades of speculation over a possible deal between two of the UK's biggest companies. However, analysts still believe BP is a firm takeover target. "The fact rumours keep circulating might suggest there is some truth in the matter, be it Shell or someone else looking to buy the UK oil and gas producer," Dan Coatsworth, an investment analyst at AJ Bell, said. 'Shell says it hasn't been actively considering an offer, but that doesn't mean it won't do so in the future.' BP was once valued at more than £140bn but is currently valued at £57bn. Its relatively cheap valuation compared to its peers makes it a firm takeover target for larger companies in the oil and gas sector. It has lost almost a quarter of its value over the last two years, while its competitors in Europe and the US have managed to grow and rake in record profits. Applying the 36% average bid premium seen on London-listed stocks so far this year implies a potential takeover valuation for BP of £78bn — representing one of the biggest takeovers ever for a FTSE 100 (^FTSE) company. Its recent strategy reset failed to go as expected, and the presence of an activist investor pushing for change is also a reason for potential acquisition. Florida-based Elliott Management is reportedly lobbying for the London-based energy giant to close several divisions and cut administrative functions, in an attempt to cut costs. The investor wants BP to close BP Ventures, its £1.2bn venture capital arm, which has supported 75 energy start-ups that BP believes may become profitable. The American activist investor also wants BP to axe its forecasting arm which predicts macroeconomic conditions such as the oil price, and cut its strategy team, which was responsible for planning BP's transition away from fossil fuels, which the company is now reversing. Shell buying BP would greatly increase its size and scale, but it may only be after certain assets rather than the company as a whole, particularly after buying BG Group for £47bn in 2015. Price is a major factor but the CEO has already implied that buying back shares is a better use of the company's money than buying BP. 'It is riding high from having a tight strategic focus and reaping the benefits of buying BG a decade ago, giving it an enviable position in LNG [liquefied natural gas]. In a recent strategy update, it pledged to hand out a greater percentage of its growing stream of cash flow to shareholders and find more ways to save money in the business and reduce capital spending," Coatsworth said. 'Shell might have the financial muscle to make big acquisitions but it's already done one huge deal and may not want to risk doing another. Most so-called 'transformational deals' destroy, not generate, value for the buyer. Cost synergies often fall short, there can be cultural clashes, and integration can be complicated and messy.' Large shareholders may not be on board for a Shell takeover of BP, seeing it as a higher-risk investment. BP has fallen out of favour with investors after it announced plans to slash its oil and gas production in favour of spending billions on renewable energy projects. Integrating the business comes at a cost, and there is the added time and dedication required of management. Investors may believe that Shell is already well served by its current assets. 'If Shell doesn't move on BP, there's a good chance someone else will. In either situation, the UK government is going to have a lot to think about," Coatsworth said. He added that Saudi Aramco ( Exxon Mobil (XOM), Chevron ( TotalEnergies (TTE) or a private equity consortium could be interested in all or some of BP, but that foreign players could come up against opposition from the UK government and regulators. A takeover either way could result in big job losses, and an overseas investor could cause a political stir around one of the country's biggest energy players falling into foreign in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
