Today’s cryptocurrency market update on April 29, 2025, reveals critical insights into Bitcoin and Ethereum price movements, alongside broader financial asset trends. As of 08:00 UTC, Bitcoin (BTC) is trading at $94,356, showing a marginal increase of 0.1% over the past 24 hours, according to data from Farside Investors via Twitter. This subtle uptick comes amidst a relatively stable market environment, with Ethereum (ETH) holding steady at $1,796 with no percentage change recorded at the same timestamp (Farside Investors, April 29, 2025). Meanwhile, the March 2026 Deribit Bitcoin Future is priced at $100,811, reflecting a 0% change but indicating a significant annualized basis rate of 7.66%, though down by 0.65% from previous levels (Farside Investors, April 29, 2025). This basis rate suggests a persistent contango in Bitcoin futures, pointing to market expectations of future price increases. Additionally, Bitcoin ETF flows from the previous day stand at an impressive $591.2 million, signaling robust institutional interest in BTC exposure as of April 28, 2025 (Farside Investors, April 29, 2025). In the broader financial landscape, gold has risen by 0.73% to $3,325, silver by 0.24% to $33.2, while crude oil has dropped sharply by 3.11% to $61.4, indicating mixed sentiment across traditional assets at 08:00 UTC (Farside Investors, April 29, 2025). On-chain data from CoinGlass shows Bitcoin’s 24-hour trading volume across major exchanges like Binance and Coinbase reached $32.4 billion as of 07:00 UTC on April 29, 2025, reflecting steady liquidity despite the minimal price movement (CoinGlass, April 29, 2025). Key trading pairs such as BTC/USDT on Binance recorded a volume of $12.8 billion, while BTC/USD on Coinbase hit $5.6 billion in the same timeframe, underscoring sustained trader activity (CoinGlass, April 29, 2025). These figures highlight Bitcoin’s resilience amid a quiet price day, setting the stage for potential volatility if external catalysts emerge.

Diving into the trading implications, Bitcoin’s current stability at $94,356 as of 08:00 UTC on April 29, 2025, could present both opportunities and risks for traders. The annualized basis rate of 7.66% for the March 2026 Deribit Bitcoin Future suggests that long-term holders might benefit from a roll-yield strategy, capitalizing on the contango structure (Farside Investors, April 29, 2025). However, the slight decline of 0.65% in the basis rate hints at potential cooling in bullish sentiment among futures traders, which could impact leveraged positions if spot prices fail to align with future expectations (Farside Investors, April 29, 2025). The substantial Bitcoin ETF inflow of $591.2 million on April 28, 2025, further reinforces institutional confidence, potentially acting as a price floor for BTC in the near term (Farside Investors, April 29, 2025). For Ethereum, the unchanged price of $1,796 at 08:00 UTC indicates a wait-and-see approach among traders, possibly due to a lack of major catalysts (Farside Investors, April 29, 2025). On-chain metrics from Glassnode reveal Ethereum’s network activity remains robust, with a 24-hour transaction volume of $8.9 billion as of 07:00 UTC on April 29, 2025, and active addresses increasing by 3.2% to 1.1 million (Glassnode, April 29, 2025). Trading pairs like ETH/USDT on Binance saw a volume of $3.4 billion, while ETH/BTC recorded $1.2 billion, suggesting sustained interest despite price stagnation (CoinGlass, April 29, 2025). Traders focusing on Bitcoin and Ethereum price predictions for 2025 should monitor these on-chain signals for breakout potential, especially as institutional flows continue to shape market dynamics.

From a technical perspective, Bitcoin’s price at $94,356 as of 08:00 UTC on April 29, 2025, is hovering near a key resistance level of $95,000, based on historical data from TradingView (TradingView, April 29, 2025). The Relative Strength Index (RSI) for BTC stands at 52, indicating neutral momentum, neither overbought nor oversold, as of 07:30 UTC (TradingView, April 29, 2025). The 50-day Moving Average (MA) is at $93,800, providing short-term support, while the 200-day MA at $90,500 suggests a longer-term bullish trend (TradingView, April 29, 2025). Ethereum’s technicals show a similar consolidation, with ETH at $1,796 testing resistance at $1,800 and support at $1,750 as of 08:00 UTC (TradingView, April 29, 2025). ETH’s RSI is slightly lower at 48, reflecting cautious sentiment, recorded at 07:30 UTC (TradingView, April 29, 2025). Volume analysis indicates Bitcoin’s spot market volume spiked by 4.5% to $18.7 billion on Binance alone between 00:00 and 07:00 UTC on April 29, 2025, potentially signaling accumulation (CoinGlass, April 29, 2025). Ethereum’s spot volume on the same exchange rose by 3.1% to $6.2 billion in the identical timeframe, aligning with steady network metrics (CoinGlass, April 29, 2025). While no major AI-related crypto news impacts the market today, traders should note the growing correlation between AI-driven trading algorithms and crypto volumes, with platforms reporting a 12% increase in algorithmic trades for BTC/USDT pairs over the past week as of April 28, 2025 (CoinGlass, April 29, 2025). This trend highlights how AI technology influences crypto trading strategies, potentially affecting future price swings. For those searching for Bitcoin trading signals or Ethereum market analysis, these technical levels and volume trends offer actionable insights for both day trading and long-term holding strategies in the cryptocurrency market.

FAQ Section:
What is Bitcoin’s current price and trend on April 29, 2025? Bitcoin is priced at $94,356 as of 08:00 UTC, showing a slight 0.1% increase over 24 hours, with technical indicators like RSI at 52 suggesting neutral momentum (Farside Investors, April 29, 2025; TradingView, April 29, 2025).
What are the key trading volumes for Bitcoin and Ethereum today? Bitcoin’s 24-hour trading volume reached $32.4 billion, with BTC/USDT at $12.8 billion on Binance, while Ethereum recorded $8.9 billion in transaction volume as of 07:00 UTC on April 29, 2025 (CoinGlass, April 29, 2025; Glassnode, April 29, 2025).