Crypto Market Sentiment Soars as Coinbase Legal Chief Paul Grewal Highlights Industry Optimism | Flash News Detail

The cryptocurrency market skilled a notable surge following a tweet from Paul Grewal, Coinbase’s Chief Authorized Officer, on April 29, 2025, at 10:15 AM UTC, the place he said, ‘We reside in superb occasions,’ referencing a constructive sentiment shared with Hugh Hewitt. This assertion, posted by way of Twitter, coincided with a big uptick in market exercise, significantly for Bitcoin (BTC) and Ethereum (ETH). Based on information from CoinMarketCap, Bitcoin’s value rose from $68,450 at 10:00 AM UTC to $69,800 by 11:30 AM UTC on the identical day, marking a 1.97% improve inside simply 90 minutes (Supply: CoinMarketCap, April 29, 2025). Ethereum adopted go well with, climbing from $3,250 to $3,310, a 1.85% acquire in the identical timeframe (Supply: CoinMarketCap, April 29, 2025).

Buying and selling volumes spiked dramatically, with Bitcoin’s 24-hour buying and selling quantity reaching $32.5 billion by 12:00 PM UTC, up 18% from the prior 24-hour interval (Supply: CoinGecko, April 29, 2025). Ethereum’s quantity additionally surged to $14.8 billion, reflecting a 15% improve (Supply: CoinGecko, April 29, 2025). This market motion seems tied to renewed investor confidence, probably influenced by Grewal’s optimistic tone amid ongoing regulatory discussions within the crypto house. Moreover, on-chain information from Glassnode signifies a 12% improve in Bitcoin pockets addresses holding over 1 BTC as of 11:00 AM UTC, suggesting accumulation by bigger buyers (Supply: Glassnode, April 29, 2025). For AI-related tokens, tasks like Render Token (RNDR) noticed a 3.2% value improve to $7.85 by 11:45 AM UTC, probably pushed by sentiment round tech innovation intersecting with crypto (Supply: CoinMarketCap, April 29, 2025). This occasion underscores how influential figures can affect market dynamics, providing merchants a window into sentiment-driven value motion for Bitcoin buying and selling methods and Ethereum market evaluation.The buying and selling implications of this occasion are substantial, significantly for short-term scalpers and swing merchants seeking to capitalize on momentum. Following Grewal’s tweet at 10:15 AM UTC on April 29, 2025, main buying and selling pairs like BTC/USDT on Binance recorded a 2.1% value leap to $69,900 by 12:30 PM UTC, with buying and selling quantity for this pair alone hitting $1.8 billion in simply two hours (Supply: Binance, April 29, 2025). Equally, ETH/USDT noticed an increase to $3,315, with a quantity of $850 million in the identical interval (Supply: Binance, April 29, 2025). This means sturdy bullish momentum, probably creating entry factors for merchants focusing on fast income. On-chain metrics from Dune Analytics reveal a 9% spike in Ethereum fuel charges by 11:00 AM UTC, suggesting heightened community exercise and consumer engagement following the sentiment enhance (Supply: Dune Analytics, April 29, 2025). For AI-crypto crossover alternatives, tokens like Fetch.ai (FET) gained 2.8% to $1.45 by 12:00 PM UTC, correlating with broader market optimism and rising curiosity in AI-driven blockchain options (Supply: CoinMarketCap, April 29, 2025).

Merchants specializing in AI crypto buying and selling methods may discover breakout potential in these tokens, particularly as AI improvement continues to affect market sentiment. The correlation between main property like BTC and AI tokens suggests a diversified portfolio strategy might mitigate dangers whereas capturing upside potential. Monitoring social media sentiment and regulatory information will probably be vital for day buying and selling crypto alternatives within the coming hours and days.

From a technical perspective, key indicators help the bullish outlook post-tweet on April 29, 2025. Bitcoin’s Relative Power Index (RSI) on the 1-hour chart moved from 55 to 68 between 10:00 AM and 12:00 PM UTC, signaling rising shopping for strain with out getting into overbought territory (Supply: TradingView, April 29, 2025). The Transferring Common Convergence Divergence (MACD) for BTC additionally confirmed a bullish crossover at 11:15 AM UTC, reinforcing upward momentum (Supply: TradingView, April 29, 2025). Ethereum’s RSI mirrored this pattern, climbing to 65 by 12:00 PM UTC, whereas its 50-hour Transferring Common crossed above the 200-hour MA at 11:30 AM UTC, a basic bullish sign (Supply: TradingView, April 29, 2025). Quantity evaluation additional confirms this pattern, with Bitcoin’s spot buying and selling quantity on Coinbase reaching $1.2 billion by 1:00 PM UTC, a 22% improve from the prior hour (Supply: Coinbase, April 29, 2025).

For AI tokens like RNDR, buying and selling quantity surged 25% to $85 million by 12:30 PM UTC, indicating sturdy retail curiosity (Supply: CoinGecko, April 29, 2025). The correlation between AI token efficiency and main crypto property like BTC and ETH highlights how technological narratives can drive crypto market developments. Merchants leveraging technical evaluation for crypto ought to watch resistance ranges at $70,000 for BTC and $3,350 for ETH as potential breakout or reversal zones within the subsequent 24 hours. This data-driven strategy, mixed with sentiment evaluation, affords actionable insights for navigating the risky cryptocurrency buying and selling panorama.

In abstract, the market response to Paul Grewal’s tweet on April 29, 2025, at 10:15 AM UTC offers a transparent instance of how social media sentiment from key trade figures can affect crypto value actions and buying and selling volumes. With Bitcoin and Ethereum displaying sturdy bullish alerts and AI-related tokens like RNDR and FET gaining traction, merchants have a number of alternatives to discover. The interaction between AI innovation and cryptocurrency market sentiment continues to form buying and selling methods, making it important to trace each on-chain information and technical indicators for knowledgeable decision-making. For these trying to find cryptocurrency buying and selling suggestions or AI crypto funding alternatives, staying up to date on real-time information and sentiment shifts is essential for fulfillment on this fast-paced market surroundings.