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cryptocurrency news april 29 2025

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Cryptocurrency news april 29 2025

While cryptocurrency was not a central issue in the election, Poilievre was known for his support of Bitcoin and financial decentralization. His defeat could lead to a more cautious approach toward crypto regulation in Canada under Carney’s leadership in which sport did mike tyson compete. Carney has previously advocated for tighter regulation of digital assets, which may influence future policies affecting Canada’s crypto industry.

Ethereum (ETH): $1,821 Ethereum is holding steady above $1,800 and could benefit from renewed interest in Layer 2 scaling solutions. While ETH is likely to follow Bitcoin’s overall momentum, developments around DeFi and network upgrades could give it a boost.

This week looks pivotal. Crypto markets are building energy and are poised for a potential breakout — especially if Bitcoin cracks above $96,000 convincingly. However, with big gains already behind us for April, volatility could pick up. Traders and investors should stay nimble, watch ETF flows closely, and be ready for sharp moves in either direction.

latest cryptocurrency news april 2025

Latest cryptocurrency news april 2025

By the last week of April, Bitcoin had crossed the $94,000 mark. This growth was underpinned by technical resilience and strong buying momentum. The sharp rebound from April 9’s low of $74,657 to the high of $95,260 by the end of the month revealed the bullish pressure driving the market. Investors viewed the correction in early April as a buying opportunity, fueling the surge in price.

Following the dip, BNB began a steady recovery as investor sentiment improved. The rebound was supported by strong fundamentals within the Binance ecosystem. Activity on BNB Chain remained robust, particularly in decentralized finance (DeFi) and gaming applications. Notably, the trading volume on decentralized exchanges built on BNB Chain temporarily overtook competing networks like Solana, reaffirming the chain’s relevance in the decentralized application space.

The broader crypto market sentiment shifted from caution to cautious optimism, driven by capital inflows, new ETF proposals, institutional investments, and ecosystem developments, indicating a maturing market environment.

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By the last week of April, Bitcoin had crossed the $94,000 mark. This growth was underpinned by technical resilience and strong buying momentum. The sharp rebound from April 9’s low of $74,657 to the high of $95,260 by the end of the month revealed the bullish pressure driving the market. Investors viewed the correction in early April as a buying opportunity, fueling the surge in price.

Following the dip, BNB began a steady recovery as investor sentiment improved. The rebound was supported by strong fundamentals within the Binance ecosystem. Activity on BNB Chain remained robust, particularly in decentralized finance (DeFi) and gaming applications. Notably, the trading volume on decentralized exchanges built on BNB Chain temporarily overtook competing networks like Solana, reaffirming the chain’s relevance in the decentralized application space.

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Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.

Cardano produces its own wallet software that is available for download on its website, which allows you to store Cardano on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

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