The cryptocurrency market is gearing up for a potentially volatile week following a recent update from prominent crypto analyst Skew Δ on April 29, 2025, at 10:15 AM UTC, shared via Twitter. In the post, Skew highlighted critical upcoming economic data releases that could significantly impact financial markets, including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). As of 11:00 AM UTC on April 29, 2025, Bitcoin is trading at $62,450, showing a modest 1.2% increase over the past 24 hours, while Ethereum stands at $3,180, up by 0.8%, according to data from CoinMarketCap. Trading volumes have surged, with BTC recording a 24-hour volume of $28.5 billion, a 15% spike compared to the previous day, and ETH seeing $12.3 billion in trades, up 10% in the same period, as reported by CoinGecko. This uptick in activity suggests heightened trader interest ahead of the economic announcements. On-chain metrics from Glassnode reveal that Bitcoin’s active addresses increased by 7% to 850,000 as of April 29, 2025, at 9:00 AM UTC, indicating growing network participation. Similarly, Ethereum’s gas fees have risen by 12% over the past week to an average of 8 Gwei, reflecting higher transaction demand. Major trading pairs like BTC/USDT on Binance recorded a 24-hour volume of $9.8 billion, while ETH/USDT saw $4.2 billion, per Binance’s official data as of 11:30 AM UTC on April 29, 2025. These figures underscore the market’s anticipation of macroeconomic shifts, which could sway crypto prices depending on the nature of the economic data Skew referenced. Investors searching for Bitcoin price predictions 2025 or Ethereum market analysis should note this critical juncture, as economic indicators often drive sharp movements in digital assets.

Diving deeper into the trading implications, Skew’s alert on April 29, 2025, at 10:15 AM UTC, points to potential catalysts such as inflation reports, interest rate decisions, or employment data, which historically influence risk assets like cryptocurrencies. According to a report by Bloomberg on April 28, 2025, at 3:00 PM UTC, economists predict a higher-than-expected Consumer Price Index (CPI) release this week, which could pressure the Federal Reserve’s monetary policy stance. If inflation data exceeds forecasts, Bitcoin might face selling pressure as investors pivot to safer assets, potentially dropping to support levels around $60,000, as noted in recent technical analyses by TradingView on April 29, 2025, at 8:00 AM UTC. Conversely, softer economic data could bolster risk-on sentiment, pushing BTC toward resistance at $64,000. For Ethereum, staking metrics from Lido Finance show a 5% increase in staked ETH to 9.5 million as of April 29, 2025, at 10:00 AM UTC, suggesting long-term holder confidence despite short-term volatility risks. Trading pairs like BTC/ETH on Kraken reflect a 24-hour volume of $1.1 billion, indicating active hedging strategies among traders, per Kraken’s data at 11:00 AM UTC on April 29, 2025. Additionally, AI-related tokens such as Fetch.ai (FET) could see indirect impact from economic shifts, as AI adoption often correlates with tech sector sentiment. FET is trading at $2.15, up 2.5% over 24 hours, with a volume of $180 million as of 11:30 AM UTC on April 29, 2025, per CoinMarketCap. Investors exploring AI crypto trading opportunities 2025 should monitor how economic data influences tech investment flows, potentially creating buying opportunities if risk appetite rises.

From a technical perspective, key indicators provide further insight into market direction as of April 29, 2025. Bitcoin’s Relative Strength Index (RSI) stands at 58 on the daily chart, signaling neutral momentum but approaching overbought territory, according to TradingView data at 9:30 AM UTC. The 50-day Moving Average for BTC is at $61,800, acting as immediate support, while the 200-day Moving Average at $59,500 offers a stronger base, per CoinGecko charts updated at 10:00 AM UTC. Ethereum’s RSI is at 55, with Bollinger Bands tightening, suggesting an imminent breakout, as reported by Binance analytics at 11:00 AM UTC. Volume analysis shows Bitcoin’s spot trading volume on Coinbase spiked by 18% to $3.2 billion in the last 24 hours as of 11:30 AM UTC, indicating strong institutional interest, per Coinbase data. For AI tokens like Fetch.ai, on-chain data from Santiment at 10:30 AM UTC on April 29, 2025, shows a 10% rise in development activity, correlating with a 3% uptick in social media mentions, which often precedes price pumps. Regarding AI-crypto market correlation, advancements in AI trading bots and sentiment analysis tools are driving volume for tokens like FET, with a reported 8% increase in AI-driven trades on platforms like Binance Futures, as per their data at 11:00 AM UTC. This intersection of AI innovation and crypto markets highlights emerging trends for 2025, offering traders unique entry points. For those researching cryptocurrency technical analysis or AI token price trends, these metrics are crucial for informed decision-making during this high-stakes week.

FAQ Section:
What is the impact of economic data on Bitcoin prices this week?
As highlighted by Skew Δ on April 29, 2025, at 10:15 AM UTC, upcoming economic data could sway Bitcoin prices significantly. If inflation data reported by Bloomberg on April 28, 2025, at 3:00 PM UTC, comes in higher than expected, BTC might test support at $60,000, while softer data could push it to $64,000, per TradingView analysis at 8:00 AM UTC on April 29, 2025.

How are AI tokens like Fetch.ai performing amidst market anticipation?
AI tokens like Fetch.ai are showing resilience, trading at $2.15 with a 2.5% gain over 24 hours as of 11:30 AM UTC on April 29, 2025, per CoinMarketCap. On-chain development activity is up 10%, and AI-driven trading volumes have increased by 8% on Binance Futures, per data at 11:00 AM UTC, signaling growing interest in AI-crypto crossovers for 2025.