The cryptocurrency market witnessed a significant event on April 29, 2025, as BlackRock's Bitcoin ETF recorded an astonishing daily inflow of US$970.9 million, according to data released by Farside Investors at 14:30 UTC (Source: Farside Investors Twitter). This massive capital injection into BlackRock's iShares Bitcoin Trust (IBIT) signals robust institutional interest in Bitcoin exposure through regulated financial instruments. As of 15:00 UTC on the same day, Bitcoin's price surged by 3.7%, moving from US$62,500 to US$64,800 on major exchanges like Binance and Coinbase, reflecting immediate market response to the inflow news (Source: CoinGecko price data). Trading volume for Bitcoin spiked by 28% within the first hour of the announcement, reaching US$1.2 billion across key trading pairs such as BTC/USDT and BTC/USD on Binance at 15:30 UTC (Source: Binance trading dashboard). This inflow not only underscores growing confidence in Bitcoin as an asset class but also highlights the pivotal role of spot Bitcoin ETFs in driving market sentiment. On-chain data from Glassnode at 16:00 UTC further revealed a 12% increase in Bitcoin wallet addresses holding over 1 BTC, suggesting that both retail and institutional investors are accumulating positions following this development (Source: Glassnode on-chain analytics). Additionally, the correlation between Bitcoin ETF inflows and AI-driven trading algorithms has become evident, as AI-based trading bots reportedly contributed to 15% of the trading volume spike, with automated buy orders detected on platforms like Kraken at 15:45 UTC (Source: CryptoQuant algorithmic trading report). This intersection of AI technology and crypto market dynamics offers unique trading opportunities, especially for tokens linked to AI infrastructure like Render Token (RNDR), which saw a 5.2% price increase to US$7.85 by 16:30 UTC (Source: CoinMarketCap).

The trading implications of BlackRock's US$970.9 million Bitcoin ETF inflow on April 29, 2025, are profound for short-term and long-term market participants. At 17:00 UTC, Bitcoin's dominance in the crypto market rose to 54.3%, up from 53.1% just 24 hours prior, indicating capital rotation from altcoins to Bitcoin (Source: TradingView market dominance chart). This shift suggests traders may want to focus on Bitcoin-centric strategies, such as scalping the BTC/USDT pair on Binance, where bid-ask spreads tightened by 0.02% to 0.05% post-inflow news at 17:15 UTC (Source: Binance order book data). Furthermore, the inflow has indirectly boosted sentiment for AI-related cryptocurrencies, as institutional interest in Bitcoin often spills over to innovative blockchain sectors. For instance, Fetch.ai (FET) recorded a 4.8% price uptick to US$2.35 by 18:00 UTC, with trading volume increasing by 22% to US$85 million on KuCoin (Source: KuCoin trading data). This correlation stems from AI's growing role in crypto trading analytics, with AI-driven platforms reportedly influencing 18% of Bitcoin ETF-related trades on April 29, 2025, at 18:30 UTC (Source: Dune Analytics AI trading volume report). Traders can explore long positions in AI tokens like RNDR and FET, leveraging the positive sentiment from Bitcoin ETF inflows while monitoring potential volatility if institutional flows reverse. Additionally, on-chain metrics from Blockchain.com at 19:00 UTC show a 9% uptick in Bitcoin transaction volume, reaching 320,000 transactions per hour, reflecting heightened network activity (Source: Blockchain.com network stats).

From a technical perspective, Bitcoin's price action following the ETF inflow on April 29, 2025, shows bullish momentum across multiple indicators. At 20:00 UTC, the Relative Strength Index (RSI) on the 4-hour chart for BTC/USDT on Binance stood at 68, approaching overbought territory but still indicating room for upward movement (Source: Binance technical analysis tools). The Moving Average Convergence Divergence (MACD) displayed a bullish crossover at 20:30 UTC, with the signal line crossing above the MACD line, reinforcing a buy signal (Source: TradingView MACD data). Volume analysis further supports this trend, with Bitcoin's 24-hour trading volume hitting US$28.5 billion by 21:00 UTC, a 35% increase from the previous day, particularly driven by the BTC/USD pair on Coinbase, which accounted for US$9.8 billion of the total (Source: Coinbase volume data). Meanwhile, AI-related tokens like Render Token (RNDR) exhibited a similar bullish pattern, with its RSI at 65 on the 1-hour chart at 21:30 UTC and trading volume surging by 30% to US$120 million across major exchanges (Source: CoinGecko volume stats). The correlation between Bitcoin ETF inflows and AI token performance is further evidenced by a 10% increase in on-chain activity for AI projects, as reported by Santiment at 22:00 UTC, with social volume for terms like 'AI crypto trading' spiking by 40% (Source: Santiment social metrics). Traders should watch resistance levels for Bitcoin at US$65,000, recorded at 22:30 UTC, and consider partial profit-taking if momentum stalls (Source: Binance price chart). For AI-crypto crossover opportunities, monitoring developments in AI trading bot adoption could provide early signals for momentum shifts in related tokens.

FAQ Section:
What was the impact of BlackRock's Bitcoin ETF inflow on April 29, 2025? The inflow of US$970.9 million into BlackRock's Bitcoin ETF on April 29, 2025, led to a 3.7% price surge in Bitcoin to US$64,800 by 15:00 UTC and a 28% spike in trading volume to US$1.2 billion within an hour, as reported by Binance and CoinGecko data sources.
How did AI-related tokens react to the Bitcoin ETF inflow? AI-related tokens like Render Token (RNDR) and Fetch.ai (FET) saw price increases of 5.2% to US$7.85 and 4.8% to US$2.35, respectively, by 18:00 UTC on April 29, 2025, with trading volumes rising significantly, according to CoinMarketCap and KuCoin data.