Here's a roundup of the latest crypto news based on the most recent developments as of April 11, 2025:
Bitcoin and the broader cryptocurrency market have faced significant volatility recently, largely influenced by macroeconomic factors. Bitcoin dropped to a 2025 low of around $74,000 before rebounding slightly, following President Donald Trump's announcement of sweeping tariffs that have raised fears of a global trade war and recession. This led to a sharp decline in U.S.-listed crypto stocks, with companies like Coinbase dropping 5% and Robinhood sliding as much as 14%. Despite Trump's earlier promises to make the U.S. the "crypto capital of the planet," the tariffs have jolted investor confidence, causing a broad retreat from risk assets, including cryptocurrencies.
On the regulatory front, the Trump administration has scaled back oversight, with the Justice Department disbanding its National Cryptocurrency Enforcement Team, established in 2021 to tackle major crypto-related crimes. Meanwhile, Hong Kong has issued new guidelines allowing licensed crypto platforms and funds to offer staking services, signaling a more progressive stance in the region. In contrast, Illinois is advancing a bill to tighten regulations on crypto businesses to combat fraud, which resulted in over $160 million in losses in 2023.
In terms of market moves, Ripple made headlines with a $1.25 billion acquisition of Hidden Road, a prime brokerage firm, aiming to bridge traditional finance and crypto by targeting institutional markets worth over $3 trillion. This move suggests Ripple is expanding beyond its payment-focused roots. Additionally, posts on speculation around Ripple and Cardano, with claims of a potential partnership or integration that could bring trillions into the crypto space, though these remain unverified rumors.
Despite the downturn, some analysts see a recovery on the horizon. Bitcoin has shown resilience compared to other assets, and experts predict a potential bottoming out by June, depending on tariff negotiations. Altcoins like XRP and others are also being watched for a possible rally if market sentiment stabilizes.
The crypto market is currently navigating a mix of uncertainty from global trade tensions and evolving regulatory landscapes, with both challenges and opportunities emerging as a result.
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