global cryptocurrency news

Global cryptocurrency news

As Utah moves forward, all eyes are on whether this bill will set a precedent for other states looking to put Bitcoin on their balance sheets.———–Author: Ross DavisSilicon Valley NewsroomGCP | Breaking Crypto News

According to industry analysts, cloud mining platforms like STGEnergy are gaining popularity as cryptocurrencies continue to mature as an asset class https://imaginesocialgood.org/. The company claims its platform features efficient computing power allocation, robust security measures, and transparent pricing structures.

Zhou insists that other Bybit wallets weren’t impacted. The platform is still processing withdrawals—99% of user requests have reportedly gone through without a hitch. Bybit is maintaining they have enough liquidity to honor customer withdrawals in full.

Latest news global cryptocurrency stock market april 28 2025

As reported in Cointelegraph Magazine, Ethereum advocates and developers have generally assumed that Ethereum will be the logical choice for firms exploring RWAs. Indeed, Fink said there’s “no question that the blockchain we would start our tokenization on would be Ethereum, and that’s not just a BlackRock thing. That’s the natural default answer.”

Crypto stocks in the United States also dropped recently. This happened because of global problems, including rising trade tensions. When Bitcoin falls, crypto-related stocks often go down too. Investors are being more careful right now.

🚀 Popping #CryptoNews past week: 🔹Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves. 🔹Sony Electronics Singapore accepts USDC payments. 🔹Fidelity introduces retirement accounts with minimal-fee crypto investing. 🔹7-Eleven South Korea to accept CBDC

While the recovery is promising, analysts caution about a potential correction. An excess of optimism in the market could lead to short-term drops, especially if Bitcoin surpasses $100,000 without strong institutional support.

Bitcoin is currently trading around $79,000 to $80,000. It went up after a big drop, showing how quickly the market changes. Some days ago, it fell nearly 5.5 percent, which was its lowest point of 2025, but it recovered fast.

global cryptocurrency market news april 2025

Global cryptocurrency market news april 2025

The cryptocurrency market’s volatility can be attributed to several factors. Bitcoin’s dominance increase suggests a flight to safety as investors possibly view it as a hedge against broader market uncertainty. Ethereum’s significant downturn, on the other hand, could be influenced by its reduced market dominance and possibly internal ecosystem challenges.

In a sharp contrast to the U.S.-China-driven fear, Mike Novogratz’s Galaxy Digital secured a derivatives trading license from the UK’s Financial Conduct Authority. The move signals confidence in long-term crypto adoption and offers Galaxy an expanded footprint in Europe.

The exact cause of this stagnation is hard to pinpoint. While Ethereum is clearly facing challenges, it would be wrong to say the project has stalled entirely. In fact, just days ago, Ethereum launched its most significant update since transitioning to Proof of Stake: the Pectra upgrade. We are now entering a radically new era of user interaction with Ethereum.

Even if the market hits a recession, the industry could still see large investments or acquisitions as VCs need to deploy capital regardless of macroeconomic trends. An economic slowdown would likely continue the trend of VC selectivity or shift focus to more resilient sectors like healthcare.