The Dallas Fed Manufacturing Index plunged to its lowest level since the COVID pandemic closed the economy.

By Tom Carreras|Edited by Stephen Alpher

Apr 29, 2025, 12:57 a.m.

What to know:

  • Bitcoin remained roughly flat during U.S. trading hours, reversing an early decline.

  • After strong advances last week, Coinbase and Stategy were lower Monday, while Janover and DeFi Technologies have seen gains due to SOL accumulation strategies.

  • The Dallas Fed Manufacturing Index fell to its lowest level since May 2020, reflecting significant economic concerns due to the Trump tariffs.

Bitcoin (BTC) fell early in the U.S. trading session, but mostly held firm as poor macroeconomic news rolled in.

The top cryptocurrency late in the day was trading just below $95,000, up 0.5% over the past 24 hours. The CoinDesk 20 — an index of the top 20 largest cryptocurrencies by market capitalization excluding memecoins, exchange coins and stablecoins — was roughly flat over the same time frame.

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