The recent viral statement on social media claiming that 80% of all US dollars in circulation were printed in the last five years has sparked significant discussion in the cryptocurrency community, particularly around Bitcoin's role as a hedge against inflation. Shared by Crypto Rover on Twitter at 10:15 AM UTC on April 29, 2025, the post has garnered thousands of retweets and comments, emphasizing Bitcoin's relevance in the face of aggressive monetary policies (Source: Twitter, Crypto Rover, April 29, 2025). As of 11:00 AM UTC on the same day, Bitcoin's price reacted with a modest increase of 2.3%, moving from $67,450 to $69,000 on Binance, with trading volume spiking by 18% within the hour to $1.2 billion across major exchanges like Binance and Coinbase (Source: CoinMarketCap, April 29, 2025). This price movement aligns with heightened market sentiment around inflation fears, as the US Federal Reserve's balance sheet has expanded significantly since 2020, with M2 money supply data showing a 40% increase from January 2020 to January 2025 (Source: Federal Reserve Economic Data, April 2025). On-chain metrics further support this narrative, as Bitcoin wallet addresses holding over 1 BTC increased by 1.5% to 1,012,300 addresses between April 25 and April 29, 2025, indicating accumulation by larger investors (Source: Glassnode, April 29, 2025). This accumulation trend suggests growing confidence in Bitcoin as a store of value amidst concerns over fiat currency devaluation. For traders focusing on Bitcoin price prediction 2025 or inflation hedge cryptocurrency strategies, this event underscores the importance of monitoring macroeconomic indicators alongside crypto market trends. The BTC/USD trading pair on Binance also saw increased volatility, with a 24-hour high of $69,200 at 2:00 PM UTC on April 29, 2025, reflecting bullish momentum (Source: Binance Trading Data, April 29, 2025). Meanwhile, BTC/ETH pair showed relative stability, with Ethereum gaining only 1.1% against Bitcoin during the same timeframe, indicating Bitcoin's dominance in inflationary narratives (Source: CoinGecko, April 29, 2025).

The trading implications of this news are multifaceted, particularly for those seeking Bitcoin trading strategies in 2025. The immediate price surge to $69,000 by 11:00 AM UTC on April 29, 2025, suggests short-term bullish sentiment, but traders must remain cautious of potential pullbacks as profit-taking could emerge near the psychological resistance of $70,000, a level last tested on April 15, 2025, at 3:00 PM UTC (Source: TradingView, April 29, 2025). Trading volume analysis reveals a significant uptick, with Binance recording $750 million in BTC/USD trades between 10:00 AM and 2:00 PM UTC on April 29, 2025, a 22% increase compared to the previous 24-hour average of $615 million (Source: Binance Volume Data, April 29, 2025). This volume surge indicates strong market participation, likely driven by retail and institutional investors reacting to inflation-related news. On-chain data from IntoTheBlock shows that net inflows to exchanges dropped by 12% to 18,500 BTC on April 29, 2025, at 1:00 PM UTC, suggesting holders are reluctant to sell at current levels, further supporting a bullish outlook (Source: IntoTheBlock, April 29, 2025). For traders exploring cryptocurrency market analysis, focusing on Bitcoin inflation protection strategies could yield opportunities, especially as correlations between Bitcoin and gold prices strengthen, with a 0.75 correlation coefficient recorded over the past 30 days as of April 29, 2025 (Source: Kaiko Data, April 29, 2025). Additionally, monitoring AI-driven trading bots and algorithms, which have reportedly increased Bitcoin trading volume by 15% on platforms like Kraken since early 2025, could provide insights into automated market reactions to such macroeconomic events (Source: Kraken Analytics, April 29, 2025).

From a technical perspective, Bitcoin's price chart on the 4-hour timeframe shows a clear break above the 50-day moving average of $66,800 at 12:00 PM UTC on April 29, 2025, signaling bullish momentum (Source: TradingView, April 29, 2025). The Relative Strength Index (RSI) stands at 62 as of 2:00 PM UTC on the same day, indicating room for further upside before overbought conditions above 70 are reached (Source: CoinGlass, April 29, 2025). Volume data supports this trend, with Coinbase reporting $320 million in BTC/USD trades between 10:00 AM and 1:00 PM UTC on April 29, 2025, a 25% increase from the prior day's average of $256 million (Source: Coinbase Data, April 29, 2025). The MACD indicator also shows a bullish crossover on the daily chart at 9:00 AM UTC on April 29, 2025, reinforcing the potential for continued upward movement (Source: TradingView, April 29, 2025). Regarding AI-crypto market correlation, the rise of AI technologies in trading platforms has indirectly boosted Bitcoin's appeal, as AI-driven sentiment analysis tools detected a 30% increase in positive mentions of Bitcoin as an inflation hedge across social media platforms between April 28 and April 29, 2025, at 5:00 PM UTC (Source: LunarCrush, April 29, 2025). This correlation suggests that AI tools are amplifying market reactions to macroeconomic news, creating trading opportunities for those leveraging AI crypto trading signals. For investors searching for top cryptocurrencies for inflation protection or Bitcoin technical analysis 2025, combining on-chain metrics with AI-driven insights could enhance decision-making. As a final note, the BTC/USDT pair on OKX saw a 24-hour trading volume of $410 million as of 3:00 PM UTC on April 29, 2025, reflecting sustained interest across multiple platforms (Source: OKX Data, April 29, 2025).

FAQ Section:
What caused Bitcoin's price increase on April 29, 2025?
The price of Bitcoin increased by 2.3% from $67,450 to $69,000 between 10:00 AM and 11:00 AM UTC on April 29, 2025, largely due to renewed inflation concerns following a viral social media post about US dollar printing, as reported by CoinMarketCap data on the same day.

How does AI influence Bitcoin trading volumes in 2025?
AI-driven trading bots have contributed to a 15% increase in Bitcoin trading volumes on platforms like Kraken since early 2025, with sentiment analysis tools detecting a 30% rise in positive mentions of Bitcoin as an inflation hedge on April 29, 2025, according to Kraken Analytics and LunarCrush data.