Breaking Crypto News - April 27, 2025

U.S. Establishes Strategic Bitcoin

Reserve

President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve, aiming to position the United States as the "crypto capital of the world." This reserve will be funded by forfeited bitcoins held by the federal government, estimated at around 200,000 BTC. The move has sparked discussions globally, with some states considering similar initiatives.

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Bitcoin Price Update

Bitcoin is currently trading at $94,049, experiencing a slight decrease of 0.36% over the past 24 hours.

Market Highlights

Ethereum (ETH): $1,809.47 (-0.01%)

BNB: $600.50 (-0.70%)

XRP: $2.18 (-1.80%)

Cardano (ADA): $0.699 (-2.98%)

Analyst Insights

Analysts from Canaccord Genuity predict a potential Bitcoin rally before April 2025, citing historical post-halving trends as a significant factor.

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Global Developments

Brazil has launched the world's first spot XRP ETF on the B3 exchange, marking a significant milestone for Ripple and XRP investors.