Posts published on April 29, 2025 go to media archive 1/4

Labor pain, crypto gain — How weak JOLTS data sets path for Bitcoin price to rally

Key points:Weak labor and consumer data often precede Bitcoin rallies, leading some analysts to anticipate future economic stimulus programs.Job openings fell to 7.2 million in March versus the 7.5 million forecast and consumer confidence hit its…

Betting markets’ Q1 US GDP forecast flips negative amid tariff turmoil

Bettors on prediction platforms Polymarket and Kalshi are flipping bearish on the US economy. As of April 29, both platforms are predicting that the US will log an economic contraction during the first quarter of 2025 in an upcoming economic data…

US Senate majority leader expects stablecoin vote before May 26 — Report

US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday.According to an April 29 Politico report, Thune made the comments in a…

Bitcoin price still in bargain zone as US jobs report sparks rate cut hopes

Key Takeaways:Fidelity Digital Assets says Bitcoin is undervalued and the firm holds an optimistic mid-term outlook.The JOLTS report shows a sharp drop in open US jobs, raising investors’ hope for Fed interest rate cuts. According to Fidelity…

Ethereum Price Completes Structure Break As Buyers Take Control, Why A Surge Above $4,400 Is Possible

Technical analysis shows that Ethereum’s price action is currently completing a market structure that shows signs of revival. After weeks of struggling below key levels, Ethereum now appears to have completed a market structure break, with a…

Growth of crypto poses risks to investors, financial stability — Bank of Italy

The Bank of Italy identified Bitcoin and other digital assets as emerging risk factors in a recent report, citing concerns for both investors and the financial system.In its April 2025 Financial Stability Report, the Bank of Italy flags crypto…

Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts

Bitcoin Magazine Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts On April 29, 2025, Phoenix Group announced, in a press release sent to Bitcoin Magazine, that it has added fifty-two megawatts of Bitcoin…

Bitcoin price always rallies at least 50% after these two patterns emerge

Key takeaways:Bitcoin tends to rally significantly when low leverage meets stronger-than-expected retail sales and hawkish Federal Reserve signals.In three separate 7-week periods, Bitcoin rose 50% to 84%.Upcoming speeches from Fed Chair Jerome…

Crypto Analyst Shatters XRP Price Bullishness, Predicts Massive Crash To This Support Level

Crypto analyst Crypto Paradise has shattered hopes of an upward trend for the XRP price in the short term. This came following his prediction that the altcoin could witness a massive crash to a major support level.  Analyst Predicts XRP Price Crash…

Ethereum’s ‘capitulation’ suggests ETH price is undervalued: Fidelity report

Key Takeaways: Fidelity Digital Assets’ report said that multiple Ethereum onchain metrics suggest ETH trades at a discount.The BTC/ETH market cap ratio is at mid-2020 levels. Ethereum's layer-2 active addresses hit new highs at 13.6 million…