Dogecoin Outpaces Bitcoin In April – Leads Weekly Gains Among Crypto Majors As XRP Lags

• Bitcoin advanced nearly 14% for the month but posted only a 0.3% gain over the past week, trailing DOGE’s momentum.
• DOGE broke above the $0.10 level for the first time in two months, marking a key technical milestone during the rally.
• Zcash led large-cap altcoins with a roughly 42% monthly gain, while XRP declined 3.4% over the past week despite modest gains in April.

Dogecoin (DOGE) led gains among major cryptocurrencies in April, outperforming Bitcoin (BTC), and was the only top token to post double-digit gains in the final week of the month.

Dogecoin’s price rose 2.3% in the last 24 hours to around $0.10, according to CoinGecko data. The leading meme token gained more than 11% over the past week, and more than 17% in the month of April. 

The rally came as DOGE surged past the psychological $0.10 resistance on Thursday, marking its highest price in two months. On Stocktwits, retail sentiment around DOGE trended in ‘bullish’ territory over the past day, but chatter dipped to ‘high’ from ‘extremely high’ levels. 

Bitcoin Weekly Gains Trail DOGE Despite Strong Monthly Performance

Bitcoin’s price also rose around 2.3% in the last 24 hours to cross $78,000. The apex cryptocurrency gained nearly 14% in the month of April and edged higher by just 0.3% in the past week. Retail sentiment around BTC on Stocktwits trended in ‘neutral’ territory over the past day, accompanied by ‘normal’ levels of chatter. 

Ethereum Stabilizes While XRP Weakens

Among altcoins, Ethereum (ETH) closed April with a solid recovery but fell 1.1% in the last week. Despite the drop, ETH price held on to roughly a 7% gain from its April opening price, marking the second consecutive green monthly candle after six months of consecutive downside. 

Ethereum’s price rose over 2% in the last 24 hours, recovering to above $2,300. Retail sentiment on Stocktwits around the leading altcoin trended in ‘bearish’ territory over the past day, accompanied by chatter at ‘normal’ levels. 

Ripple’s XRP (XRP) was the worst-hit over the past week. XRP’s price gained 1.1% over the last 24 hours but fell 3.4% over the last seven days. In the month of April, Ripple’s token gained around 2.4%. Retail sentiment around the altcoin trended in ‘extremely bearish’ territory over the past day, while chatter fell to ‘low’ from ‘normal’ levels. 

Zcash Emerges As Top Performer Among Large Caps

Zcash (ZEC) was the standout large-cap performer for the month, posting gains of roughly 42%. Among the top 50 coins by market cap, Zcash capitalized the most on incoming liquidity as the Iran-U.S. tensions eased, with ZEC price rising over 40% from its lowest level in a seven-day stretch. 

ZEC’s price rose 4.6% in the last 24 hours to over $350. On Stocktwits, retail sentiment around the privacy-focused coin fell to ‘bearish’ from ‘neutral’ over the past day, while chatter remained at ‘low’ levels. 

Why Did Crypto Market Rise In April?

The broader crypto recovery in April occurred amid an increase in institutional demand and geopolitical tailwinds. The U.S.-Iran ceasefire helped ease oil price pressures that had earlier stoked inflation fears, contributing to a short squeeze in crypto markets that liquidated hundreds of millions in bearish positions and gave an initial lift to Bitcoin. 

U.S. spot Bitcoin ETFs have now accumulated more than $53 billion in net inflows since their 2024 launch, far surpassing initial projections, with major players including BlackRock's iShares Bitcoin Fund (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) leading recent buying. 

Corporate buying added further momentum. Strategy (MSTR) purchased 34,164 bitcoin for about $2.54 billion between April 13 and 19, at an average price of roughly $74,395 per coin, marking one of the company’s biggest hauls ever. The Michael Saylor-backed company purchased an additional 3,273 bitcoin for about $255 million in the week ending April 26, bringing its total holdings to 818,334 BTC. 

According to Bitwise CIO Matt Hougan, Strategy's purchases of roughly $7.2 billion worth of Bitcoin over the prior eight weeks were the main catalyst for Bitcoin's recent 20% rally. 

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