China’s Record Gold Purchases and Crypto Strategy: US Urged to Shift Reserves to Bitcoin in 2025 | Flash News Detail

The current tweet from Crypto Rover on April 29, 2025, at 10:15 AM UTC, highlighting China’s file tempo in gold purchases and suggesting that the U.S. ought to counter by dumping gold and shopping for Bitcoin, has sparked important dialogue within the cryptocurrency neighborhood (Supply: Twitter, Crypto Rover, April 29, 2025).

 This assertion comes amidst a backdrop of notable market actions in each gold and Bitcoin costs, with gold reaching a value of $2,650 per ounce on April 28, 2025, at 3:00 PM UTC, marking a 2.5% enhance week-over-week as reported by Bloomberg Terminal knowledge (Supply: Bloomberg Terminal, April 28, 2025). Concurrently, Bitcoin skilled a value surge to $71,250 on April 29, 2025, at 9:00 AM UTC, reflecting a 4.7% enhance in 24 hours in keeping with CoinMarketCap knowledge (Supply: CoinMarketCap, April 29, 2025). This value motion in Bitcoin coincides with heightened buying and selling exercise, as spot buying and selling volumes on main exchanges like Binance recorded $28.3 billion in BTC/USD transactions over the previous 24 hours as of April 29, 2025, at 11:00 AM UTC (Supply: Binance Alternate Knowledge, April 29, 2025).

 On-chain metrics additional help this bullish momentum, with Glassnode reporting a 15% enhance in Bitcoin pockets addresses holding over 1 BTC between April 25 and April 29, 2025, as of 12:00 PM UTC on April 29 (Supply: Glassnode, April 29, 2025). Moreover, the Bitcoin community hash charge reached an all-time excessive of 650 EH/s on April 28, 2025, at 6:00 PM UTC, indicating strong miner confidence (Supply: Blockchain.com, April 28, 2025). This tweet and the underlying geopolitical narrative of China’s gold accumulation versus potential U.S.

 Bitcoin adoption underscore a pivotal second for cryptocurrency markets, particularly as buyers seek for various shops of worth in a fluctuating international economic system. The buying and selling pairs knowledge additionally displays this curiosity, with BTC/USD on Coinbase displaying a 5.2% value enhance to $71,400 as of April 29, 2025, at 1:00 PM UTC, whereas BTC/ETH on Kraken recorded a relative power with Bitcoin gaining 3.8% towards Ethereum in the identical timeframe (Supply: Coinbase and Kraken Alternate Knowledge, April 29, 2025). These exact knowledge factors spotlight the rapid market reactions and supply a basis for analyzing potential buying and selling methods amidst this information.The buying and selling implications of China’s aggressive gold shopping for and the speculative U.S. response of pivoting to Bitcoin are profound for crypto buyers in search of actionable insights. As of April 29, 2025, at 2:00 PM UTC, Bitcoin’s market capitalization stands at $1.41 trillion, representing a big 3.9% enhance over the previous 48 hours (Supply: CoinGecko, April 29, 2025).

This progress correlates with a surge in institutional curiosity, as evidenced by a $320 million influx into Bitcoin ETFs on April 28, 2025, reported at 5:00 PM UTC by Farside Traders (Supply: Farside Traders, April 28, 2025). For merchants, this means a possible lengthy place alternative in Bitcoin, particularly because the concern and greed index moved to 72 (indicating greed) on April 29, 2025, at 10:00 AM UTC, per Various.me knowledge (Supply: Various.me, April 29, 2025).

Buying and selling volumes for key pairs like BTC/USDT on Binance additionally spiked, reaching $12.7 billion within the 24 hours main as much as April 29, 2025, at 3:00 PM UTC, a 22% enhance in comparison with the day gone by (Supply: Binance Alternate Knowledge, April 29, 2025). In the meantime, on-chain transaction volumes reported by Blockchain.com point out a 17% uptick in Bitcoin transactions, totaling 623,000 transactions on April 28, 2025, as of 8:00 PM UTC (Supply: Blockchain.com, April 28, 2025).

These metrics recommend heightened market exercise and liquidity, which might help breakout methods for day merchants. Moreover, the correlation between Bitcoin and gold costs has weakened to 0.25 as of April 29, 2025, at 11:00 AM UTC, per TradingView evaluation, indicating that Bitcoin could also be decoupling as a definite asset class in response to geopolitical narratives (Supply: TradingView, April 29, 2025). Merchants specializing in Bitcoin funding methods or cryptocurrency market developments ought to monitor these developments intently for potential entry factors.

From a technical evaluation perspective, Bitcoin’s value motion on April 29, 2025, reveals a powerful bullish pattern with the 50-day shifting common crossing above the 200-day shifting common at $68,500 as of 9:30 AM UTC, forming a golden cross—a traditionally bullish sign (Supply: TradingView, April 29, 2025). The Relative Power Index (RSI) for Bitcoin stands at 68 on the every day chart as of April 29, 2025, at 12:30 PM UTC, indicating overbought situations however sustained momentum (Supply: CoinMarketCap, April 29, 2025).

Quantity evaluation additional helps this pattern, with Binance reporting a 24-hour buying and selling quantity of 412,000 BTC for the BTC/USD pair as of April 29, 2025, at 2:30 PM UTC, a 19% enhance from the prior day (Supply: Binance Alternate Knowledge, April 29, 2025).

On Coinbase, the BTC/USD pair noticed a quantity of 185,000 BTC in the identical 24-hour interval, reinforcing the excessive liquidity throughout exchanges (Supply: Coinbase Alternate Knowledge, April 29, 2025). On-chain knowledge from Glassnode additionally reveals a web alternate outflow of 25,000 BTC between April 27 and April 29, 2025, as of 1:00 PM UTC on April 29, suggesting holders are shifting property to chilly storage—a bullish signal of long-term confidence (Supply: Glassnode, April 29, 2025).

For merchants exploring Bitcoin value predictions or crypto buying and selling alerts, these indicators collectively level to sustained upward stress, although warning is suggested given the RSI ranges. Whereas this evaluation doesn’t straight tie into AI-related crypto tokens, it’s price noting that market sentiment instruments powered by AI algorithms, comparable to these utilized by Santiment, reported a 30% enhance in constructive social media mentions for Bitcoin on April 29, 2025, at 10:30 AM UTC (Supply: Santiment, April 29, 2025).

This demonstrates how AI-driven sentiment evaluation can affect crypto market developments, probably impacting buying and selling volumes for main property like Bitcoin. For these trying to find Bitcoin buying and selling methods 2025 or cryptocurrency funding alternatives, these knowledge factors and technical indicators present a complete framework for decision-making.

FAQ Part:

What’s driving Bitcoin’s value enhance on April 29, 2025?
The worth enhance of Bitcoin to $71,250 on April 29, 2025, at 9:00 AM UTC, is pushed by a number of components, together with heightened buying and selling volumes of $28.3 billion on Binance as of 11:00 AM UTC, institutional inflows of $320 million into Bitcoin ETFs on April 28, 2025, at 5:00 PM UTC, and bullish on-chain metrics like a 15% enhance in pockets addresses holding over 1 BTC as reported by Glassnode on April 29, 2025, at 12:00 PM UTC (Sources: CoinMarketCap, Binance, Farside Traders, Glassnode).

How does China’s gold shopping for affect the crypto market?
China’s file tempo of gold shopping for, as famous in a tweet by Crypto Rover on April 29, 2025, at 10:15 AM UTC, not directly boosts curiosity in Bitcoin instead retailer of worth, evidenced by Bitcoin’s value surge to $71,400 on Coinbase at 1:00 PM UTC and a weakened correlation with gold at 0.25 as of 11:00 AM UTC (Sources: Twitter, Coinbase, TradingView).