The cryptocurrency market has witnessed a significant surge in institutional interest, as evidenced by seven consecutive days of positive net capital inflows into Bitcoin and altcoin Exchange-Traded Funds (ETFs) as of April 29, 2025. According to data shared by Santiment on Twitter at 10:30 AM UTC on April 29, 2025, this sustained inflow reflects growing confidence among institutional investors, with major players like BlackRock and their iShares Bitcoin Trust (IBIT) playing a pivotal role in driving this rally (Source: Santiment Twitter Post, April 29, 2025). Bitcoin's price surged by 5.2% within 24 hours, reaching $71,250 at 9:00 AM UTC on April 29, 2025, as reported by CoinGecko. Simultaneously, altcoins such as Ethereum (ETH) and Solana (SOL) recorded gains of 3.8% and 6.1%, respectively, during the same timeframe, with ETH trading at $3,280 and SOL at $192 (Source: CoinGecko, April 29, 2025). Trading volumes across major exchanges like Binance and Coinbase also spiked, with Bitcoin spot trading volume increasing by 18% to $28.4 billion in the last 24 hours as of 10:00 AM UTC on April 29, 2025 (Source: CoinMarketCap). On-chain data from Glassnode indicates a 12% rise in Bitcoin wallet addresses holding over 1 BTC during this seven-day period, signaling accumulation by larger investors as of April 28, 2025 (Source: Glassnode). This institutional momentum, particularly driven by ETF inflows, appears to be a key catalyst for the current market uptrend. Additionally, the involvement of BlackRock, managing over $10 trillion in assets, underscores the mainstream adoption of cryptocurrencies, with IBIT alone recording a net inflow of $213 million on April 28, 2025, as per Santiment's latest insights (Source: Santiment Insights, April 29, 2025). This data suggests that institutional capital is not only sustaining but accelerating the bullish sentiment across major crypto assets.

The trading implications of these ETF inflows are profound for both retail and institutional traders looking to capitalize on this momentum. With Bitcoin's price breaking past the psychological barrier of $70,000 at 8:00 AM UTC on April 29, 2025, traders are eyeing potential resistance levels near $73,000, a point last tested in early March 2024 (Source: TradingView, April 29, 2025). For altcoins, Ethereum's trading pair ETH/BTC has shown a relative strength index (RSI) increase to 58, indicating potential for further gains against Bitcoin as of 10:00 AM UTC on April 29, 2025 (Source: Binance Charts). Solana's SOL/USDT pair also recorded a 24-hour trading volume surge of 22%, reaching $3.1 billion as of 9:30 AM UTC on April 29, 2025, reflecting heightened trader interest (Source: CoinMarketCap). On-chain metrics further support a bullish outlook, with Ethereum's gas fees dropping by 8% over the past week as of April 28, 2025, suggesting increased network efficiency and potential for higher transaction volumes (Source: Etherscan). For traders, this environment presents opportunities in swing trading Bitcoin and high-growth altcoins like Solana, especially as institutional inflows via ETFs continue to bolster market liquidity. However, caution is advised as sudden profit-taking by large holders, often tracked via whale wallet movements, could trigger short-term corrections. Data from Whale Alert shows a transfer of 5,000 BTC worth approximately $356 million from an unknown wallet to Binance at 7:45 AM UTC on April 29, 2025, which may indicate potential selling pressure (Source: Whale Alert, April 29, 2025).

From a technical analysis perspective, Bitcoin's moving averages provide critical insights into the sustainability of this rally. The 50-day moving average crossed above the 200-day moving average on April 27, 2025, at 11:00 PM UTC, forming a 'golden cross,' a historically bullish indicator (Source: TradingView, April 29, 2025). Additionally, Bitcoin's RSI stands at 68 as of 10:00 AM UTC on April 29, 2025, approaching overbought territory but still indicating room for upward movement before a potential reversal (Source: Binance Charts). Trading volume analysis across pairs like BTC/USDT on Binance shows a consistent uptick, with a 24-hour volume of $12.8 billion recorded at 9:00 AM UTC on April 29, 2025, up 15% from the previous day (Source: Binance). For Ethereum, the MACD indicator shows a bullish divergence as of 10:15 AM UTC on April 29, 2025, suggesting continued momentum (Source: TradingView). While direct AI-related token impacts are not evident in this specific ETF inflow event, the broader market sentiment influenced by institutional adoption could indirectly boost AI-crypto projects like Fetch.ai (FET), which saw a 4.5% price increase to $2.35 within the last 24 hours as of 9:30 AM UTC on April 29, 2025 (Source: CoinGecko). The correlation between AI-driven innovation and crypto market sentiment remains a space to watch, as institutional interest often spills over into emerging sectors. For now, traders should monitor key support levels for Bitcoin at $68,500 and Ethereum at $3,100, as any breach could signal a shift in momentum based on data recorded at 10:00 AM UTC on April 29, 2025 (Source: CoinMarketCap). This comprehensive analysis of price movements, volume data, and technical indicators provides actionable insights for navigating the current crypto market rally.

FAQ Section:
What are the key drivers behind the recent Bitcoin price surge as of April 29, 2025?
The primary driver behind Bitcoin's price surge to $71,250 as of 9:00 AM UTC on April 29, 2025, is the seven consecutive days of positive net capital inflows into cryptocurrency ETFs, led by institutional players like BlackRock and IBIT, with a reported inflow of $213 million on April 28, 2025 (Source: Santiment Insights, April 29, 2025).

How are altcoins like Ethereum and Solana performing during this rally?
Altcoins are also experiencing significant gains, with Ethereum trading at $3,280 after a 3.8% increase and Solana at $192 after a 6.1% rise within 24 hours as of 9:00 AM UTC on April 29, 2025, supported by increased trading volumes of 22% for SOL/USDT to $3.1 billion (Source: CoinGecko, CoinMarketCap, April 29, 2025).