[April 24: CRYPTO MARKET UPDATE-2]

• The Most Published News
Trump Meme Coin $TRUMP is launching a promotion where former President Trump will have dinner with the first 220 token holders. Senator Chris Murphy of Connecticut criticized the initiative on X, describing it as an unprecedented act of corruption. The controversy underscores the ethical and reputational risks tied to politically flavored meme coins.

• Current Market Trends
After a recent strong rally, major cryptocurrencies, including $BTC, $ETH, and $XRP, pulled back slightly amid profit-taking, with $DOGE leading losses. Bitcoin remains near $93,000.00, reflecting both volatility and resilience. Meanwhile, large inflows into Bitcoin ETFs continue, signaling growing investor demand and reinforcing Bitcoin’s status as a trusted safe-haven asset during uncertain market conditions.

• Regulations and Policies
The New Hampshire Senate committee advanced legislation allowing the state to invest up to 5% of public funds in Bitcoin, moving closer to becoming one of the first U.S. states to hold $BTC as a reserve asset. Meanwhile, Russia announced plans to launch a national crypto exchange limited to high net-worth investors, aiming to regulate digital asset trading within a controlled framework and restrict domestic crypto payments.

• Technology and Innovation
Ethereum’s upcoming Pectra upgrade promises key improvements for validators, including increased effective balances and enhanced staking efficiency. These changes benefit both small and large stakers by streamlining withdrawal processes and reducing network bandwidth needs, contributing to Ethereum’s ongoing staking ecosystem optimization.

• Institutional Investor News
Jack Mallers, Strike founder, has been appointed CEO of Twenty One Capital, a new Bitcoin-focused investment firm majority-owned by Tether and backed by global institutions like SoftBank. The firm holds a treasury of over 42,000 $BTC (~$3.6 billion) and plans to go public via a SPAC, signaling growing institutional commitment to large-scale Bitcoin holdings. Additionally, a whale/institutional investor recently moved $138.83 million in $BTC to Binance, indicative of active large-scale market movements.

• Market Forecasts and Expert Opinions
BitMEX founder @CryptoHayes (Arthur Hayes) identifies a local bottom for Bitcoin near $74,500.00 and forecasts a bullish rally driven by imminent Fed liquidity, targeting a peak below $200,000.00 before a possible rotation into altcoins. Analysts also note that going forward, Bitcoin’s price dynamics may rely less on halving cycles and more on macroeconomic factors and traditional market cycles as supply constraints tighten by 2028.

• Conclusion
Bitcoin’s impressive price surge and growing institutional support continue to reshape its narrative as a strategic hedge against global macro risks. While profit-taking has introduced short-term volatility across major cryptocurrencies, ongoing regulatory advances—such as New Hampshire’s Bitcoin reserve bill—and technological enhancements, especially in Ethereum staking, reinforce positive structural trends. Investors should monitor macroeconomic signals and institutional movements closely, balancing opportunities from Bitcoin’s potential rally with the normal corrective phases seen in profit-taking. Maintaining a diversified approach may help mitigate volatility while capitalizing on Bitcoin’s evolving safe-haven appeal.

Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below.
https://t.co/zokRJWaGRk