As of April 29, 2025, Bitcoin (BTC) continues to dominate headlines in the cryptocurrency space, with significant developments in institutional adoption, regulatory changes, and market performance. Trading at approximately $94,000-$95,000, Bitcoin is showing resilience amid global economic uncertainties and renewed investor confidence. Here’s a detailed look at today’s top Bitcoin news stories shaping the crypto landscape.
Institutional Adoption Gains Momentum
Coinbase Launches Bitcoin Yield Fund
Coinbase, a leading cryptocurrency exchange, has introduced a Bitcoin Yield Fund aimed at institutional investors, targeting an annual net return of 4% to 8% on Bitcoin holdings. Announced on April 28, this fund underscores the growing interest from institutional players in Bitcoin as a store of value and investment asset. The move aligns with Bitcoin’s increasing correlation with gold (0.70, as per CoinDesk data) and its divergence from tech-heavy Nasdaq 100 stocks, reinforcing its “digital gold” narrative.
Strategy’s $1.42 Billion Bitcoin Acquisition
A major institutional player, Strategy, acquired 15,355 BTC for $1.42 billion, further signaling confidence in Bitcoin’s long-term value. Despite this significant purchase, TD Cowen analysts noted that such buying sprees have had minimal impact on Bitcoin’s price, suggesting a maturing market with deeper liquidity. This acquisition adds to the trend of large-scale accumulation by entities holding over 10,000 BTC, as reported by Glassnode.
Regulatory and Legislative Developments
Arizona Advances Bitcoin Reserve Bills
Arizona’s House of Representatives passed Senate Bill 1025 (SB1025) on April 28, with a vote of 31-25, paving the way for the state to potentially adopt Bitcoin as a strategic reserve asset. The bill now awaits Governor Katie Hobbs’ approval. This legislative move reflects growing political support for Bitcoin as a hedge against economic instability, particularly amid global trade tensions.
U.S. Banking Regulators Ease Crypto Restrictions
U.S. banking regulators announced on April 25 that they are retracting previous guidance urging banks to exercise caution with cryptocurrency activities. This shift could encourage more financial institutions to engage with Bitcoin and other digital assets, fostering mainstream adoption. The change comes alongside the appointment of crypto-friendly Paul Atkins as the new U.S. SEC chair, replacing Gary Gensler.
Crypto Group Petitions White House
The DeFi Education Fund led a petition on April 28, urging the White House to drop charges against cryptocurrency developers, including Tornado Cash’s Roman Storm. The petition, directed at White House crypto czar David Sacks, argues that prosecuting open-source software developers is “lawless” and stifles innovation. This development highlights ongoing tensions between regulators and the crypto community.
Market Performance and Price Outlook
Bitcoin’s Price Stabilizes Around $94,000
Bitcoin is currently trading at around $94,197.98, up 0.12% over the past 24 hours, with a market capitalization of $1.87 trillion, according to CoinMarketCap. The cryptocurrency has shown strong bullish momentum, breaking above the 9-day simple moving average (SMA) on daily charts. Analysts attribute this stability to institutional inflows, whale accumulation, and positive market sentiment.
Analysts Predict $100,000+ by May
Multiple technical and on-chain indicators suggest Bitcoin could rally toward $100,000 in the coming days. Cointelegraph reports that 87.3% of Bitcoin’s circulating supply is in profit, and liquidity maps indicate upward price momentum. Analysts like Ledn’s CIO predict BTC could reach $130,000-$136,000 by late 2025 or early 2026, while anonymous analyst apsk32 forecasts a potential $200,000 based on Bitcoin’s historical four-year cycles. However, some caution that a retest of April’s low near $75,000 remains possible.
Post-Halving Performance Under Scrutiny
Despite reaching an all-time high earlier in 2025, Bitcoin’s price growth since the April 2024 halving has been less explosive than in previous cycles, marking its worst post-halving performance on record. Analysts attribute this to macroeconomic factors, including U.S. tariff policies and global trade uncertainties, which have tempered investor enthusiasm. Nonetheless, Bitcoin’s 11% weekly gain as of April 25 remains its strongest since November 2024.
Global Perspectives and Challenges
Swiss National Bank Rejects Bitcoin Reserves
The Swiss National Bank (SNB) rebuffed calls to hold Bitcoin as a reserve asset, citing concerns over market liquidity and volatility. This stance contrasts with campaigns by crypto advocates, who argue that Bitcoin could diversify reserves amid global economic turmoil triggered by U.S. tariffs. The SNB’s decision underscores the divide between traditional finance and cryptocurrency adoption.
Pakistan Explores Bitcoin Mining
Pakistan plans to allocate surplus electricity to Bitcoin mining and AI data centers, according to the head of the country’s Crypto Council. This move aims to capitalize on the nation’s energy resources and attract mining firms, potentially positioning Pakistan as a new hub for crypto activities.
Broader Crypto Market Context
While Bitcoin remains the focal point, altcoins like Ripple (XRP) are also making waves. The U.S. SEC approved ProShares’ XRP Futures ETFs, set to launch on April 30, and CME Group plans to introduce XRP futures contracts on May 19. These developments highlight the expanding institutional interest in cryptocurrencies beyond Bitcoin.
Conclusion
Bitcoin’s trajectory in 2025 is shaped by a confluence of institutional adoption, regulatory shifts, and market dynamics. With Arizona’s potential embrace of Bitcoin reserves, Coinbase’s new yield fund, and significant whale activity, the cryptocurrency is cementing its role as a mainstream asset. However, challenges like global economic uncertainties and regulatory debates persist. As Bitcoin hovers near $94,000, analysts remain optimistic about a potential $100,000 milestone by May, driven by technical signals and growing investor confidence. Stay tuned for more updates as the crypto market continues to evolve.
Disclaimer: Cryptocurrency investments carry high risks. Always conduct thorough research and consult financial advisors before investing. Stay tuned to Coin Gyaan for more updates, analyses, and insights into the world of cryptocurrencies.
