Bitcoin Price Soars to $67,450 Amid Surging Trading Volumes and Institutional Investment
April 28, 2025
Traders are encouraged to monitor price levels, volume trends, and on-chain metrics to refine their strategies in this bullish market environment.
The BTC/USD pair on Coinbase showed a consistent uptrend, achieving a 24-hour high of $68,100 and a low of $66,200, indicating strong buying pressure and opportunities for traders to enter long positions.
As of April 28, 2025, corporate adoption of Bitcoin has accelerated, with an additional 100,000 BTC added to corporate holdings in the past month, signaling growing institutional confidence in Bitcoin as a hedge against inflation.
Technically, Bitcoin's price has broken above the 50-day moving average of $65,800, a bullish signal for traders, with a relative strength index (RSI) of 62.5 suggesting potential for further price increases.
A notable 12% increase in Bitcoin addresses holding over 1,000 BTC was recorded from March 28 to April 28, 2025, confirming increased accumulation by large holders, commonly referred to as 'whales.'
The volatility index for Bitcoin dropped to 1.8% on April 27, 2025, indicating improved price stability, which correlates with increased corporate treasury allocations.
Trading volumes for BTC/ETH and BTC/USDC pairs also experienced increases of 15% and 22%, respectively, reflecting a diversified interest in the market beyond Bitcoin alone.
On April 28, 2025, Bitcoin's price reached $67,450 on Binance, reflecting a 3.2% increase over the past 24 hours, while trading volumes for the BTC/USDT pair hit $2.1 billion, indicating significant market activity.
Overall trading volume for Bitcoin surged to $38.7 billion on the same day, marking a 14% increase from the previous day and underscoring robust market engagement.
On-chain data revealed an 8% decline in net inflows to exchanges, suggesting that Bitcoin holders are increasingly opting to store their assets off-exchange, which typically indicates reduced selling pressure.
The widening of the Bollinger Bands hints at potential further price upside, with the upper band positioned at $69,200, suggesting continued bullish momentum.
Increased institutional interest in Bitcoin has been linked to activity in AI-related projects, such as Fetch.ai, which experienced a 5.3% price increase, reflecting broader market optimism.
Summary based on 1 source
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Blockchain.News • Apr 28, 2025
Global Corporate Bitcoin Adoption Surges: Over 100,000 BTC Added in One Month - Trading Insights | Flash News Detail