Analyst: Bitcoin's Next Key Resistance Level Is $97,530

On April 30th, based on HTX market data, Bitcoin dropped below $93,000 and is currently trading at $92,977, with a 24-hour loss expanded to 1.94%.

On April 30th: In the United States, the year-on-year rate of the March Core PCE Price Index was 2.6%, which was in line with the expected 2.60%. The previous value was revised from 2.80% to 3%. The year-on-year rate of the US March Core PCE Price Index hit a new low since June 2024. The month-on-month rate of the US March Core PCE Price Index recorded 0%, reaching a new low since April 2020 and being lower than the expected 0.1%. (FXStreet)

On April 30th, according to Arkham Monitoring, 50 minutes prior to this moment, Grayscale transferred 3,909 ETH to Coinbase Prime, with a total value of $6.95 million.

On April 30th, according to on-chain sleuth ZachXBT, the $330 million Bitcoin transfer event that previously led to a 50% surge in Monero (XMR) on April 28th has been verified to be a social engineering theft targeting an elderly individual in the United States. The attacker employed social engineering tactics to gain access to the victim's wallet and transferred 3520 BTC (worth $330.7 million). BlockBeats had previously reported that on April 28th, a suspicious transaction took place at an address, involving the transfer of 3520 Bitcoins (approximately $330.7 million). Subsequently, these funds were laundered through more than 6 instant trading platforms and converted into Monero (XMR), resulting in a 50% increase in the XMR price.

On April 30th, traders have fully factored in that the Fed will cut interest rates four times by the end of 2025, with each cut being 25 basis points. (Xinhua Finance)

On April 30th, the analyst Adam from Greek.live posted on social media and said, "The market is trading within a narrow range. Most traders think that Bitcoin has turned into a stablecoin and is fluctuating between $93,000 and $95,000. The community sentiment is generally bearish. They are waiting for the non-farm payroll data on May 2nd for possible volatility. Market volatility is on the decline. The recent price movement shows strength but with low trading volume. Some traders believe that the lack of liquidity is due to the manipulation by whales."