#xrpetf From April 21 to April 27, 2025, Bitcoin demonstrated significant growth, jumping in price by more than 10% during the week, according to TradingView data. The asset started last week at $85,000 and reached $95,750 by April 25.
During the weekend, the Bitcoin exchange rate faced a slight correction, and at the time of preparing this material, the cryptocurrency is trading around $94,100. The market capitalization of the asset is $1.87 trillion. Despite the significant presence of Strategy (formerly MicroStrategy) in the crypto market, its active Bitcoin purchases have minimal impact on the asset's price. This was stated by TD Cowen experts. According to analysts, on average, the company's purchases accounted for only 3.3% of the weekly trading volume of the first cryptocurrency.
Co-founder of BitMEX and investment director of the venture firm Maelstrom, Arthur Hayes, warned that Bitcoin may soon surpass the psychological mark of $100,000, and this could happen faster than investors expected. In his opinion, the catalyst for the new rally will be the launch of bond buybacks by the U.S. Treasury, which, according to Hayes, will provoke strong price growth for the leading cryptocurrency.
On April 22, 2025, American spot Bitcoin ETFs attracted $936.43 million, the largest amount since the inauguration of U.S. President Donald Trump. Ethereum-based funds recorded the largest inflow since early February, amounting to $38.74 million.
Tesla did not sell Bitcoin in Q1 2025, despite market turmoil. This is evident from the financial report published on April 22, 2025. According to official documentation, Tesla holds 9,720 BTC. As of March 31, 2025, this volume of the first cryptocurrency was valued at $951 million.
The National Securities and Stock Market Commission noted that the document amended tax provisions. The new version incorporates the Commission's proposals for exemption from personal income tax on mining and staking, as well as the introduction of a non-tax limit. Additionally, with the participation of the State Financial Monitoring, the working group refined the norms regarding financial monitoring of virtual asset transfers in accordance with the EU's Travel Rule requirements.
Separately, the Commission indicated that they disagree with some changes. This pertains to issues of automatic authorization for foreign CASPs and the selection of a regulator for the crypto asset market. The Commission insists that it should oversee the industry.#Write2Earn #BinanceSquare #news #NewsAboutCrypto $ETH