Cryptocurrency Newsletter: April 22, 2025
The cryptocurrency market saw significant developments on April 22, 2025, as reported by leading global media. Charles Hoskinson’s bold prediction of Bitcoin reaching $250,000 by year-end, driven by U.S. stablecoin legislation and Federal Reserve rate cuts, fueled optimism, while Bloomberg noted crypto’s rally alongside gold, signaling investor confidence in alternative assets. Dogecoin’s “Dogeday” celebrations on April 20 highlighted anticipation for ETF approvals, with its $23.3 billion market cap underscoring its enduring popularity. Security concerns emerged with Bybit’s $1.4 billion hack, though 68.6% of funds remain traceable, and Bitget’s response to a 138% spike in VOXEL-USDT futures trading emphasized exchange vulnerabilities. THORChain facilitated a massive $1.21 billion Ethereum-to-Bitcoin conversion, reflecting the rise of cross-chain protocols, while XRP’s price stability at $2.12 sparked breakout speculation. Institutional interest persisted, with Forbes reporting sustained Bitcoin ETF inflows and The Motley Fool highlighting the $200 billion stablecoin sector’s growth, bolstered by Circle’s IPO filing. Finally, Yahoo Finance noted the advancing GENIUS Act, signaling regulatory shifts that could integrate crypto further into mainstream finance, though challenges like security and volatility remain.
Sources: The Motley Fool, Bloomberg, Cointelegraph, Forbes, Coinpedia, Yahoo Finance (via The New York Times).
1. Bitcoin Could Hit $250,000 by End of 2025, Says Charles Hoskinson
Charles Hoskinson, co-founder of Ethereum and Cardano, forecasts that Bitcoin could soar to $250,000 by the end of 2025, driven by increasing global adoption and favorable U.S. cryptocurrency legislation, particularly around stablecoins. He attributes this bullish outlook to anticipated Federal Reserve interest rate cuts, which could spark a speculative rally across the crypto market. The prediction underscores Bitcoin’s growing appeal as a store of value amid economic uncertainties.
Source: The Motley Fool
2. Crypto Markets Rally Alongside Gold
Bloomberg reports that cryptocurrencies, including Bitcoin, experienced broad gains, mirroring upward trends in gold and gold mining stocks, signaling a robust market environment. This rally reflects investor confidence in alternative assets amid global economic shifts, though specific price movements for individual coins were not detailed. The correlation with gold highlights crypto’s growing role as a hedge against inflation and market volatility.
Source: Bloomberg
3. Dogecoin Community Celebrates “Dogeday” Amid ETF Hype
On April 20, Dogecoin enthusiasts worldwide celebrated “Dogeday,” a community-driven event amplifying excitement around potential Dogecoin exchange-traded fund (ETF) approvals. Despite its origins as a satirical cryptocurrency, Dogecoin’s $23.3 billion market cap secures its position as the eighth-largest digital asset, fueled by a loyal fanbase and speculative interest. The anticipation of ETF deadlines underscores the memecoin’s surprising resilience and mainstream appeal.
Source: Cointelegraph
4. Bybit Hack: $1.4 Billion in Funds Traced
Bybit CEO Ben Zhou announced on April 21 that 68.6% of the $1.4 billion stolen in a recent hack remains traceable, offering hope for recovery, while 27.6% is untraceable, and 3.8% has been frozen. The incident has raised concerns about exchange security, prompting Bybit to enhance its protocols and collaborate with authorities to track the funds. This high-profile breach highlights the persistent risks in centralized crypto platforms amid growing trading volumes.
Source: Cointelegraph
5. Ethereum-to-Bitcoin Conversion via THORChain
THORChain facilitated the transfer of 432,748 ETH, valued at $1.21 billion, from Ethereum to Bitcoin, with $960 million converted into 10,003 BTC across 35,772 wallets. Approximately $17 million in ETH remains on the Ethereum blockchain, reflecting the scale of cross-chain activity. This significant movement underscores the growing popularity of decentralized protocols for seamless asset swaps in the crypto ecosystem.
Source: Cointelegraph
6. VOXEL-USDT Futures Spike Prompts Bitget Action
Bitget identified a 138% spike in VOXEL-USDT perpetual futures contracts on April 20, which it deemed abnormal and potentially manipulative, prompting swift action. The exchange is rolling back affected accounts within 24 hours to ensure market integrity and protect users. This incident highlights the challenges of regulating volatile crypto derivatives and the need for robust monitoring systems.
Source: Cointelegraph
7. Bitcoin ETF Inflows Signal Institutional Interest
Forbes reports sustained inflows into Bitcoin spot ETFs, which marked the most successful ETF launch in history in January 2024, reflecting strong institutional appetite. Despite Bitcoin’s 21% decline from its all-time high, these inflows bolster price stability and signal growing mainstream acceptance. The trend underscores the increasing integration of cryptocurrencies into traditional financial portfolios.
Source: Forbes
8. Stablecoin Growth Fuels Crypto Optimism
The Motley Fool highlights the 47% surge in the stablecoin market, now valued at $200 billion, as a key driver of optimism in the crypto sector. Circle, the issuer of USDC, has filed for a $4–5 billion IPO, potentially launching by June 2025, signaling confidence in stablecoin adoption. This growth reflects stablecoins’ critical role in facilitating transactions and bridging traditional finance with crypto markets.
Source: The Motley Fool
9. XRP Price Holds Support Amid Breakout Speculation
XRP is trading at $2.12, maintaining strong support at $1.21, with analysts anticipating a potential breakout to $2.22 based on Bollinger Bands signaling an imminent price shift. Despite Bitcoin facing resistance at $85,000, XRP’s resilience reflects growing investor confidence in its utility and Ripple’s ongoing developments. The market’s focus on XRP underscores its role as a key altcoin in cross-border payment solutions.
Source: Coinpedia
10. Crypto Regulation Looms as Stablecoin Bill Advances
Yahoo Finance reports that the GENIUS Act, a U.S. Senate bill aimed at easing stablecoin regulations, is gaining traction, supported by significant crypto industry lobbying during the 2024 election cycle. The legislation could streamline stablecoin operations, fostering innovation and adoption in the U.S. crypto market. This development signals a pivotal shift toward integrating digital assets into the mainstream financial system.
Source: Yahoo Finance (via The New York Times)
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