Ethereum on the Verge of Crash, $1,000 Calling?

Bitcoin price enters a mild 1% on Wednesday April 30, with institutional inflows on the rise, BTC now eyes the $2 trillion market cap milestone.

Bitcoin price breaches $95,000 amid $1B inflows into BlackRock’s Bitcoin ETF

Bitcoin (BTC) surged to a local high of $95,400 on Tuesday April 29, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded a historic $1 billion in daily net inflows. This marks the largest single-day inflow since the ETF’s January launch and reflects unprecedented demand from institutional investors.

According to data from Coingecko, BTC’s current market capitalization stands just under $1.9 trillion, with many analysts forecasting a breakout past the $2 trillion mark in Q2 if momentum persists.

The inflow into IBIT signals growing investor confidence in Bitcoin’s long-term role as a macro hedge and alternative asset.

Notably, Geoff Kendrick of Standard Chartered reiterated also his $120,000 BTC forecast by Q2 2025, citing expanding institutional adoption and macroeconomic fragility as key drivers. In the long term, he sees the $140,000 mark as attainable if liquidity conditions improve.

BlackRock’s outsized role in institutional onboarding has helped BTC become a core portfolio component across global asset managers. As fund inflows build, market watchers expect more upward pressure on prices heading into the summer.

BTC institutional demand coincides with weak labor data

The crypto market’s bullish tilt aligns with deteriorating macro indicators that could open the door for a potential Fed rate cut. On April 29, the U.S. Labor Department reported that March job openings fell to 7.2 million—well below the expected 7.5 million. This marks one of the lowest readings since 2021.

Simultaneously, the Conference Board’s consumer confidence index dropped for the fifth straight month, hitting its lowest level since January 2021. Historically, such weak US labor data often triggers Fed to intervene with expansionary monetary policies, which tend to favor risk-on assets like Bitcoin.

This pattern could repeat the increased money supply could propel Bitcoin price towards $120,000 as Standard Chartered analyst Geoff Kendrick predicts.

Looking ahead: What’s next for Bitcoin price in Q2 2025

BlackRock’s $1 billion IBIT inflow on Monday may be the clearest signal yet that Bitcoin is maturing into a global institutional asset.

Coupled with weakening U.S. macro data, BTC price could be on the verge a breakout towards the $2 trillion market cap milestone.

With BTC price already trading above $94,000, it needs only a modest 5–6% push to reach the $2 trillion market cap milestone.

Should corporate invest continue pouring capital into Bitcoin ETFs in anticipation of dovish Fed, Bitcoin price is likely to cross the $2 trillion market cap in the coming weeks.

While regulatory risks, and trade policy shocks still remain active, the unusual corporate inflows suggest’s Bitcoin next all-time high breakout could already be underway.

Bitcoin Price Forecast Today: BTC Eyes $98,500 as Corporate Demand Surges

Bitcoin price is consolidating near $94,200 at press time after testing weekly highs at $95,500 following BlackRock’s $1 billion ETF inflow.

Technical indicators on the Bitcoin price forecast shows the upper Bollinger Band at $98,554, acting as short-term resistance.

With BTC price holding well above the midline ($88,979), it reinforces a bullish narrative.

Beyond that, the Relative Strength Index (RSI) at 65.59 suggests bullish momentum without veering into overbought territory, giving BTC room to push higher. A

decisive close above $95,000 could propel price toward $98,500 in the coming sessions, particularly if institutional inflows persist. Conversely, a break below the midline of the Bollinger Band could open a reversion toward $79,400, the lower band.

The post How BlackRock’s $1 Billion Bitcoin Investment Could Propel BTC Toward a $2 Trillion Market Cap appeared first on CoinGape.

Pi Network has been a part of active discussion in the crypto community even before its token launch and price rallies. However, the attention escalated with the launch, as investors and traders eyed it as the potential coin due to its hype, major exchange listing, and deflationary activities. With the conjunction of hype and bullish factors, investors anticipate Pi Coin price hitting $10, especially as the Elon Musk parody account promotes the token with a significant giveaway. Is a $10 target possible? Let’s discuss this.

Pi Network Price Surge 15% With Building Bullish Momentum

Pi Coin is among the most bullish tokens due to the broader crypto market recovery past the US CPI data release. The Pi Network price has surged to a many days’ high of $1.78 earlier in the day, booming more than 15%.

As it currently stands at $1.70, following an uptrend, the target of $2.98 (ATH) seems achievable, especially with the rising trading volume and open interest data. According to CoinmarketCap, the 24-hour trading volume has surged 131.39% to $961M, showing building investor confidence amidst the Pi Day uptrend.

Why is the Pi Network Price Surging Today?

The Pi Day or the KYC deadline and Mainnet Migration is set for March 14, 2025, which has created a sense of urgency among investors, resulting in high network activity. This is because investors with unverified KYC would lose all their holdings. In addition, there is intense speculation that the popular cryptocurrency exchange, Binance, will list the Pi Network coin, fueling its price.

Last but not least, there is strong market participation due to its performance and growing utility. It has an active user base of 65M and over 100 decentralized apps, breaking key resistance levels. With that, analysts predict potential rallies to $5 and $10 higher in the coming weeks. Interestingly, the crypto influencer promotions and support are also fueling this rally.

Can Pi Coin Price Reach $10 Amid Parody Elon Musk Account’s Giveaway?

The famous parody Elon Musk account also supports the Pi Coin and did not step back from benefitting from this token’s hype. In the recent X post, the account holder has announced to send $500 in PI to 20 people who will like the post and follow the account, building engagement among the community.

A screenshot of the portfolio shows that the person holds 2134877 PI, equivalent to $3.6M. More importantly, it displayed that the person has nearly 100% returns on the Pi Coin token, boosting investor confidence higher.

However, as the token has not had a rally close to $10, various bullish factors must be supported for this to happen. If Pi Network price continues to break resistance and maintain a high trading volume, it can get to new highs.

In addition, the exchange listing and increased adoption could introduce additional bullishness. However, the token unlocks and allegations of scams could introduce selling pressure.

Technical Analysis: Is a $10 Rally Really Possible?

Various crypto analysts have presented Pi Network price predictions and strong trust in the token for a bullish uptrend. One with the Twitter handle Crypto King claims that the Pi Coin could break its ATHs if it follows a certain price structure. On a long-term goal, the individual claims the token can achieve $10. However, the team must have actual utility as, without that, it could fall to a low of $1.

I can be wrong, and I don’t own any $PI, but looking at the price movements, if $PI pulls this chart, it’s breaking ATH. Honestly, it would takes years to do that only if Pi Core Team is legit adding some utility. If not, $PI will head straight to sub 1$.

Another analyst, Coinvo, has a similar take based on the Fibonacci retracement zone. According to him, PI is at the key zone, which often signals a strong bounce. With that, he predicted a parabolic move upward, but this target is also for the long term and fueled by the exchange listings, utility, and other bullish factors.

It looks like $PI is ready to go parabolic from this Fibonacci zone!

As a result, the Pi Network price rising to $10 in the short term is highly unlikely, even with a parody Elon Musk endorsement. However, a catalyst like a Crypto Reserve formation or bull rally can make this happen in the most optimistic scenario.

The post Can Pi Network Price Hit $10 as Parody Elon Musk Account Shills Pi Coin Giveaway? appeared first on CoinGape.