Bitcoin has reacted positively to FED Chair Jerome Powell’s first speech since meeting with US President Donald Trump. This came despite Powell’s failure to comment on the US economic outlook amid so much market uncertainty due to Trump tariffs. Bitcoin Climbs Amid Powell’s Refusal To Comment On Economy CoinMarketCap data shows that the Bitcoin price is climbing as Powell failed to comment on the economy during his speech at the Federal Reserve Board’s International Finance Division Anniversary Conference. The flagship crypto held above the $104,000 level following the speech and is now looking to rally to the $105,000 level. Bitcoin had dropped to as low as $103,700 earlier in the day as traders held their nerves ahead of Powell’s speech. His speech comes following his first meeting with US President Donald Trump since the beginning of this administration earlier this year. The Federal Reserve revealed that Powell and Trump didn’t… Read More at Coingape.com
US Court Blocks Treasury Sanctions on Tornado Cash
U.S. federal court has permanently blocked the Treasury’s OFAC from reimposing sanctions on Tornado Cash. The ruling defends the legality of open-source crypto tools, setting a key precedent for future regulation. Meanwhile, Tornado Cash co-founder Roman Storm still faces charges, with his next hearing set for July 2025. On the ruling day, the DeFi Education Fund urged the White House to drop the case, citing risks to U.S. crypto innovation.
April 30, 2025 06:42:37 UTC
Telegram’s $500M Bonds to Be Tokenized on TON Network by Libre
Libre plans to tokenize $500 million of Telegram’s outstanding bonds as the Telegram Bond Fund (TBF) on the TON blockchain, offering institutional-grade yields to accredited investors. Backed by firms like Brevan Howard and Nomura’s Laser Digital, the fund aims to unlock utility by making bonds usable as collateral in DeFi. This move highlights the growing trend of tokenizing real-world assets (RWAs) to bridge traditional finance with blockchain ecosystems.
April 30, 2025 06:41:55 UTC
Crypto Price Today
Bitcoin edged closer to $96,000 for the first time in over two months, rising 1% on Tuesday, while broader crypto and stock markets also gained despite tariff-induced economic concerns. Bitcoin Cash led the crypto rally with a 6.3% surge. However, Bitwise’s Jeff Park warned the market may be ignoring deeper risks tied to U.S. creditworthiness and the long-term impact of dollar weaponization, calling current optimism “mispriced.”
Alex Thorn of Galaxy Digital warns that quantum computing poses a greater risk to Bitcoin than most realize. He says solutions are more difficult than expected and affect all cryptocurrencies using public key cryptography. Thorn cautions that a quantum attack could happen without warning and would be a national security issue. The concern isn’t limited to Bitcoin—every crypto is at risk from future quantum breakthroughs.
April 30, 2025 06:13:34 UTC
Bitcoin, Ethereum and XRP Price Today
Bitcoin is stabilizing around $95,000 and could rally toward $100,000 if it breaks key resistance. Ethereum is hovering near $1,800 and may target $2,000 with a breakout above $1,861. XRP is holding support at $2.20 and could climb to $3 if the momentum continues. All three show bullish signs, backed by healthy RSI levels, but failure to hold key supports could lead to short-term pullbacks.
The post Crypto News Today 30th April : Bitcoin Price , XRP ETF News , Pi Network News , Nvidia Share Price appeared first on Coinpedia Fintech News
April 30, 2025 06:48:36 UTC US Court Blocks Treasury Sanctions on Tornado Cash U.S. federal court has permanently blocked the Treasury’s OFAC from reimposing sanctions on Tornado Cash. The ruling defends the legality of open-source crypto tools, setting a key precedent for future regulation. Meanwhile, Tornado Cash co-founder Roman Storm still faces charges, with his …
The crypto market has been under bearish pressure because of President Trump’s tariff policy. The Federal Reserve Chair Jerome Powell has also sparked concerns after his recent remarks revealed that US inflation may also rise because of these tariffs. This article explores the top altcoins that crypto traders should sell as the economic climate flips bearish.
Fed Chair Warns Tariffs Will Fuel Inflation – Time to Sell Altcoins?
According to Powell, the ongoing tariff war will have a negative impact on inflation. Following these remarks, Reuters reported that experts are also expressing concerns about US economic growth. One expert noted,
“Powell is confirming what investors have been worried about, and that is the likelihood of slowing economic growth and more stubborn inflation as a result of the tariffs.”
Meanwhile, US President Donald Trump attributes the wrangles in the financial markets to Powell’s hawkish stance on inflation. In his recent post on Truth Social, Trump noted that other central banks were lowering their rates to stimulate economic growth.
Trump Truth Social
Despite the mounting concerns, data from CME FedWatchTool shows that 87% of investors believe that interest rates will remain the same next month after the FOMC meeting. If this happens, the crypto market faces volatility, hence the need for traders to seek the best altcoins to sell to minimize risks.
Top 3 Altcoins to Sell Now to Avoid Losses
The harsh macroeconomic situation is spooking crypto investors, and some are looking for the best altcoins to sell. The top altcoins to sell amid growing concerns are Mantra (OM), Pi Network (PI), and Trump (TRUMP)
Mantra (OM)
One of the top altcoins to sell to avoid losses is Mantra. This token recently recorded one of the worst crashes in crypto history, and it is now down by 92% from its all-time high recorded only two months ago.
Despite this dip, the RSI remains historically low at 27, which highlights a bearish momentum. At the same time, the ADX line is rising, which is a sign that the downtrend is gaining strength. This technical outlook supports a bearish Mantra price prediction.
OM/USDT: 1-day Chart
Pi Network (PI)
Pi Network (PI) is also another altcoin to sell due to upcoming token unlocks. On-chain data shows that over 10M PI Coin tokens will be added to the circulating supply in the next month.
PI Token Unlocks
According to an X post by analyst Dr Altcoin, these unlocks are the main reason that the Pi Coin price is falling. These events have led to the Pi Coin market being flooded by more sellers than buyers, which is having a bearish effect on the price.
TRUMP (TRUMP)
TRUMP is also one of the top altcoins to sell as traders remain concerned about inflation and tariffs. Data from Coinglass shows that TRUMP’s funding rates have been predominantly negative in the last month. This indicates that many traders are taking long positions, further showing bearish momentum.
TRUMP Funding Rates
Summary of Top Altcoins to Sell
The Federal Reserve Chair Jerome Powell has warned that US inflation may rise again due to tariffs. His remarks have drawn criticism but have also caused concerns in the crypto industry about a possible downtrend. If the market starts to drop, the top altcoins to sell are Mantra (OM), Pi Network (PI), and the TRUMP meme coin.
In an uptrend, Janover, a software company acquiring $4.6M Solana (SOL) would skyrocket prices. However, bear market dampens this bullish development, leaving Solana price to crash below $100 and retest $75, a level not tagged since December 2023.
Janover Purchases $4.6M Solana (SOL)
In a recent filing, Janover, a small US-based software company, announced the acquisition of Solana (SOL) to its treasury as part of its new strategy. This US institution follows MicroStartegy’s (Strategy) path as it raised $42M through a private offering of convertible notes.
As a result of this move, the company’s stock price soared more than 429% in the past four days. Solana price, however, didn’t budge and is likely due to the ongoing bearish outlook involving Trump’s tariff trade war, Bitcoin’s (BTC) bearish market structure and macroeconomic uncertainty.
Janover Stock Price Skyrockets 429% as it adds $4.6M SOL to its treasury.
Due to these conditions, the Solana price could see a further collapse.
Solana Price Analysis: SOL Collapse to $75 Likely
From the three-day chart, it is clear that Solana price has shattered the $126 key support level. SOL’s value hovers around $116 after a 2.13% drop today. This barrier provided demand since March 4, 2024, and prevented the token from collapsing. However, a March 29 sell-off flipped this support into a resistance level.
Subsequent attempts to overcome this level have failed, but the $100 psychological level is what’s preventing SOL price from collapsing lower. If the crypto market outlook does not improve or if Trump lifts the 90-day tariff pause, this $100 level will also flip into a resistance. In such a case, the next strong demand area is $74.94. After a consolidation here in December 2023, Solana price exploded nearly 78% in the next nine days.
Hence, a revisit of $75 is likely based on this Solana price prediction in the next few days, especially if the crypto market outlook continues to worsen.
SOL/USDT 3-day Chart
To conclude, sub-$100 Solana is not unlikely if the crypto market outlook remains the same. If Bitcoin catalyzes a bullish reversal, it could provide relief to altcoins, including SOL. In such a case, the price could push toward $126, flip it into a support floor, and allow it to catapult toward the $127 to $168 value area and its highest volume level at $142.
