Bitcoin’s price surged past $95,000 on April 25, marking its highest level in seven weeks and extending a 12% weekly rally fueled by post-Easter momentum. On April 22, the cryptocurrency climbed 5.6% in just 24 hours, with a dramatic one-minute spike propelling it from $91,500 to $93,000—a move trader Michael Sullivan called the “craziest candle” he’s witnessed.
Analysts now see converging signals for a push toward $100,000, including a double-bottom pattern on the daily chart that projects a $100,600 target upon breaking the $87,643 resistance level.
Market dynamics further support this optimism: high-leverage positions could trigger a short squeeze, while rising profitability metrics reflect rebounding investor confidence. Derivatives activity and on-chain data also align with the bullish narrative, suggesting institutional and retail traders are positioning for further upside.
Here’s your essential guide to the market-moving developments that reshaped the crypto landscape this week—everything you can’t afford to miss in one power-packed snapshot.
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TOP CRYPTO NEWS RECAP (April 20–April 26, 2025)
- Senator Ossoff Backs Impeachment Over Trump’s Memecoin Dinner
- Nvidia Bars Crypto Startups from Inception Program
- Trump Media Partners with Crypto.com to Launch ‘Made in America’ ETFs
- WazirX Eyes Mid-May Restart Pending Singapore Court Approval
- Paul Atkins Sworn In as SEC Chair, Signaling Crypto-Friendly Shift
- Vitalik Buterin Proposes RISC-V to Boost Ethereum's Efficiency
Senator Ossoff Backs Impeachment Over Trump’s Memecoin Dinner
U.S. Senator Jon Ossoff has called for President Donald Trump’s impeachment, citing a planned private dinner for top holders of Trump’s memecoin as a serious conflict of interest. The April 25 announcement followed a website post revealing the President would meet the top 220 TRUMP token holders at his Washington, DC golf club. Ossoff claimed the event amounts to Trump "selling access" and said this behavior meets the threshold for impeachment. However, he noted such proceedings are unlikely without a Democratic majority in Congress.
Nvidia Bars Crypto Startups from Inception Program
Nvidia has officially excluded cryptocurrency startups from its Inception accelerator program, marking a notable shift from earlier practices. According to the program’s website, crypto firms are now ineligible alongside consulting firms, resellers, public companies, and cloud providers. Previously, Nvidia accepted blockchain projects like Ubex into the program. While no reason was given, the decision comes amid broader scrutiny of crypto’s role in tech. Nvidia, a key player in AI and semiconductor markets, continues to focus its resources on sectors aligned with its long-term vision.
Trump Media Partners with Crypto.com to Launch ‘Made in America’ ETFs
Trump Media and Technology Group has signed a binding agreement with Crypto.com and Yorkville America Digital to launch exchange-traded funds (ETFs) focused on American-made assets. Set to include both crypto and traditional securities, the ETFs will be offered through Trump Media’s Truth.Fi platform and Crypto.com’s broker-dealer, Foris Capital. Expected to launch in late 2025 pending regulatory approval, the initiative is part of a broader $250 million fintech strategy. Trump Media also plans to invest directly in the funds, marking another crypto-related venture tied to the Trump family.
WazirX Eyes Mid-May Restart Pending Singapore Court Approval
Indian crypto exchange WazirX, hacked for $234 million in July 2024, is set to resume operations pending a May 13 ruling from Singapore’s High Court. Parent company Zettai PTE Ltd plans to compensate affected users through a restructuring plan that involves recovery tokens, which could return up to 80% of the lost funds. Over 90% of creditors backed the plan in early March. If approved, WazirX could restart within 10 business days. Meanwhile, India’s Supreme Court dismissed a separate petition from users seeking legal action against the exchange.
Paul Atkins Sworn In as SEC Chair, Signaling Crypto-Friendly Shift
Paul Atkins has been sworn in as the 34th chairman of the U.S. Securities and Exchange Commission, following Senate confirmation on April 9. Nominated by President Trump, Atkins is expected to steer the SEC in a more crypto-friendly direction than his predecessor, Gary Gensler. His financial disclosures included up to $6 million in crypto-related investments. Under the SEC's new leadership, the agency has already dropped several crypto enforcement actions. It now faces decisions on over 70 crypto ETF applications, signaling a potential shift in U.S. crypto regulation.
Vitalik Buterin Proposes RISC-V to Boost Ethereum's Efficiency
Ethereum co-founder Vitalik Buterin has proposed replacing the Ethereum Virtual Machine (EVM) contract language with RISC-V, an open-source instruction set, to address scaling and efficiency challenges. In his April 20 blog post, Buterin argued that the shift could improve execution speeds and enhance zero-knowledge proof performance, potentially boosting efficiency by up to 100 times. The proposal comes as Ethereum struggles with low network activity, falling transaction fees, and growing competition from high-throughput chains like Solana. Buterin sees the change as a bold but necessary step to keep Ethereum competitive.
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