🗞️ Crypto News Update: April 29, 2025
🪙 Ethereum Leads Altcoin Rally Amid 'Utility Season' Surge
Ethereum has experienced a significant price surge, signaling the onset of a 'Utility Season' in the crypto markets. This uptick is attributed to increased adoption of Ethereum-based applications and a growing interest in decentralized finance (DeFi) platforms.
📈 Bitcoin's Breakout Indicates Strong Uptrend
Bitcoin's recent breakout is in its early stages, suggesting potential for continued upward momentum.
🌐 China's Record Gold Purchases Prompt Calls for U.S. to Shift Reserves to Bitcoin
China is accelerating its gold purchases at a record pace in 2025, signaling a significant shift in global financial strategies. This development has led to calls for the U.S. to consider shifting its reserves to Bitcoin to maintain economic competitiveness.