Apr 25, 05:47 PM

Bitcoin Hits $95K on Fed Ending Crypto Mandate; SUI Leads Altcoins, MetaMask Gasless Swap Launches

Cryptocurrency markets experienced a notable rally amid easing trade tensions between the U.S. and China and the Federal Reserve ending its crypto-related banking mandate. Bitcoin surged to $95,000, marking a nearly 13% increase for the week and reaching 60-day highs with trading volumes up 26% to $40 billion. Ethereum and Solana also saw gains, with ETH rising 2% to $1,775 and SOL climbing 5% to $154. Layer 1 blockchain SUI led altcoins with a 23% jump to $3.68. MetaMask introduced a new “gasless” token swap feature, while PENGU token surged 40% following a $5 million purchase by Luca Netz. The CME Group made announcements related to the market, and Visa joined a stablecoin consortium. Additionally, Jack Mallers is set to lead a new Bitcoin treasury firm backed by Tether and Softbank, holding 42,000 BTC. Bitcoin ETFs attracted nearly $1 billion in inflows, outperforming Ether ETFs. Memecoins themed around $TRUMP and $MELANIA also saw a surge. Despite ongoing tariff concerns affecting U.S. ports, the crypto market's momentum remained strong, supported by positive developments and increased institutional interest.

#China #Federal Reserve #Bitcoin #Ethereum #Solana #ETH #SOL #SUI #MetaMask #Luca Netz #CME Group #Visa #Jack Mallers #Tether #Softbank #Ether #Memecoins

Written with ChatGPT (GPT-4).

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Bitcoin Hits $95K on Fed Ending Crypto Mandate; SUI Leads Altcoins, MetaMask Gasless Swap Launches

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