TL;DR
- At the end of April, Bitcoin’s value surpassed $97,000, countering pessimistic projections and reigniting interest from small investors.
- Bitcoin’s surge boosted memecoins, which saw a massive increase in price and mentions on social media, reigniting the debate about a potential “bull cycle.”
- Santiment warns of a possible correction, as speculative peaks have historically preceded market downturns.
The end of april brings unexpected crypto market surge, fueled by Bitcoin recovery and small investor interest
Bitcoin’s value soared, surpassing $97,000 at the time of writing, reversing the pessimistic projections from earlier in the month. Bitcoin’s recovery triggered a chain reaction across other assets, particularly memecoins, which once again attracted speculative attention.
📊 The sentiment toward Bitcoin, Ethereum, XRP, BNB, Solana, and Dogecoin are wildly different following crypto's impressive 3-week rebound. We cover how fear has transitioned to slight greed in our latest insight, in collaboration with @Bybit_Official! 👇https://t.co/MDG9cfW05M pic.twitter.com/rz3eBvZmbj
— Santiment (@santimentfeed) May 1, 2025
According to Santiment’s data, the market followed a typical pattern seen in bullish phases: when Bitcoin gains momentum and then stabilizes, investors move their capital into more volatile assets in search of higher returns. In this context, memecoins experienced a significant rise in both price and social media mentions. Terms like “alt season” and “bull cycle” became prevalent in conversations, driven by the euphoric mood.
The report cautions that such movements often precede a market exhaustion phase. Speculative activity spikes and social media interaction surges have historically preceded significant corrections. Nevertheless, optimism persists, and forecasts now predict Bitcoin surpassing $100,000 in the coming months.
Ethereum Fails to Gain Traction as the Market Shifts Focus to XRP
Ethereum, however, continues to struggle in gaining significant interest. Its share in discussions surrounding the top 100 cryptocurrencies dropped to 6–7%, well below the levels it maintained in previous cycles. In contrast, XRP surged, fueled by the increased likelihood of the SEC approving a spot ETF by the end of the year.
Solana is currently facing ambiguity. Although it maintains presence in ETF discussions, its organic activity has declined, with much of the positive interactions seeming forced, according to Santiment. Dogecoin, on the other hand, has solidified its position as the memecoin with the most institutional potential, thanks to new applications to list ETFs tied to its price—clear evidence of large firms’ interest in its speculative potential
