The recent report from Goldman Sachs, as cited by The Kobeissi Letter on April 28, 2025, reveals a significant sell-off of US stocks by foreign investors, totaling $22 billion in April alone. This follows an even larger divestment of $41 billion in March, marking the highest monthly sell-off in at least a year (Source: The Kobeissi Letter Twitter post, April 28, 2025, 10:00 AM EST). High-frequency fund flow data indicates that European investors are the primary sellers, reflecting a cautious stance amid global economic uncertainties. This massive outflow from US equities has reverberated across financial markets, including cryptocurrencies, as risk-off sentiment often drives capital into alternative assets like Bitcoin (BTC) and Ethereum (ETH). On April 28, 2025, at 9:00 AM EST, BTC saw a price increase of 3.2%, moving from $67,500 to $69,660, while ETH rose by 2.8% from $3,200 to $3,290, as reported by CoinMarketCap data (Source: CoinMarketCap, April 28, 2025). Trading volumes for BTC/USD spiked by 18% within 24 hours, reaching $32.5 billion, and ETH/USD volumes increased by 15%, hitting $14.8 billion on major exchanges like Binance and Coinbase (Source: CoinGecko, April 28, 2025, 11:00 AM EST). This shift suggests that investors may be reallocating funds from traditional markets to crypto as a hedge against equity market volatility. Additionally, on-chain metrics from Glassnode show a 12% uptick in Bitcoin wallet addresses holding over 1 BTC as of April 27, 2025, at 8:00 PM EST, indicating accumulation by larger players (Source: Glassnode, April 28, 2025). For AI-related tokens like Render Token (RNDR) and Fetch.ai (FET), the impact is less direct but notable, with RNDR gaining 4.1% to $7.85 and FET rising 3.9% to $2.15 on April 28, 2025, at 10:30 AM EST, driven by broader market sentiment rather than specific AI news (Source: CoinMarketCap, April 28, 2025). This correlation highlights how macroeconomic trends can influence niche crypto sectors, even those tied to artificial intelligence.

Delving into the trading implications, the sell-off of US stocks by foreign investors signals a broader risk aversion that could continue to benefit cryptocurrencies as safe-haven assets. On April 28, 2025, at 12:00 PM EST, Bitcoin’s dominance ratio rose to 54.3%, up from 53.8% the previous day, reflecting increased investor preference for BTC over altcoins during uncertain times (Source: TradingView, April 28, 2025). For traders, this presents opportunities in BTC/USD and ETH/USD pairs, particularly with leveraged positions on platforms like Binance Futures, where open interest for BTC futures surged by 9% to $18.2 billion as of April 28, 2025, at 1:00 PM EST (Source: Coinalyze, April 28, 2025). However, caution is warranted as volatility remains high; the Crypto Fear & Greed Index dropped to 62 (Greed) from 68 on April 27, 2025, at 9:00 PM EST, suggesting a potential pullback if sentiment worsens (Source: Alternative.me, April 28, 2025). For AI-crypto crossover opportunities, tokens like RNDR and FET could see sustained interest if tech sector outflows from US stocks redirect to innovative blockchain projects. Although no specific AI development triggered this uptick, the growing narrative around AI-driven trading bots and analytics tools continues to bolster sentiment for these tokens. Trading volumes for RNDR/USD increased by 22% to $85 million, and FET/USD rose by 19% to $62 million on April 28, 2025, at 11:30 AM EST, indicating active market participation (Source: CoinGecko, April 28, 2025). Traders should monitor correlations between AI token performance and major crypto assets like BTC, currently showing a 0.82 correlation coefficient for RNDR/BTC as of April 28, 2025, at 2:00 PM EST (Source: CryptoCompare, April 28, 2025).

From a technical perspective, key indicators provide further insight into potential trading setups. As of April 28, 2025, at 3:00 PM EST, Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stands at 62, indicating room for further upside before overbought conditions at 70 (Source: TradingView, April 28, 2025). The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the signal line crossing above the MACD line at 10:00 AM EST on April 28, 2025, supporting a short-term uptrend (Source: Binance Charts, April 28, 2025). Ethereum mirrors this momentum, with an RSI of 59 and a bullish MACD crossover at 11:00 AM EST on the same day (Source: TradingView, April 28, 2025). Volume analysis confirms the strength of these moves; BTC spot trading volume on Coinbase reached $1.8 billion on April 28, 2025, between 9:00 AM and 12:00 PM EST, a 25% increase from the prior 24-hour average (Source: Coinbase Data, April 28, 2025). For AI tokens, RNDR’s RSI is slightly higher at 65, suggesting caution for overextension, while FET’s RSI at 61 indicates moderate bullishness as of April 28, 2025, at 2:30 PM EST (Source: TradingView, April 28, 2025). On-chain data from Santiment reveals a 15% increase in daily active addresses for RNDR, reaching 12,400 on April 27, 2025, at 8:00 PM EST, signaling growing user engagement (Source: Santiment, April 28, 2025). For traders eyeing AI-crypto correlations, the interplay between broader market risk sentiment and tech innovation narratives remains critical. Monitoring US equity fund flows alongside crypto market cap changes—currently up 2.5% to $2.4 trillion on April 28, 2025, at 4:00 PM EST (Source: CoinMarketCap, April 28, 2025)—will be key to identifying sustained trends. This analysis offers actionable insights for both short-term scalpers and long-term holders navigating these dynamic market conditions.

FAQ Section:
What is driving the recent surge in Bitcoin and Ethereum prices as of April 28, 2025?
The surge in Bitcoin and Ethereum prices on April 28, 2025, is largely driven by a risk-off sentiment in traditional markets, as foreign investors sold $22 billion of US stocks in April, following $41 billion in March, per Goldman Sachs data cited by The Kobeissi Letter at 10:00 AM EST (Source: The Kobeissi Letter Twitter, April 28, 2025). This has pushed BTC up 3.2% to $69,660 and ETH up 2.8% to $3,290 by 9:00 AM EST (Source: CoinMarketCap, April 28, 2025).

How are AI-related crypto tokens like RNDR and FET performing amid this market shift?
AI-related tokens like Render Token (RNDR) and Fetch.ai (FET) are seeing gains, with RNDR up 4.1% to $7.85 and FET up 3.9% to $2.15 as of April 28, 2025, at 10:30 AM EST, driven by broader crypto market sentiment rather than specific AI news (Source: CoinMarketCap, April 28, 2025). Trading volumes for RNDR/USD rose 22% to $85 million, indicating active interest (Source: CoinGecko, April 28, 2025).