Grant Cardone Capital Announces Plan to Buy 1,000 Bitcoin Using Real Estate Profits: Bullish Signal for BTC Price | Flash News Detail

In a major growth for the cryptocurrency market, Grant Cardone Capital, a distinguished actual property funding agency, has introduced plans to amass 1,000 Bitcoin (BTC) utilizing income from its actual property ventures. This information broke on April 29, 2025, through a tweet from Crypto Rover, a well-followed crypto information account on social media (Supply: Crypto Rover Twitter, April 29, 2025, 10:15 AM UTC). On the time of the announcement, Bitcoin was buying and selling at roughly $67,820 on main exchanges like Binance and Coinbase, reflecting a 3.2% enhance within the prior 24 hours (Supply: CoinMarketCap, April 29, 2025, 10:30 AM UTC).

This bullish sign from a conventional finance entity getting into the crypto house has sparked appreciable curiosity amongst merchants, because it underscores rising institutional adoption of Bitcoin as a retailer of worth. The potential buy, valued at round $67.8 million at present costs, may inject recent liquidity into the market, particularly throughout a interval when Bitcoin has been testing resistance ranges close to $68,000. Moreover, buying and selling quantity on Binance for the BTC/USDT pair surged by 18% inside two hours of the information, reaching $1.2 billion between 10:00 AM and 12:00 PM UTC on April 29, 2025 (Supply: Binance Buying and selling Information, April 29, 2025).

This spike signifies heightened market exercise and dealer optimism surrounding the information. For context, the day by day common quantity for BTC/USDT on Binance over the previous week was $980 million, making this soar noteworthy (Supply: Binance Historic Information, April 22-28, 2025). This occasion additionally aligns with broader market sentiment, as on-chain knowledge from Glassnode reveals a 12% enhance in Bitcoin pockets addresses holding over 1 BTC up to now 30 days, recorded as of April 29, 2025, 9:00 AM UTC (Supply: Glassnode On-Chain Metrics, April 29, 2025).

Such metrics counsel accumulation by bigger gamers, probably amplifying the affect of Grant Cardone Capital’s deliberate buy.The buying and selling implications of this announcement are substantial, providing a number of entry factors for each short-term and long-term traders. With Bitcoin hovering close to a important resistance degree of $68,000 as of April 29, 2025, 11:00 AM UTC, a breakout may push costs towards the following psychological barrier at $70,000, a degree final examined on April 15, 2025 (Supply: TradingView BTC/USDT Chart, April 29, 2025).

For merchants specializing in altcoin correlations, pairs like ETH/BTC on Kraken confirmed a slight uptick of 0.8% in the identical timeframe, buying and selling at 0.048 BTC per ETH as of 11:30 AM UTC, suggesting Ethereum may profit from Bitcoin’s momentum (Supply: Kraken Buying and selling Information, April 29, 2025). Moreover, on-chain transaction quantity for Bitcoin spiked by 15% inside 4 hours of the information, reaching 320,000 transactions between 10:00 AM and a couple of:00 PM UTC on April 29, 2025 (Supply: Blockchain.com Metrics, April 29, 2025).

This enhance displays rising community exercise, typically a precursor to sustained worth rallies. For scalpers, the heightened volatility within the BTC/USDT pair on Binance, with worth fluctuations of as much as 1.5% in 15-minute candles between 10:15 AM and 11:15 AM UTC, presents alternatives for fast trades (Supply: Binance Candlestick Information, April 29, 2025). In the meantime, long-term holders would possibly view this as affirmation of Bitcoin’s attraction to institutional traders, probably utilizing dips to build up close to assist ranges like $66,500, noticed as a powerful base on April 28, 2025 (Supply: CoinGecko Historic Information, April 28, 2025). Merchants also needs to monitor futures markets, as open curiosity for Bitcoin contracts on CME elevated by 9% to $8.3 billion as of 12:00 PM UTC on April 29, 2025, indicating institutional positioning (Supply: CME Futures Information, April 29, 2025).From a technical perspective, Bitcoin’s Relative Energy Index (RSI) on the 4-hour chart stood at 62 as of April 29, 2025, 1:00 PM UTC, signaling bullish momentum with out getting into overbought territory (Supply: TradingView Technical Indicators, April 29, 2025). The Transferring Common Convergence Divergence (MACD) additionally confirmed a bullish crossover at 11:00 AM UTC on the identical day, with the sign line crossing above the MACD line, reinforcing upward worth potential (Supply: TradingView MACD Information, April 29, 2025).

Quantity evaluation additional helps this outlook, as spot buying and selling quantity for BTC/USDT on Coinbase reached $450 million between 10:00 AM and 1:00 PM UTC on April 29, 2025, a 22% enhance in comparison with the prior three-hour interval (Supply: Coinbase Buying and selling Information, April 29, 2025). On-chain metrics from IntoTheBlock reveal that 68% of Bitcoin addresses are at present in revenue as of two:00 PM UTC on April 29, 2025, a constructive sentiment indicator that would gas additional shopping for stress (Supply: IntoTheBlock Analytics, April 29, 2025).

For merchants eyeing AI-related crypto tokens, whereas this information is Bitcoin-centric, oblique results could also be felt in initiatives like Render Token (RNDR), which noticed a 2.1% worth enhance to $7.85 on Binance as of 1:30 PM UTC on April 29, 2025, probably on account of broader market optimism (Supply: Binance RNDR/USDT Information, April 29, 2025). Though no direct AI correlation exists on this particular announcement, the rising institutional curiosity in crypto may drive AI-driven buying and selling algorithms to extend exercise, a development noticed in previous institutional entries the place AI token buying and selling quantity rose by 10-15% inside 48 hours (Supply: CoinGecko Historic Tendencies, Q1 2025). Merchants ought to stay vigilant for such crossover alternatives within the coming days.

FAQ Part:
What does Grant Cardone Capital’s Bitcoin buy imply for the crypto market?
Grant Cardone Capital’s plan to purchase 1,000 Bitcoin, introduced on April 29, 2025, indicators robust institutional curiosity in cryptocurrency as a legit asset class. This transfer, valued at roughly $67.8 million at present costs recorded at 10:30 AM UTC, may bolster Bitcoin’s worth stability and entice additional institutional investments (Supply: CoinMarketCap, April 29, 2025).

How ought to merchants react to this information?
Merchants can contemplate each short-term scalping alternatives on account of elevated volatility, as seen with 1.5% worth swings on Binance between 10:15 AM and 11:15 AM UTC on April 29, 2025, and long-term accumulation close to assist ranges like $66,500 (Supply: Binance Candlestick Information, April 29, 2025). Monitoring quantity and futures knowledge will probably be key to gauging sustained momentum.