As of April 30, the global cryptocurrency market witnessed a notable uptick, with the total market capitalization rising to $2.97 trillion, reflecting growing investor confidence and renewed momentum across major digital assets.
Bitcoin holds above $94K, TRUMP Token drops 9%, Global Crypto Market Cap slips to $2.97 trillion
Bitcoin (BTC), the world’s first and most valuable cryptocurrency, remained resilient in early Wednesday trading, consistently holding above the $94,000 mark a sign of continued investor confidence amid ongoing market volatility. Major altcoins such as Ethereum (ETH) and Solana (SOL) mirrored Bitcoin’s steady trend, showing minimal price movement and maintaining key support levels.
In contrast, the TRUMP token emerged as the biggest underperformer of the day, plunging nearly 9 percent within 24 hours, potentially triggered by profit-taking or shifting sentiment among holders. Despite such fluctuations, the broader crypto market remained relatively stable. At the time of writing, the total global cryptocurrency market capitalization stood at $2.97 trillion, reflecting a slight 0.12 percent decline over the previous day—a dip considered marginal in the context of recent bullish momentum. This steady capitalization suggests that while some tokens face short-term corrections, the overall market outlook remains cautiously optimistic.
Cryptocurrency prices today April 30, 2025
The global cryptocurrency market remained relatively steady on April 30, 2025, with leading assets like Bitcoin and Ethereum showing modest gains. Bitcoin (BTC) continued to trade confidently above the $94,000 mark, clocking a 0.53% increase over the past 24 hours, while Ethereum (ETH) followed suit with a 1.04% rise to $1,812.69. Other major tokens like Litecoin (LTC) and Solana (SOL) also posted slight gains, reflecting ongoing investor optimism in blue-chip cryptocurrencies. In contrast, Dogecoin (DOGE) and Ripple (XRP) faced minor pullbacks, each declining by over 1% within the same timeframe.
On Indian exchanges, these tokens mirrored global trends, with BTC trading around ₹80.32 lakh and ETH at ₹1.53 lakh, showcasing continued strong demand in local markets.
However, not all cryptocurrencies enjoyed positive momentum. The standout loser of the day was the TRUMP token, which saw a sharp 8.72% decline over 24 hours, dropping to $13.11. Its volatility underscores the unpredictable nature of politically-themed tokens, which are often driven by sentiment rather than fundamentals.
Overall, despite mixed individual performances, the global crypto market cap held firm at $2.97 trillion, slipping just 0.12% from the previous day. This slight dip suggests a market that is consolidating after recent gains, with investors closely watching key economic indicators and upcoming crypto-related regulatory developments across major economies.
What Crypto Exchanges are saying about today’s market trends
Edul Patel, CEO and Co-founder of Mudrex, commented that Bitcoin remains in a consolidation phase, currently hovering around $94,600. He noted that recent macroeconomic data such as a drop in U.S. consumer confidence to 86.0 (its lowest since May 2020) and a fall in job openings to 7.19 million suggests a cooling U.S. economy.
These indicators may lead to potential economic stimulus, which historically boosts risk-on assets like cryptocurrencies. In addition, strong inflows into Bitcoin spot ETFs, particularly BlackRock’s recent $970 million BTC purchase, have helped stabilize prices. Patel added that Bitcoin is currently facing resistance at $96,700, while support has shifted higher to $94,000.
CoinSwitch Markets Desk echoed the sentiment of uncertainty, noting that Bitcoin continues to consolidate between $93,000 and $95,500, as investors await key U.S. economic reports on inflation, manufacturing, and employment. They highlighted that $95,500 remains a key resistance level, with $185.57 million liquidated across 104,379 traders in the last 24 hours, including $35.96 million in BTC and $31.50 million in ETH. In a noteworthy development, the Trump Organization announced it will accept cryptocurrency payments for luxury condos in its upcoming $1 billion Trump Tower Dubai project, signaling growing mainstream adoption.
Avinash Shekhar, Co-founder & CEO of Pi42, pointed out a bullish setup for Dogecoin, citing a falling wedge formation that may lead to an upward breakout. He also remains optimistic about Bitcoin, suggesting it could rally to $98,300, buoyed by positive trade news and continued strength above its 200-day moving average, which indicates strong long-term investor confidence.
Shivam Thakral, CEO of BuyUcoin, added that the overall digital asset market is gaining positive momentum, supported by improving global economic conditions. He mentioned that the easing of trade tensions, including a recent U.S. trade deal with India, has helped drive Bitcoin above $95,000. Thakral believes that if this momentum continues, Bitcoin could breach the $100,000 mark in the coming weeks. He also pointed to an upcoming critical U.S. economic report on Wednesday, which could offer clearer insights into market direction.
BlackRock plans to Tokenize its $150 Billion treasury fund, according to SEC filing
BlackRock move to Tokenize $150 Billion treasury fund, signaling broader Blockchain intergration
BlackRock is preparing to integrate blockchain technology into the operational backbone of one of its largest funds, taking a significant step toward modernizing traditional finance infrastructure. In a recent SEC filing, the asset management giant revealed plans to launch a new digital share class of its $150 billion Treasury Trust money market fund, in collaboration with BNY Mellon, the fund’s exclusive distributor.
The initiative will introduce “DLT Shares”, which leverage Distributed Ledger Technology to maintain and mirror ownership records on a blockchain platform. While these shares will not directly hold cryptocurrencies, their implementation represents an incremental but meaningful move toward the tokenization of real-world financial instruments.
BNY Mellon’s use of blockchain will streamline back-office operations, enhance transparency, and potentially reduce settlement times laying the groundwork for broader adoption of tokenized cash, digital securities, and blockchain-based settlement systems across traditional financial markets.
This development aligns with a growing industry trend. Over the past few years, several major institutions have begun experimenting with blockchain to create on-chain representations of real-world assets (RWAs) bringing the centralized finance (CeFi) world closer to decentralized finance (DeFi).
Just hours before BlackRock’s announcement, blockchain startup Libre disclosed it was tokenizing $500 million worth of Telegram’s $2.4 billion corporate debt, bringing it to the TON blockchain, highlighting increasing institutional interest in asset tokenization.
The BlackRock Liquidity Treasury Trust Fund, part of the firm’s broader Liquidity Funds suite, managed over $150 billion in assets as of April 29. The new DLT share class is designed for institutional investors, with a minimum initial investment of $3 million, though there are no restrictions on subsequent purchases. While the SEC filing remains preliminary and subject to regulatory approval, it demonstrates BlackRock’s continued leadership in pushing blockchain adoption within legacy finance.
This isn’t BlackRock’s first venture into tokenized finance. The firm previously launched the BUIDL fund, a blockchain-native initiative developed in partnership with Securitize, which now manages over $1.7 billion in assets and recently expanded to the Solana blockchain, further showcasing its commitment to innovation.
BlackRock CEO Larry Fink has been a vocal advocate for the transformative potential of blockchain and tokenization. In his 2025 annual letter to shareholders, Fink emphasized that the U.S. risks losing its global financial leadership if it fails to address its mounting debt a vulnerability that could accelerate the adoption of digital assets like Bitcoin (BTC).
“If the U.S. doesn’t get its debt under control,” Fink warned, “America risks losing its reserve currency status to digital alternatives like Bitcoin. Decentralized finance is an extraordinary innovation—it makes markets faster, cheaper, and more transparent. Yet that same innovation, if not embraced, could ultimately erode the economic advantage the U.S. has long enjoyed.”
BlackRock’s latest filing reflects a broader strategic vision one in which blockchain is not just a fringe technology, but a central component of financial infrastructure in the years ahead.
U.S. SEC greenlights XRP futures ETFs launch on April 30: key details and how to invest
The U.S. SEC has given the green light for ProShares to launch XRP Futures ETFs on April 30. Here’s everything you need to know about XRP, its creator Ripple, how these futures ETFs will operate, and other key details.
When were the XRP futures ETFs first proposed?
The proposal for XRP Futures ETFs was submitted by ProShares on January 17, 2025, shortly after the election of U.S. President Donald Trump, whose administration is widely viewed as more supportive of the crypto industry, according to a report by CryptoSlate. ProShares, which already manages several Bitcoin ETFs, proposed the creation of three XRP-linked futures ETFs: the Ultra XRP ETF (offering 2x leverage), the Short XRP ETF (with -1x inverse exposure), and the Ultra Short XRP ETF (with -2x inverse exposure).
These ETFs are designed to track the price of XRP using the XRP Index, providing both leveraged and inverse trading options for institutional and retail investors alike.
Are These the First ETFs Tied to XRP?
The XRP Futures ETFs launched by ProShares are not the first of their kind. Teucrium’s XRP Futures ETFs began trading on the New York Stock Exchange on April 8, marking an early step toward mainstream adoption of XRP-focused financial instruments in the U.S. market. Meanwhile, ProShares is also pursuing approval for a Spot XRP ETF, which is currently under review by the U.S. Securities and Exchange Commission (SEC). In a parallel development, Hashdex recently gained regulatory approval in Brazil to launch the world’s first spot XRP ETF, underscoring growing global appetite for XRP-based investment products.
In addition, CME Group, one of the world’s largest derivatives exchanges, is set to launch XRP futures contracts on May 19, aiming to meet rising institutional demand for exposure to alternative digital assets beyond Bitcoin and Ethereum. According to a Reuters report, CME sees this as a strategic expansion to capture interest in altcoins amid evolving investor preferences.
Beyond XRP, the crypto ETF landscape already includes products linked to leading tokens such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The increasing inclusion of XRP in both spot and futures-based ETFs signals a maturing market, as traditional finance institutions deepen their engagement with a wider range of digital assets.
What Are Futures ETFs and How Do They Work?
Futures-based ETFs provide investors with exposure to the price movements of an underlying asset in this case, XRP without requiring them to directly hold the token. Instead of tracking the spot market, these ETFs are linked to XRP futures contracts, allowing investors to speculate on the token’s future price movements. This enables both long and short positions, meaning users can bet on either the rise or fall of XRP’s value. For many investors, especially institutions, futures ETFs offer a more accessible and regulated means of engaging with crypto markets while avoiding the technical complexities and custody risks of holding actual digital assets.
Unlike spot ETFs, which reflect the real-time price of the token itself, futures ETFs trade on expectations and contract settlements, often introducing opportunities for leverage and risk management strategies. For instance, ProShares’ proposed XRP ETFs include products with 2x leverage and inverse exposure, enabling sophisticated traders to amplify gains or hedge losses based on their market outlook.
Why Is This a Milestone for XRP and the Crypto Market?
The introduction of XRP Futures ETFs marks a pivotal moment in the token’s journey toward mainstream financial acceptance. These ETFs provide a regulated pathway for investors particularly institutional players to gain exposure to XRP without having to engage with unregulated crypto exchanges or navigate complex wallet systems.
According to a Reuters report, the rollout of such ETF products has already sparked increased institutional interest in altcoins like Solana (SOL) and XRP, suggesting that broader access through traditional financial channels may significantly boost demand. This aligns with a broader trend in the crypto market where regulated, exchange-listed products are opening the door to more conservative or risk-averse investors who had previously stayed on the sidelines.
Following the ETF developments, XRP’s market performance reflected renewed investor optimism. On April 28, XRP surged by over 6.35%, reaching $2.28 in early trading, according to data from CoinMarketCap. Its market capitalization climbed to $131.06 billion, up 2.67% over the previous day, while its 24-hour trading volume skyrocketed by 53.58% to reach $3.92 billion highlighting a sharp uptick in market activity and liquidity.
As the regulatory environment around crypto continues to evolve, these developments could pave the way for further institutional-grade investment vehicles, positioning XRP as a leading contender in the next wave of crypto-financial innovation.
Notably, while the rest of the top 10 on CoinMarketCap, including Bitcoin, are in the red today, XRP is the sole green. At time of writing, Bitcoin price today is at $93,081.91, down 1.79 per cent over the previous day, with market cap of $1.84 trillion and volume of $17 billion.
