Amid ETF inflows, Bitcoin bounces back above $93K, and altcoins gain traction due to growing consumer interest in AI, gaming, and meme tokens.

Following recent uplifts, the cryptocurrency markets have punctuated a brief consolidation period, with traders now looking for landings through altcoins. Following a slight dip, Bitcoin (BTC) picked up speed across the $93,000 line. As of 10:38 AM on Friday, April 25, the leading cryptocurrency was trading at approximately $93,213.75, gaining 0.28 percent.

According to CoinMarketCap statistics, Bitcoin has moved between $91,696.71 and $94,430.89 during the last day. With the largest market capitalization and the most well-known cryptocurrency, it has seen $32.73 billion in trading activity in the last day. Bitcoin's market cap is currently at $1.84 trillion.

According to Alankar Saxena, co-founder and CTO of Mudrex, Bitcoin has quickly recovered from a brief pullback attributed to a slight rise in US jobless claims. However, substantial inflows into spot Bitcoin ETFs, totaling over $2.2 billion this week, have provided Bitcoin the momentum needed to bounce back.

Data from CoinGlass suggests that a rise above the $95,000 threshold could lead to liquidations of approximately $700 million in short positions, relieving some selling pressure and paving the way for further upward movement. Saxena indicated that this could enable Bitcoin to reach the $100,000 level again, while immediate support is positioned at $90,800.

He added, though, that Bitcoin may break through $90,000 resistance, and actually, altcoins have gradually shifted focus based on historical performance. Retail interest on AI, gaming, and meme tokens is on the rise-wondering if investors are becoming more risk tolerant. That's the kind of sentiment, according to Maradiya, that sky-rockets volatility, especially for low-cap stocks, where they can magnify both the tops and bottoms.

He said that anticipation of strong macroeconomic data and ETF inflows have supported the cautiously hopeful mindset. According to Maradiya, certain altcoins may soon surpass well-known cryptocurrencies if liquidity stays steady.