Dubai: After the recent market drop on Liberation Day on April 2, many retail investors began buying more cryptocurrencies.
According to the latest data from trading platform eToro, the number of people opening long (buy) positions in crypto increased by 19% in April 2025 compared to the daily average in March. This shows growing confidence from everyday investors, even though the market is still unstable.
The biggest trading day was April 7, when buying activity jumped 153% higher than the March average. The most popular coins being traded were Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)—with more people buying than selling.
Simon Peters, a crypto analyst at eToro, explained that while the crypto market has dropped slightly—Bitcoin fell from $109,350 in January to around $81,600 now—this kind of decline is common during strong bull markets. Many experienced investors see this as a chance to buy at lower prices, expecting the market to rise again soon.
Bitcoin is also sitting at a key technical level—its 50-week exponential moving average (EMA). This same level helped Bitcoin bounce back in August last year, when it rose 120% after a dip. Peters says it’s not guaranteed to happen again, but it's giving investors hope that this may be the market bottom.
He added that if US financial conditions improve, like a weaker dollar, lower bond yields, or a Federal Reserve interest rate cut, it could lead to a new crypto rally and maybe even new all-time highs.
Right now, despite uncertain global news and economic worries, many crypto traders are staying cautiously optimistic and ready to take advantage of any positive turn in the market.
