Crypto News Today : XRP News, Crypto ETFs, Bitcoin Dominance, Paul Atkins

The Dow Jones Industrial Average is on track for its worst April performance since 1932, during the Great Depression, plunging 3,831 points, or 9.1%, so far this month. The dramatic drop signals deepening investor concerns amid mounting economic and geopolitical uncertainties. The historical comparison underscores the scale of the downturn, with analysts closely watching for signs of stabilization. If the decline continues, April 2025 could mark one of the most significant single-month losses in nearly a century.

Ethereum Foundation transferred 1,000 ETH, worth $1.58 million, to Kraken, likely to sell, sparking concerns over a potential price dip. Historically, EF sales have preceded sharp declines, and analysts warn this move could push ETH down to the $1,504 support level—or even lower if Bitcoin’s recent rally falters. ETH is currently trading at $1,582, up 0.25% today. Despite the recovery, technical analysis shows a downtrend with range-bound movement, suggesting that a volatile breakout may be on the horizon.

Bitcoin price has surged past $88,000, its highest level since late March. The rally came amid political tension after Donald Trump threatened to fire the Federal Reserve Chair, triggering a drop in the U.S. dollar. Over $97 million in Bitcoin short positions were liquidated, per CoinGlass. Investors shifted toward Bitcoin as a safe-haven asset, with optimism rising over U.S. trade developments involving Japan and China following recent tariff and negotiation updates.

Dogecoin faces renewed market scrutiny as Elon Musk prepares to exit his role at the Department of Government Efficiency (D.O.G.E.). The Tesla CEO’s departure, spurred by political setbacks and pressure from federal agencies, has triggered bearish speculation around DOGE’s price. Despite fears of a short-term dip due to Musk’s influence, analysts remain optimistic. Talking about numbers, Dogecoin price is currently at $0.1636, with a change of +1.06% in 24 hours.

Crypto prices today show mixed signals. The global market cap stands at $2.77 trillion, up 0.58%, while 24-hour trading volume surged 32.01% to $89.4 billion. While Bitcoin climbed 1.25% to $88,537.91, Ethereum and XRP slipped. Fear & Greed Index sits at 38, signaling fear. FARTCOIN leads top gainers with a 16.56% spike, followed by Kaspa and POL. On the flip side, FIL, ICP, and Aptos are the day’s biggest losers, each dropping over 6%.