FameEX Morning Crypto News Recap | April 17, 2025
2025-04-16 23:12:05Fed Chair Powell Says Cryptocurrencies Are Gradually Gaining Mainstream Acceptance
Fed Chair Powell noted that cryptocurrencies are steadily gaining mainstream traction. He emphasized the Federal Reserve's collaboration with Congress to develop a regulatory framework for stablecoins, highlighting the importance of robust consumer protection measures.
Bitcoin Spot Whales Hold Off as Lending Market Waits for Revival
On April 16, Greeks.live macro analyst Adam observed that Bitcoin spot whales are staying on the sidelines. Despite sporadic high-interest orders in the green leaf lending market, overall sentiment remains cautious, signaling the need for continued patience among market participants.
Study Predicts Bitcoin Could Facilitate 10% of Global Trade Settlements
Matthew Sigel of VanEck highlights the decline of major fiat currencies in cross-border payments, driven by efforts to bypass U.S. sanctions and SWIFT-related risks. He projects Bitcoin will facilitate 10% of global trade settlements, encouraging central banks to allocate 2.5% of their reserves to Bitcoin for settlement purposes.
Bitcoin Could Be Entering a Prolonged Consolidation Phase
Markus Thielen of 10x Research warned that Bitcoin may enter a long-term consolidation phase, citing bearish on-chain signals and a late-cycle stochastic pattern. He expects Bitcoin to trade between $73,000 and $94,000, challenging widespread forecasts of new all-time highs before June despite optimism from analysts like Cory Klippsten.
Gold Funds Attract $80 Billion in 2025 While Bitcoin ETF Holdings Decline
Gold fund inflows reached a record $80 billion in 2025, while Bitcoin ETF assets declined from $106 billion to $92 billion. With a 22% year-to-date price surge and 52 record highs, gold reaffirmed its role as a global safe-haven asset.
Bitcoin Withdrawal of $467 Million Points to Continued Accumulation Trend
IntoTheBlock reported on April 16 that over $467 million in Bitcoin was withdrawn from exchanges, suggesting increased accumulation as investors shift holdings to long-term storage amid ongoing market uncertainty.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.