๐๏ธ Today's Crypto News: April 29, 2025
๐ 1. Bitcoin Price Surges
Bitcoin's price has approached $94,000, marking a 10% increase compared to last week.
This rally is attributed to growing institutional investments and easing U.S.-China trade tensions.
๐๏ธ 2. Arizona Approves Bitcoin Investments
The state of Arizona has officially approved government investments in Bitcoin, making it the first U.S. state to support crypto assets in 2025.
๐ 3. BlackRock Purchases $970.9 Million in Bitcoin
Major institutional investor BlackRock has bought approximately $970.9 million worth of Bitcoin, signaling strong bullish sentiment in the market.
๐ ๏ธ 4. Binance Launches New Trading Bots
Binance has introduced new Spot Grid and Spot DCA trading bots for FET/USDC and RENDER/USDC pairs, enhancing automated trading options for users.
๐ 5. Bitcoin Exchange Supply Hits Seven-Year Low
According to CryptoQuant, Bitcoin's exchange supply has dropped to 2.488 million BTC, reaching its lowest level since October 2018, suggesting increasing long-term holding.