Bitcoin’s (BTC) market capitalization has surged up to $1.8 trillion and has surpassed the market cap of Google as reported by Watcher Guru. This also indicates BTC’s growing acceptance as a major financial asset along with the traditional tech giants. With this achievement Bitcoin becomes the 5th largest asset in world by market cap.
Bitcoin Surpass $94,000 and Satoshi Nakamoto’s holding cross $100 billion
In other developments, Satoshi Nakatomo’s Bitcoin (BTC) holdings have again crossed the $100 billion mark as BTC price hit $94,000. According to blockchain analytics from Arkham, the mysterious creator of BTC currently holds approximately 1.096 million BTC.
With the token currently trading at $94,321, the value for Nakamoto’s stash is estimated to be around $102.71 billion. With this figure, Nakamoto has once again become one of the wealthiest individuals globally.
Fear and Greed Index Update
The token climbed its way up from lows near $76,000 just a few weeks ago to hitting $94,000 mark today, April 23, 2025. There have been significant changes in the fear and greed index as well.
Last week the fear and greed index was 29 and today it is 72 , indicating that the market sentiment has moved to “greed” territory. Yesterday, the index stood at 47 (neutral), which indicates a steady increase in confidence.
This rally is partially fueled by easing of trade tension between the U.S and China and inflow into BTC ETFs with major funds like BlackRock and Fidelity accumulating large amounts, which recorded their largest daily intake since January 2025.
There has also been an assurance that Fed Chair Jerome Powell will continue to serve as the Chair of the Federal Reserve and expectations of future interest rate cuts have reduced market uncertainty to an extent. This has led to an increase in investment in risk assets which includes BTC.
Glassnode Highlights Resistance and Support Levels
However, on-chain data from Glassnode has highlighted that for Bitcoin to reach the $100,000 mark, it will have to cross a strong resistance that is hovering over the $97,000 mark, where many investors bought in and might sell to break even. Key resistance is also seen at $94,000, while support levels are seen at $91,800 and $90,000.
Support levels have been identified at $91,800 and $90,000, which suggests that the investors should be cautious of potential pullbacks as the token price approaches these key zones.
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