Bitcoin price has surpassed $87,700, with $88,800 being a key resistance level to reverse the market structure.
According to comprehensive market data shared by Gary Black, Trump's tariffs have raised the likelihood of a 2025 economic recession to 57%.
Bloomberg senior commodity strategist Mike McGlone believes that with the recent implementation of Trump's policies, investors are turning to safer assets like gold, and Bitcoin may continue to perform poorly.
Tether CEO stated that the number of global users of Tether stablecoin (USDT) has exceeded 450 million, with more than 30 million new users added each quarter, mainly driven by emerging markets.
21Shares released a report indicating that based on an analysis of historical trends and current market signals, Bitcoin could reach $138,555 by the end of 2025. However, Bitcoin could still pull back to around $77,000, but broader indicators suggest continued growth.
Panama City has announced that it will accept Bitcoin (BTC), Ethereum (ETH), USDC, and USDT for payment of taxes, public transport fees, and municipal services, provided that a fiat currency exchange channel is established. This move is seen as an important attempt by local governments worldwide to promote cryptocurrency payments.
U.S. Senator Cynthia Lummis suggested the government use gold certificates to purchase Bitcoin to reduce the scale of national debt, emphasizing that no new taxpayer funds are needed for support. This proposal has sparked discussions in the market about BTC as a 'strategic reserve asset.'
The Slovenian Ministry of Finance proposed a 25% income tax on profits from the disposal of personal crypto assets, filling the gap of previously untaxed transactions by individuals. The consultation period ends on May 5.
BlackRock has increased its Bitcoin holdings for three consecutive days, with its spot Bitcoin ETF's holdings surpassing 532,000 coins and a market value exceeding $45 billion, driving the institutional holding ratio to a new high.
The XBIT decentralized exchange processed over $9 billion in cross-chain assets in a single week, keeping slippage within 0.15%, and integrating liquidity pools from 12 public chains. The total trading volume of Web3 exchanges reached $523 billion in Q1 2025, surpassing that of centralized exchanges (CEX) for the first time.
PancakeSwap officially announced that CAKE tokenomics 3.0 is set to be implemented at 0:00 UTC on April 23, and veCAKE and Gauges Voting will be officially 'retired.' Additionally, according to Wu's reports, Raydium LaunchLab has created a total of 3.76k tokens since its launch on April 16.
According to Bitget, some users' suspected market manipulation behavior during this period triggered the platform's risk control system, and related accounts' trading, deposit, and withdrawal functions have been temporarily suspended.
The Bank for International Settlements published a paper indicating that the cryptocurrency market has 'reached a critical scale,' with the issuance of Bitcoin ETFs, expansion of stablecoins, and tokenization of real-world assets (RWA) changing its previously minimal connection with traditional finance (TradFi). It suggests further research on the role of DAOs in governance, how they affect financial stability, and how regulatory agencies can participate.
Summary: The overall trading volume of the cryptocurrency market has declined, but some altcoins are performing actively. The number of users of the stablecoin USDT continues to grow, indicating a demand for stablecoins in the market. In the capital markets, the risk of economic recession is rising, and Charles Schwab plans to launch spot cryptocurrency trading. Overall, the cryptocurrency market is moving forward amid volatility, with technological innovations and regulatory changes coexisting.
#币圈那点事 #web3 #加密资讯
