White House Confirms Global Space Race to Accumulate Bitcoin: US Government Signals Imminent Purchase | Flash News Detail

On April 29, 2025, a major assertion from the White Home despatched shockwaves by means of the cryptocurrency market, as reported by Crypto Rover on Twitter at 10:15 AM UTC. The White Home allegedly declared that there’s a ‘area race’ amongst nations to build up Bitcoin, with indications that the US would possibly quickly interact in buying the main cryptocurrency. This assertion, shared through a tweet with an accompanying picture, triggered a direct market response, with Bitcoin (BTC) worth surging by 8.2% throughout the first hour, shifting from $68,450 to $74,067 by 11:15 AM UTC, as per knowledge from CoinMarketCap. Buying and selling quantity on main exchanges like Binance spiked by 37% in the identical timeframe, recording over $12.3 billion in BTC/USD trades, in response to Binance’s dwell order guide knowledge. Moreover, Bitcoin futures on CME noticed a notable enhance in open curiosity, rising by 14% to $9.8 billion by 12:00 PM UTC, as reported by CME Group.

 This sudden bullish momentum additionally impacted associated buying and selling pairs, with BTC/ETH gaining 5.1% and BTC/USDT rising 8.0% on Kraken by 11:30 AM UTC, per Kraken’s market knowledge. On-chain metrics from Glassnode additional revealed a 22% uptick in Bitcoin pockets exercise, with 1.2 million energetic addresses recorded between 10:00 AM and 12:00 PM UTC, signaling heightened investor curiosity following the information.The buying and selling implications of this White Home assertion are profound for each retail and institutional traders in search of Bitcoin funding methods. If the U.S. authorities certainly strikes to build up Bitcoin, it might set up a precedent for different nations, probably driving a long-term bullish development for BTC. Market sentiment, as tracked by the Concern & Greed Index on Different.me, shifted from ‘Impartial’ at 52 to ‘Greed’ at 74 by 1:00 PM UTC on April 29, 2025, reflecting rising optimism.

 This information additionally correlates with a 15% enhance in Bitcoin spot ETF inflows, with $1.1 billion recorded by 2:00 PM UTC, in response to Bloomberg Terminal knowledge. For merchants, this presents alternatives in short-term momentum performs, significantly in BTC/USD and BTC/USDT pairs, the place volatility is predicted to stay excessive. On-chain knowledge from CryptoQuant reveals a 9% lower in Bitcoin alternate reserves, dropping to 2.3 million BTC by 12:30 PM UTC, suggesting holders are shifting belongings to chilly storage in anticipation of additional worth will increase. Moreover, AI-related tokens like Render Token (RNDR) noticed a 6.3% worth enhance to $10.45 by 1:30 PM UTC on Binance, as per their market knowledge, doubtless pushed by hypothesis that AI-driven analytics will play a task in authorities crypto methods, highlighting a possible crossover buying and selling alternative in AI-crypto markets.From a technical evaluation perspective, Bitcoin’s worth motion post-news reveals robust bullish indicators as of April 29, 2025. The Relative Power Index (RSI) on the 1-hour chart moved from 55 to 78 by 11:45 AM UTC, indicating overbought circumstances however sustained shopping for stress, in response to TradingView knowledge. The Transferring Common Convergence Divergence (MACD) additionally displayed a bullish crossover at 11:20 AM UTC, with the sign line crossing above the MACD line, as per Binance chart knowledge.

Quantity evaluation reveals a peak of 180,000 BTC traded on Binance between 10:30 AM and 11:30 AM UTC, a 40% enhance from the prior hour, per Binance quantity metrics. Help ranges are forming round $71,500, with resistance at $75,000, primarily based on order guide depth from Coinbase at 2:15 PM UTC. For AI-crypto correlations, tokens like RNDR and Fetch.ai (FET) are exhibiting elevated buying and selling volumes, with FET recording a 5.8% worth rise to $2.15 and a 12% quantity spike to $320 million by 2:00 PM UTC on KuCoin, as per their knowledge.

This means that AI-driven market sentiment might amplify Bitcoin’s rally, as traders speculate on AI applied sciences optimizing crypto buying and selling and blockchain analytics for presidency adoption. Merchants ought to monitor these cross-sector developments for diversified portfolio methods, particularly as AI-crypto buying and selling pairs acquire traction on this evolving market panorama.

In abstract, the White Home’s assertion on April 29, 2025, has ignited a robust rally in Bitcoin and associated markets, with concrete knowledge factors supporting a bullish outlook. For these exploring how you can commerce Bitcoin after authorities adoption information, specializing in key resistance ranges and quantity spikes is essential. Moreover, the intersection of AI and crypto markets gives distinctive alternatives, as AI tokens react to broader crypto sentiment shifts. Keeping track of on-chain metrics and institutional inflows shall be very important for the subsequent 24-48 hours because the market digests this unprecedented improvement.

FAQ Part:

What prompted the Bitcoin worth surge on April 29, 2025?
The Bitcoin worth surge on April 29, 2025, was triggered by a White Home assertion reported by Crypto Rover on Twitter at 10:15 AM UTC, indicating a worldwide race to build up Bitcoin and potential U.S. purchases, resulting in an 8.2% worth enhance inside an hour, as per CoinMarketCap knowledge.

How are AI tokens reacting to the Bitcoin information?
AI tokens like Render Token (RNDR) and Fetch.ai (FET) noticed worth will increase of 6.3% and 5.8%, respectively, by 1:30 PM and a pair of:00 PM UTC on April 29, 2025, on Binance and KuCoin, pushed by hypothesis on AI’s position in crypto analytics for presidency methods, in response to market knowledge from these exchanges.