With Bitcoin’s current price at $88,178, combined with its historical resilience and expert forecasts, the overall outlook remains cautiously optimistic.
In the short term, investors should closely monitor the $83,000 support level and the $90,000 resistance threshold, as these levels are likely to shape market sentiment.
Short-Term Outlook: Correction or Bear Market?
On Easter Sunday 2025, Bitcoin reached a price of $84,600, marking its highest level on this holiday in 17 years, according to a report by DocumentingBTC on X. From $0 in 2009–2010 to $84,600 in 2025, Bitcoin has demonstrated unparalleled resilience and adoption over the years.
Bitcoin dominance (BTC.D) has also hit a 4-year high. Despite this, experts remain divided on whether an altcoin season is on the horizon.
CryptoQuant’s Head of Research, Julio Moreno, shared on X that Bitcoin’s price resistance could range between $91,000 and $92,000, aligning with the realized price on-chain for traders. According to the analysis, during a bull market (bull market score ≥ 60), this realized price often acts as support; in a bear market (bull market score ≤ 40), it serves as resistance. The current market is still considered to be in the latter scenario.
In another analysis, CryptoQuant suggests that the market is likely undergoing a typical correction rather than entering a full bear market cycle. This view aligns with Bitcoin’s current price of $88,178, which, although slightly below recent highs, remains above key support levels.
Difference Between a Bear Cycle & a Typical Correction. Source: CryptoQuant
Analyst Mark Cullen has expressed particular skepticism about the $83,000 level. If Bitcoin drops below this threshold, the market could witness a stronger bearish reaction.
“Bitcoin $90,000 liquidity still calling. But, I think the $83,000 level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,” Mark Cullen stated.
A recent BeInCrypto report also mentioned that Bitcoin is eyeing a breakout above $90,000, driven by increasing momentum in the derivatives market. Breaking this level could signal a new bullish wave, potentially fueled by dip buyers and derivatives traders.
Long-Term Potential: A Bullish Future?
Looking at the long-term outlook, experts remain optimistic about Bitcoin’s trajectory.
“Seriously fam, this might be the last chance you have to buy $BTC < $100,000,” Arthur Hayes, co-founder of BitMEX, shared.
Robert Kiyosaki, the author of Rich Dad Poor Dad, posted on X that he firmly believes Bitcoin’s price will reach $180,000 to $200,000 by the end of 2025.
Bitcoin’s historical resilience following corrections supports this bullish outlook. For example, after dipping to $27,931 on Easter Sunday 2023, BTC rebounded significantly to $84,600 by 2025. This recovery pattern aligns with analysts’ views that corrections are healthy for long-term growth.
The Fear and Greed Index could also play a role in shaping investor behavior. A higher index value (indicating greed) often signals bullish sentiment, potentially pushing Bitcoin closer to the $90,000 mark and beyond.
The non-fungible token (NFT) sector experienced explosive growth in 2021. Artists, investors, and collectors were all swept up in the frenzy. Yet, its meteoric rise was followed by a downturn, prompting questions about the sector’s sustainability.
Alexander Salnikov, co-founder of Rarible, believes the market is not facing a collapse but rather a shift. In an exclusive interview with BeInCrypto, Salnikov offered his perspective on the state of NFTs in 2025 and their role moving forward.
Are NFTs Still Relevant in 2025, or Have They Run Their Course?
The rise of NFTs, fueled by excitement and speculation, was inevitable for a market experiencing such rapid innovation. Nonetheless, like many emerging technologies, this early surge was followed by a correction. The hype gave way to the realities of market maturation and sustainability.
According to the latest report by DappRadar, the art NFT market saw an impressive surge in 2021, with trading volumes reaching $2.9 billion. However, by the first quarter of 2025, the trading volume was recorded at just $23.8 million, marking a 93% decline.
NFTs Trading Volume Over the Years. Source: DappRadar
Similarly, the number of active traders peaked at a record high of 529,101 in 2022. Yet, this figure sharply declined by 96%, with just 19,575 active traders remaining by Q1 2025.
A previous industry report from DappRadar revealed that the underwhelming performance wasn’t just a trend in 2025. In fact, 2024 was one of the worst-performing years for the NFT market since 2020. In addition, BeInCrypto also reported on a study that revealed 98% of NFT projects launched in 2024 were essentially “dead.”
Despite the decline, Rarible’s Salnikov has maintained a positive outlook for the sector. He emphasized the importance of a clear purpose when it comes to NFTs.
“Once upon a time, after the .com burst, the headlines rang that the internet was only a fad. But as more companies integrated the technology into everyday use cases, it became ingrained as a part of life,” he told BeInCrypto.
“The speculative phase had its moment, but now we’re watching NFTs evolve into actual infrastructure—tools creators use to build communities, products, and new digital economies,” he said.
NFTs Beyond the Hype: Unlocking Real-World Utility
Salnikov stressed that utility in the NFT space is no longer a distant concept—it is happening right now. Creators are using NFTs for membership, brands for loyalty programs, and games for player identity.
He pointed to a growing convergence between the digital and physical worlds, with NFTs being tied to merchandise, events, and even real-world assets. Binance Research’s April 2025 report further corroborates this trend.
The report spotlighted several real-world partnerships, indicating interest in NFTs. Examples include Azuki’s physical-backed NFT with Michael Lau, The Sandbox’s Jurassic World collaboration, EGGRYPTO’s anime characters with Eparida, and Sony’s Soneium platform partnering with LINE to create Web3 mini-apps.
“The next wave of growth isn’t about chasing a trend—it’s about unlocking new types of ownership and access that feel native to the internet generation,” noted Salnikov.
While this perspective offers optimism, the reality for many companies is quite different. Due to low trading volumes, major platforms like Bybit, X2Y2, and Kraken have resorted to discontinuing their NFT services.
Those that didn’t shut down explored alternative avenues. For instance, Magic Eden expanded beyond NFTs with the acquisition of Slingshot. Nevertheless, Salnikov dismissed this strategy, commenting,
“We’re not trying to bolt on non-NFT features just to stay busy—we’re building NFT commerce that actually fits the communities using it.”
He explained that this approach uses modular, customizable on-chain marketplaces. Creators can tailor them to fit their specific audiences, whether it’s a gaming project, an L3, or a legacy brand.
“NFTs are the feature—they just need the right framing,” the Rarible co-founder stated.
When Fame Fades: The Diminishing Returns of Celebrity-Backed NFTs
In January 2022, Bieber spent 500 ETH (approximately $1.3 million at the time) on Bored Ape #3001. This NFT is from Yuga Labs’ Bored Ape Yacht Club (BAYC) collection.
However, according to the latest data, the NFT is worth only 13.51 WETH (around $24,174), a decline of 98.1%. Although the singer hasn’t sold his NFT, it has received little attention lately, with no promotional efforts or notable discussions around it.
Thus, while celebrities can bring attention to NFTs, this highlights the need for substance beyond the name itself. As Salnikov pointed out, celebrity involvement in the sector is fleeting.
According to him, a celebrity name alone can’t replace genuine creative direction or a strong community.
“Celebrity drops will come and go—it’s the culture behind them that determines if they stick,” he remarked.
He argued that celebrities treating NFTs as mere merchandise deters audiences. Nevertheless, when an NFT drop is intentional and truly taps into something meaningful like music, fashion, or fandom, that’s where the lasting value is found.
“We’re way more interested in working with creators who are building for the long haul than just chasing headlines,” Salnikov disclosed to BeInCrypto.
The executive also outlined the need for a more accessible and user-friendly approach for attracting interested users. He detailed that onboarding users should not feel “like a tech demo.” Salnikov pointed to Rarible as an example.
According to him, Rarible focuses on ensuring that each marketplace built on its platform is a product people genuinely want to use. This involves features such as fiat onramps, low-cost mints, a clean user interface, and, most importantly, content that resonates with users.
“We’re not selling NFTs—we’re powering experiences that just happen to be onchain,” Salnikov concluded.
While the NFT market faces ongoing challenges, it remains to be seen whether the industry is entering a new phase of growth or if further obstacles lie ahead in its evolution.
Bitwise Asset Management has formally submitted a Form S-1 registration statement to the US Securities and Exchange Commission (SEC) to launch the Bitwise NEAR exchange-traded fund (ETF).
The filing follows Bitwise’s earlier move on April 24, 2025, when the firm registered a trust entity for the Bitwise NEAR ETF in Delaware. The S-1 marks the natural next step in the process.
NEAR Joins the Altcoin ETF Race With Bitwise Filing
The proposed ETF aims to track the value of NEAR, the native token of the NEAR Protocol. It is a layer-1 blockchain focused on scalability and decentralized applications.
“The Trust’s investment objective is to seek to provide exposure to the value of NEAR held by the Trust, less the expenses of the Trust’s operations and other liabilities. In seeking to achieve its investment objective, the Trust will hold NEAR and establish its net asset value (“NAV”) by reference to the [CF NEAR-Dollar Settlement Price] (the “Pricing Benchmark”),” the S-1 reads.
Notably, the move did not impact NEAR’s price. Over the past day, the cryptocurrency has experienced a modest decline of 0.8%. At press time, it traded at $2.3.
BeInCrypto data shows that NEAR is the 44th largest cryptocurrency, with a market capitalization of $2.8 billion.
“Bitwise is betting big on altcoin legitimacy. Wall Street exposure to L1s is getting real,” an analyst wrote on X.
While the surge in filings suggests a broader strategy to expand its portfolio into altcoins, the path to SEC approval remains uncertain. The agency has recently delayed decisions on several cryptocurrency ETF applications, including those for XRP and DOGE, with deadlines pushed to mid-June 2025.
This pattern of delays aligns with the SEC’s cautious approach to crypto ETFs beyond Bitcoin and Ethereum, despite a more favorable regulatory climate under the Biden administration, which saw spot Bitcoin ETFs approved in January 2024 and Ethereum ETFs in July 2024.
