Today, April 8, 2025, the cryptocurrency market is going through a tough period, balancing between recovery and ongoing pressure. Here are the key events and trends shaping the situation right now.
1️⃣ Market Recovery after Volatility
After liquidations totaling over $1.35 billion last week, the market is starting to stabilize. Bitcoin (BTC) is trading around $79,500, gaining 2.5% in 24 hours. This may be related to hopes for a softening of the Fed's policies. However, investors remain cautious and are waiting for economic signals.
Sentiment - neutral-positive.
2️⃣ Ethereum and the implications of the update postponement
Ethereum (ETH) fell to $1,550, losing 1.3% in 24 hours after the news of the Pectra update being postponed to May 7. This has sparked a wave of discussions on X - some users are worried, while others consider it a normal correction.
Overall sentiment: mixed, with hope for growth after the update.
3️⃣ Activity of Major Players and Launch of New Projects
Binance expands its tokenized stock program, adding companies like NVIDIA. This has supported the rise of BNB to $625 (+3%)
Interest in new projects and activity - at a high level 🚀
4️⃣ Regulatory Shifts
From July 1, 2025, the EU will introduce strict rules for stablecoins: licenses and storage of reserves in European banks. USDT and USDC users are concerned.
Tether is considering the issuance of a new stablecoin for the US market.
The SEC is also discussing the term 'covered stablecoins,' which could lead to the emergence of new financial instruments.
Change and tightening of rules on the horizon.
5️⃣ Forecasts and Expectations
BTC: Range $78,000–$82,000. With good macroeconomic conditions - up to $85,000 by May.
ETH: Possible rise to $1,700 after the May update.
BNB: Potential up to $650 with support from interest in tokenized stocks.
Overall Market: Fear and Greed Index - around 30. This is the fear zone, but interest from holders remains.
Overall - the market is cautious but alive.
