On April 18, 2025, a prominent voice in the crypto industry, Richard Teng, highlighted the transformative power of cryptocurrency in reducing transfer fees—especially for people in developing nations. In his social media post, Teng emphasized how digital assets are redefining the future of remittances and financial inclusion.
At a time when global economies are looking for efficient, low-cost solutions, Teng’s statement couldn’t have been more relevant. His comments not only sparked meaningful conversations but also created ripple effects in the cryptocurrency market.
Market Snapshot: April 18, 2025
As Teng’s post gained traction, leading cryptocurrencies showed signs of heightened activity:
- Bitcoin (BTC) traded at $64,200, marking a 2.5% uptick in the last 24 hours. Trading volume reached $28.3 billion.
- Ethereum (ETH) climbed to $3,150, with a 1.8% gain and a volume of $12.1 billion.
- Ripple (XRP), which is heavily used for cross-border payments, experienced a 3.5% increase in volume, trading at $0.60 with a $1.2 billion volume.
This market movement highlights the direct correlation between positive sentiment and increased trading activity following Teng’s announcement.
Why Reduced Transfer Fees Matter in Developing Nations
For numerous families in creating economies, cross-border settlements are a help. Conventional cash exchanges come with strong expenses and delays. In any case, cryptocurrencies empower speedier, cheaper, and more straightforward exchanges.
- Lower Expenses = Higher Profit:
Vagrant laborers sending cash domestic can presently keep more of their hard-earned pay. - Boost in Budgetary Consideration:
Those without get to to routine managing an account can execute utilizing portable phones and wallets fueled by blockchain. - Improved Economic Support: Regions reliant on remittances see an uptick in financial stability when fees are minimized.
According to the World Bank (April 15, 2025), the average global remittance fee remains around 6%, making Teng’s point about crypto’s impact even more critical.
Ripple Effect: Increased Crypto Adoption and Market Activity
The market’s immediate response to Teng’s message was enthusiastic. In particular, XRP—known for its utility in cross-border finance—benefited significantly:
- XRP trading volume rose to $1.3 billion, and its price ticked up to $0.61 (a 2% increase).
- Bitcoin’s trading volume spiked to $30.5 billion within an hour of the announcement.
- Ethereum saw a similar pattern, with volume jumping to $13.5 billion.
This strong reaction suggests that traders and investors viewed Teng’s statement as a bullish indicator, especially for utility-focused tokens.
BTC/USDT and ETH/USDT Trading Pairs Surge
Two of the most actively traded pairs—BTC/USDT and ETH/USDT—experienced noticeable upticks:
- BTC/USDT saw volume rise from $15 billion to $15.6 billion (+4%)
- ETH/USDT volume jumped from $7 billion to $7.2 billion (+3%)
These increases demonstrate the liquidity influx and renewed trader interest following policy- or sentiment-driven announcements.
Specialized Pointers Flag Bullish Force
Within the hours taking after the declaration, a few specialized pointers confirmed growing bullish energy within the crypto showcase:
- Bitcoin’s RSI (Relative Quality File) hit 68, nearing overbought domain, but showing solid buyer intrigued.
- Ethereum’s RSI climbed to 65, similarly suggesting a bullish trend.
- MACD (Moving Average Convergence Divergence) for Bitcoin revealed a bullish crossover—MACD line rising above the signal line.
- Volume profiles on TradingView showed high accumulation at upper price levels, signaling strong buying support.
These metrics gave traders confidence in continuing the upward trend, with many leveraging the spike in momentum for short-term gains.
On-Chain Data Confirms Rising Participation
Besides technical indicators, blockchain activity painted a clear picture of growing engagement:
- Bitcoin dynamic addresses hopped by 5%, from 800,000 to 840,000 clients (Blockchain.com).
- The normal BTC exchange esteem moreover rose by 3%, from $20,000 to $20,600, proposing that organization or high-net-worth speculators were effectively taking an interest.
- Bitcoin’s arrange hash rate expanded from 180 EH/s to 183.6 EH/s, exhibiting solid organize security and reliable mining intrigued.
These on-chain experiences are basic for speculators observing long-term selection patterns and organize development.
Fear & Greed Index Turns Positive
Speculator estimation could be a capable constrain within the crypto world. Concurring to Alternative.me’s Crypto Fear & Eagerness List, showcase assumption moved from “Neutral” to “Greed” in the blink of an eye after Teng’s declaration.
This opinion move shows expanded good faith and eagerness among dealers to enter or grow positions. It too reflects a conceivable alter in exchanging techniques, as clients take advantage of the increased instability and liquidity.
Why Altcoins Like XRP Are Gaining More Attention
With the spotlight on low-cost, efficient transfers, altcoins designed for such use cases are gaining more traction. Ripple (XRP), in particular, is optimized for fast and low-fee cross-border transactions, making it highly relevant in Teng’s context.
XRP’s utility and recent volume surge suggest that traders are now focusing not only on top-tier cryptocurrencies like Bitcoin and Ethereum but also on niche assets that solve real-world problems.
For more in-depth knowledge, read this article: Reduced Cryptocurrency Transfer Fees Empower Developing Economies
Trading Opportunities: Capitalizing on Market Trends
For traders, market liquidity is key. Here’s how they can take advantage:
- Execute larger trades with minimal slippage due to narrow bid-ask spreads.
- Scalp or swing trade during periods of high momentum, like post-announcement rallies.
- Diversify portfolios by adding utility tokens like XRP or stablecoins used in remittance ecosystems.
This new wave of enthusiasm offers a window for smart traders to align their strategies with growing real-world adoption.
Conclusion: Crypto as a Catalyst for Economic Change
Richard Teng’s April 18, 2025 post wasn’t fair another opinion—it was a capable update of cryptocurrency’s real-world potential. His accentuation on diminished exchange expenses reverberated profoundly, particularly in underserved districts where get to to reasonable monetary apparatuses is still a challenge.
The coming about showcase developments, expanded exchanging volumes, and bullish specialized signals appear how profoundly the crypto community is tuned into the broader suggestions of appropriation and advancement. Whether you are a dealer, investor, or advocate, the message is evident:
cryptocurrency isn’t fair a theoretical asset—it’s a money related help.
