Bitcoin Price Surge: Bitcoin crossed $88,000 on April 22, 2025, driven by global liquidity and renewed institutional interest, with experts noting bullish technical indicators. It reportedly hit $93,000 amid talks of a U.S. strategic Bitcoin reserve under President Trump. However, some analysts warn of a potential “crypto winter” in H2 2025 due to reduced venture capital funding and bearish market signals.
✅Regulatory Shifts: The U.S. SEC has scaled back crypto enforcement, dismissing lawsuits and pausing investigations, aligning with Trump’s deregulation push. Meanwhile, New York AG Letitia James urged Congress to strengthen crypto regulations, citing risks to financial stability and national security after the DOJ disbanded its crypto enforcement team.
✅Market Movements: Solana jumped 14.5% and Ethereum rose 8% as $347 million in crypto shorts were liquidated. XRP funds saw inflows despite $789 million in outflows from Bitcoin and Ethereum funds, partly due to Trump’s tariff policies. Mantra’s OM token crashed over 90% on April 13, exposing liquidity issues in the crypto market.
✅Industry Developments: Trump Media partnered with Crypto.com to launch ETFs via Truth.Fi, while Binance discussed loosening U.S. oversight and a potential deal with Trump’s World Liberty Financial. Cantor struck a $3.6 billion crypto venture with SoftBank and Tether. A new kids’ show will launch on a decentralized platform with a crypto wallet requirement.
✅Global Trends: Nigerian crypto firms secured $20 million in 2024 despite CBEX’s collapse, costing victims $800 million. The Bank for International Settlements warned that crypto’s growth could destabilize finance and widen wealth gaps, urging stronger regulation. Dutch bank ING is working on a stablecoin with crypto firms.