Crypto Market Analysis (April 29, 2025): BTC, ETH, XRP, ALTCOINS

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The cryptocurrency market on April 29, 2025, reflected a mood of cautious optimism amid consolidation. With the global market cap sitting just below the $3 trillion mark at approximately $2.98 trillion, price action was largely range-bound. However, the notable spike in 24-hour trading volume to nearly $90 billion signaled that investors remain active, likely shifting capital between assets rather than entering or exiting the market altogether. Market sentiment, measured by the Crypto Fear & Greed Index, hovered at 56—still firmly in “Greed” territory. As Bitcoin hovered just beneath a critical resistance level, altcoins moved to the rhythm of their own headlines, creating a dynamic yet uncertain market environment.

CryptocurrencyPrice (USD)24h Change7d Change (Approx.)
Bitcoin (BTC)$94,937+0.17%+11.6%
Ethereum (ETH)$1,830+1.00%+15.5%
Solana (SOL)$149.14-1.55%+9.1%
XRP$2.29-1.73%+10.0%
Cardano (ADA)$0.714-0.94%+14.3%
Dogecoin (DOGE)$0.179-1.45%+15.0%
Shiba Inu (SHIB)$0.0000133-0.67%+7.1%
Sui (SUI)$3.578-4.84%+34.2%
Pi Network (PI)~$0.61~-3.0%~-10.9%
Sei (SEI)$0.214-0.08%+13.0%

Bitcoin Tests $95K Barrier Amid Institutional Tailwinds

Bitcoin traded at $94,937, gaining a modest 0.17% over the past 24 hours and up 11.6% on the week. It’s currently flirting with the $95,000 resistance level, a zone that has proven tough to crack. Technically, Bitcoin remains bullish, with price holding above both the 50 and 200-day moving averages. Institutional interest remains a key driver, highlighted by MicroStrategy’s $1.4 billion BTC purchase and continued positive ETF inflows. Yet, the consolidation beneath $95K suggests that traders are waiting for a decisive breakout—or bracing for a possible pullback toward the $84K to $88K range. Interestingly, Bitcoin’s low volatility compared to the Nasdaq reflects a possible shift toward maturity, potentially transforming into a more macro-neutral asset. Declining exchange supply further underlines a trend toward long-term holding.

Ethereum Eyes $2,000 With Whale Accumulation and Layer 2 Momentum

Ethereum surged past resistance and currently trades at $1,830, gaining 1% on the day and 15.5% over the past week. The breakout from sub-$1,800 levels appears to be driven by a spike in whale inflows, suggesting renewed confidence from major holders. Technicals favor bulls, with ETH trading above the 50-day EMA and momentum indicators pointing north. The upcoming Pectra upgrade and growing Layer 2 ecosystem provide further tailwinds. Market watchers are eyeing the psychologically significant $2,000 level as the next major target. Justin Sun’s bold $5,000 price prediction for ETH by its 10th anniversary may be optimistic, but it reflects the growing excitement surrounding the network’s evolving utility.

Solana Holds Institutional Attention Despite Pullback

Solana cooled slightly to $149.14 after a strong rally, slipping 1.55% in 24 hours but still up over 9% on the week. The pullback appears technical as investors digest gains, but institutional backing remains robust. SOL Strategies announced a $500 million investment vehicle centered around staking yields, and Torrent Capital expanded its SOL holdings. Moreover, ecosystem growth continues, with 1inch enabling access to over one million Solana-based tokens. Price action may remain choppy between $145 and $155, but the foundation for longer-term upside looks increasingly solid.

XRP Rides Lawsuit Resolution but Faces Security Flaw Concern

XRP was trading at $2.29, down 1.73% on the day but up 10% over the past week. The market welcomed the resolution of its SEC lawsuit, which lifted regulatory uncertainty and spurred institutional interest, including new XRP futures products on major platforms. Technically, XRP remains healthy, trading above key moving averages. However, the celebration is tempered by a newly discovered vulnerability in the xrpl.js package—a backdoor that could compromise private keys. While the flaw is being addressed, it highlights ongoing security risks even amid positive momentum.

Cardano Builds Momentum from Hydra and High-Profile Appearances

Cardano hovered around $0.714, down slightly on the day but having gained 14.3% over the week. ADA continues to consolidate above support, with technical indicators showing strengthening bullish momentum. The Hydra Layer 2 scaling solution has demonstrated promising TPS results in testing, boosting optimism. Additionally, founder Charles Hoskinson’s scheduled appearance with Donald Trump Jr. at the DC Blockchain Summit 2025 adds a political twist to the project’s public image. Near-term targets range between $0.75 and $0.80 if current sentiment holds.

Dogecoin and Shiba Inu Show Resilience, but Need Conviction

Dogecoin was priced at $0.179, falling 1.45% but still showing relative strength after recent headlines. Elon Musk’s announcement of reduced involvement with the Department of Government Efficiency didn’t significantly dent DOGE’s price, hinting at reduced dependency on single influencers. Technicals are mildly bullish, though momentum remains neutral.

Shiba Inu traded around $0.0000133, dipping slightly while holding recent gains. The new Shibarium DappStore aims to drive utility, but price continues to struggle near resistance at $0.000014 and the 100-day EMA. A breakout could pave the way for a run toward $0.00003, but the project still battles perceptions of being a meme coin lacking fundamental backing.

Sui Soars on Partnership Buzz While SEI Steadies with Institutional Support

Sui traded at $3.578 after a 4.84% daily drop, though it still boasted a massive 34.2% weekly gain. The rally was fueled by rumors of a partnership with Pokémon and a confirmed deal with RAK DAO to promote Web3 development in the UAE. Strong Q1 results in DeFi and GameFi support a bullish long-term outlook, though short-term volatility remains.

In contrast, Sei remained flat at $0.214 but showed strength in fundamentals. Key partnerships with Ctrl Alt and Canary Capital, as well as upcoming upgrades, suggest SEI is laying the groundwork for long-term institutional trust. If SEI breaks through the $0.22 resistance level, the price could target $0.25 to $0.40 in the near future.

Pi Network Struggles for Stability Post-Mainnet

Pi Network’s tradable PI token hovered near $0.61, marking a continued decline from its speculative highs. While listings on exchanges like OKX and MEXC have improved accessibility, the absence of Tier 1 exchange support limits broader exposure. Questions around transparency, centralization, and actual use cases persist. Initiatives like PiFest and .pi domain auctions aim to boost the internal economy, but the network still faces hurdles in liquidity, tokenomics clarity, and market trust. Ongoing KYC and KYB processes remain critical to scaling adoption.

Outlook: Sideways Action, Big Setups

April 29 ended with the market showing restrained strength. Bitcoin is the clear focal point as it presses against $95K, and a breakout could trigger a larger risk-on move across the board. Ethereum’s positive momentum and strong altcoin narratives keep the broader market engaged, even as individual projects face unique hurdles. With high trading volume and investor greed still intact, the crypto market appears primed for a decisive move—it’s just a matter of which way it breaks first.

IMPORTANT NOTICE

This article is sponsored content. Kryptonary does not verify or endorse the claims, statistics, or information provided. Cryptocurrency investments are speculative and highly risky; you should be prepared to lose all invested capital. Kryptonary does not perform due diligence on featured projects and disclaims all liability for any investment decisions made based on this content. Readers are strongly advised to conduct their own independent research and understand the inherent risks of cryptocurrency investments.

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