Cryptocurrency prices today April 29, 2025: XRP, Bitcoin increase, Pi decrease sharply
Cryptocurrency prices today April 29, 2025: XRP increased more than 3%, hovering around $2.33, Bitcoin increased slightly to nearly $94,000, while Pi dropped sharply by 3.8% to $0.6
XRP price increased by more than 3%, hovering around $2.33. The rally was fueled by positive factors such as the US Securities and Exchange Commission (SEC) approving XRP futures exchange-traded funds (ETFs), along with bullish technical signals amid the overall recovery of the cryptocurrency market.
The new SEC-approved funds include ProShares UltraShort XRP, ProShares Ultra XRP, and ProShares Short XRP, all designed to generate leveraged or inverse returns on XRP futures price movements.
Bitcoin (BTC) is currently holding steady above $94,000 after a strong 10% increase last week. Inflows from major financial institutions into Bitcoin spot ETFs in the US reached $3.06 billion last week, the highest figure since November last year. If Bitcoin breaks above $95,000, it could continue to climb to $97,000 in the near future.
Dogecoin (DOGE) price is down slightly, trading around $0.1811, down from $0.1818 a day ago, representing a 0.36% decrease in 24 hours. Dogecoin trading volume is also down 4.05%, down to over $1.11 billion.
The decline in price and volume suggests that Dogecoin may be entering a trend reversal phase, as investors lose interest amid mounting macroeconomic pressures. However, over the past seven days, Dogecoin is still up 11.79%, with a total market capitalization of nearly $27 billion.
Shiba Inu (SHIB) saw a slight gain, trading at $0.00001399, up 1% from the previous day. However, Shiba Inu’s trading volume fell by more than 5% to around $185 million. This suggests that despite the price increase, trader interest may be waning. Over the past week, Shiba Inu has gained 9.91%, with a market capitalization of over $8.24 billion.
Ethereum (ETH) remained stable at around $1,805.44, up just 0.06% over the past 24 hours. ETH trading volume dropped sharply by 11.52% to $11.73 billion, indicating a wait-and-see attitude ahead of major events in the market. However, Ethereum still gained 9.72% over the past week, with a total capitalization of nearly $218 billion.
The entire cryptocurrency market is preparing for a very important week. Investors will pay attention to information such as the US economy, corporate earnings reports, ETF-related moves, and technical signals from Bitcoin. The coming days will be decisive for the next trend of Bitcoin and the entire market.
Regarding Ripple, President Monica Long confirmed to CNBC that the company has no plans to go public in 2025.
Ms. Long said that Ripple currently has strong financial resources and will focus on developing stablecoin projects and promoting the tokenization of real assets. Previously, CEO Brad Garlinghouse shared that the IPO plan would only be considered after the legal dispute with the SEC was completely closed.
Regarding Pi Network (Pi), the price on the OKX exchange on April 29, 2025 fluctuated between 0.6043 USD and 0.6368 USD (equivalent to 15,710 to 16,570 VND). Compared to the previous day, the price of Pi has decreased by 3.7%, currently around 15,810 VND.
Despite Bitcoin’s strong growth, Pi Network is quite weak, trading around $0.60 to $0.68. If Pi can break above $0.68, it could open a new bull run, aiming for higher levels like $0.78 and $0.85. If the rally is strong, Pi could even return to $1.03 after more than a month of decline.
In May, the Pi Network community has high expectations for the major event Consensus 2025 taking place in Toronto, Canada from May 14 to 16. Here, Dr. Nicolas Kokkalis, founder of Pi Network, will participate in the speech. Many believe that this event can help Pi Coin attract more attention and increase the value of Pi.
