Crypto Market Today: Top Trends Driving BTC, ETH, XRP & DOGE Prices

Highlights

Eric Trump pushes Bitcoin as a solution to financial system flaws, boosting crypto market interest.
U.S. GDP contraction of 0.3% raises recession fears, prompting crypto interest as a safe-haven.
TOKEN2049 Dubai sees 15K+ attendees, highlighting the region’s crypto prominence.
XRP dips 4% after SEC delays ETF approval, while DOGE falls 3% amid similar ETF uncertainty.

The crypto market is seeing notable fluctuations as various factors influence the prices of major assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE). As of late April, new trends are emerging that have shifted the focus of traders and investors. These factors are affecting market sentiment and shaping expectations moving into May.

Donald Trump and Eric Trump Comments Impact

Accoding to Santiment, the discussions surrounding U.S. politics are having an impact on the crypto market, particularly with recent comments from President Donald Trump and his son, Eric Trump. Eric Trump recently emphasized the importance of cryptocurrencies, urging banks to adopt digital currencies or risk facing extinction.

He specifically pointed out Bitcoin as a solution to the current financial system’s flaws. His statements align with broader concerns over the financial infrastructure, and they have fueled conversations about the potential role of cryptocurrencies in the future.

President Donald Trump’s economic views, particularly his stance on tariffs, are also drawing attention. He has continued to advocate for high tariffs on foreign imports, a position that has led some to link his policies to broader economic challenges. However, the U.S. has taken the initiative to reach out to China through multiple channels in an attempt to open discussions regarding tariffs.

Investors have noted that his remarks about the stock market and the economy are often intertwined with his views on crypto. As a result, these political developments are contributing to ongoing market volatility, with some traders seeing them as signals of uncertainty that could influence both traditional and digital assets.

U.S. GDP and Economic Data Affecting Crypto Markets

Recent economic data have also influenced the development of the crypto market. The first quarter results showed that the GDP of the US went into the negative territory for the first time in the next three years with a contraction of 0.3%. This has led to fears of a recession in the United States and slow economic growth in the country. The negative figure in GDP has however influenced market sentiment and many investors have had to adjust their positions in their portfolios.

Furthermore, the continued inflationary pressure remains a topic of concern. The Personal Consumption Expenditure (PCE) index for March showed a year-over-year inflation rate of 2.3%, slightly above the Federal Reserve’s 2% target.

This has left investors uneasy especially with regard to the Federal Reserve policy meeting that is due on May 7. Since there are rumors of a possible recession, traders are managing their investment portfolios, and some of them are seeking haven in cryptocurrencies, especially Bitcoin since some consider the crypto as a safe-haven.

TOKEN2049 and Crypto Developments in Dubai

The TOKEN2049 event in Dubai has brought attention to the region’s growing role in the global crypto space. The conference has had more than fifteen thousand participants including the best leaders in the field of blockchain and cryptocurrency. At TOKEN2049, many concerns have been raised concerning the future of the crypto market with individuals sharing their opinions on what could be next in the market.

Dubai’s growing significance in the crypto world is also evident in developments like the Trump Tower Dubai accepting cryptocurrency payments for luxury apartments.

These movements point to the fact that digital currencies have gradually been adopted in the global system of finance. This event and similar news brought more attention towards the region and Middle East as the potential hub for cryptocurrency, and investors are paying great attention to such possibilities as they impact the market.

Bitcoin and Altcoin Market Movements

Bitcoin has seen a strong rally over the past week, rising to the $94,000 to $96,000 range, only to experience a pullback in the last 24 hours. As Bitcoin’s price began to stabilize, traders shifted their attention to altcoins, resulting in a market-wide surge of over 10% in the past week.

Despite Bitcoin’s dominant position in the crypto market, altcoins like XRP, Ethereum, and meme coins like Dogecoin have seen increased trading volume as investors search for higher-risk, higher-reward opportunities. Ethereum price has followed the BTC price trend with ETH trading at $1,800, a 0.3% dip with bulls holding on despite the turbulance in the crypto market.

At press time, XRP price was trading at $2.20, a 4% decline from the intra-day high of $2.30 boosted by the postponing of an XRP ETF approval decision by the US SEC. Dogecoin price, due to a similar reason of DOGE ETF postponing and has as a result witnessed a 3% decline to $0.1730.

Meme coins, in particular, have seen a spike in discussion and interest as their prices rise. This has been a characteristic pattern, as retail investors often turn to these assets during bull markets, driven by the potential for quick gains. However, many traders have been cautious, recalling the losses from the previous bear market cycle.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.