Bitcoin, Ethereum, XRP, Dogecoin Slide Into Red As Q1 GDP Slides Into Contraction
Posted On April 30, 2025
Cryptocurrency markets turned red on Wednesday as rising recession fears in the U.S. weighed on risk assets.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $94,087.28 | -1.4% |
| Ethereum (CRYPTO: ETH) | $1,786.44 | -2.1% |
| Solana (CRYPTO: SOL) | $145.61 | -2.8% |
| XRP (CRYPTO: XRP) | $2.18 | -4.7% |
| Dogecoin (CRYPTO: DOGE) | $0.1714 | -4.2% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001320 | -3.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 3.5% and daily active addresses falling by 10.1%. Transactions greater than $100,000 are down from 10,589 to 10,199 in a single day. Exchanges netflows are down by 407.8%.
- Coinglass data reports 162,816 traders were liquidated in the past 24 hours for $380.67 million.
- Crypto chart analyst Ali Martinez noted that capital inflows into the crypto market spiked from $1.5 billion to $15 billion in ten days.
- In another X post, Martinez highlighted the Bitcoin Accumulation Trend Score being close to 1, implying larger entities, or a significant portion of the network, actively accumulating.
Notable Developments:
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