### Bitcoin Price Update

**Bitcoin**, the world's largest cryptocurrency by market value, experienced a **5% decline**, bringing its price down to **$78,892.92** as of 1855 GMT on Sunday. This drop raises questions about the market's resilience and investor sentiment.

### Ether Also Takes a Hit

In addition to Bitcoin, **Ether**, the second-largest cryptocurrency, saw a more significant decrease of approximately **9.62%**, trading at **$1,617.65** at the same time.

![Bitcoin Plunge](https://s.yimg.com/os/creatr-uploaded-images/2020-11/62e21440-2fbd-11eb-95ff-5673fa3d2f9f)  
*Illustration shows representation of cryptocurrency Bitcoin plunge into water*  
*Source: Reuters*  

### Market Implications

The downturn in prices has sparked discussions among investors about potential strategies moving forward. As Bitcoin fluctuates, analysts are closely monitoring factors that could influence its recovery or further decline.

*Reporting by Janaki Venugopalan in Bengaluru; Editing by Leslie Adler*

(Reuters) — Bitcoin, the world's largest cryptocurrency by market value, was down by around 5% at $78,892.92 at 1855 GMT on Sunday.

Bitcoin Dips 5%: What This Means for Investors

# Major Crypto Developments This Week

The past week was a whirlwind of activity in the cryptocurrency world. From **Ripple’s concerns** about the UK’s crypto regulation to **Circle’s renewed public listing ambitions**, and the anticipated **Bitcoin price surge**, there was no shortage of intriguing developments.

## Ripple Raises Concerns Over UK’s Crypto Regulation

Blockchain-based payments firm, **Ripple**, voiced concerns about the UK’s slow approach to crypto regulation. Ripple’s Managing Director for the UK and Europe, **Cassie Craddock**, expressed that British banks are hesitant to adopt Ripple’s services due to the **uncertainty surrounding crypto laws**.

## Circle Eyes $5 Billion Valuation For Upcoming IPO

**Circle Internet Financial**, the company behind the **USDC/USD stablecoin**, is reportedly preparing to file for an **initial public offering** by late April. The crypto-focused fintech is working with **JPMorgan Chase** and **Citi** as advisors. This marks Circle’s second major attempt to go public.

## Anthony Pompliano Praises Trump’s Tariffs As Catalyst For Crypto Innovation

**Anthony Pompliano**, Founder & CEO of Professional Capital Management, lauded the new tariffs introduced by President **Donald Trump**. He argued that these tariffs highlight the **inefficiencies of traditional financial systems** and bolster the case for decentralized finance solutions like **Bitcoin**.

## Bitcoin Set for April Price Surge As Fed Signals Monetary Easing

Despite recent drops in cryptocurrency prices due to inflation concerns and tariff threats from President Trump, **Bitcoin** and other cryptocurrencies are projected to experience a **price surge in April**. This follows hints from the **Federal Reserve** about possible monetary easing. **Arthur Hayes**, a prominent crypto trader and BitMex co-founder, anticipates a Bitcoin price boom in April.

## Trump’s Tariff Surprise Sends Recession Bets Soaring on Polymarket

Cryptocurrency bettors significantly increased their expectations of a U.S. recession after President Trump’s underwhelming “Liberation Day” tariff announcement. On **Polymarket**, the odds for the “US recession in 2025?” contract jumped from **46% to 54%** within 24 hours. Just a week earlier, the probability stood at **38%**.

## Read Next:
- [Bitcoin Consolidates, But XRP May Have Topped: What’s Driving This Diversion?](https://benzinga.com/markets/cryptocurrency/25/04/44647456/bitcoin-xrp-diversion)  

*Photo courtesy: Shutterstock*

The weekend saw major developments in the cryptocurrency world, including Ripple's concerns over the UK's crypto regulations, Circle's plans for a $5 billion IPO, Anthony Pompliano's praise for Trump's tariffs as a catalyst for crypto, and expectations of a Bitcoin price surge following potential monetary easing by the Fed.

Major Crypto Developments: Ripple's Concerns, Circle's IPO Plans, and Bitcoin's Price Surge Ahead!

### Market Turmoil and Bitcoin's Performance

Bitcoin and cryptocurrency prices have faced significant volatility this week, with **traders concerned** that **Donald Trump’s tariff war** may trigger a **bitcoin price crisis**. Amidst this uncertainty, the **bitcoin price has outperformed stocks**, bolstered by a surprise endorsement from **U.S. Treasury Secretary Scott Bessent**.

### Wall Street's Existential Threat

As the situation evolves, Wall Street banks are confronting what some experts describe as an **“existential threat”** posed by bitcoin and crypto markets. This comes as **BlackRock’s CEO** issues a warning regarding the U.S. dollar, highlighting the need for decisive action as Trump advocates for **radical new legislation** affecting cryptocurrencies.

### Legislative Developments

Congress is racing to pass a **stablecoin bill**, which could allow interest payments on dollar-pegged cryptocurrencies. **Bo Hines**, leading Trump’s Council of Advisers on Digital Assets, has indicated a desire to see this legislation passed before August. This bill could significantly shift how consumers manage their finances, as **higher interest rates on stablecoin accounts** might encourage a migration away from traditional banks, potentially exposing them to new risks.

### The Future of Stablecoins

Experts like **Hina Sattar Joshi** from TP ICAP emphasize that **stablecoins** are emerging as a vital integration point between traditional finance and crypto. As lawmakers work to merge two competing stablecoin bills, the future of these digital assets hangs in the balance—will they become mainstream financial tools or remain sidelined? 

### Industry Reactions

**Brian Armstrong**, CEO of Coinbase, argues against government favoritism towards specific industries, suggesting that both banks and crypto companies should be incentivized to share interest with consumers. The **stablecoin market** has rapidly expanded, with major players like **Tether** leading the charge, generating substantial profits by backing their assets with a variety of financial instruments.

![Donald Trump and Bitcoin](https://specials-images.forbesimg.com/imageserve/67d41e29e8034991d691f377/Donald-Trump--bitcoin--bitcoin-price--crypto--Wall-Street--image/960x0.jpg?cropX1=165&cropX2=1390&cropY1=61&cropY2=860)

### Conclusion

With the **stablecoin market** gaining traction and institutional interest growing, the next few weeks will be crucial in determining whether these digital currencies will reshape the financial landscape or remain a niche market.

Wall Street banks are staring down the barrel of an “existential” bitcoin and crypto crisis as Trump pushes for radical new legislation...

Wall Street's Crypto Crisis: How Trump's New Legislation Could Change Bitcoin Forever

### More Solo Miners Are Winning

Recently, **solo Bitcoin miners** have been making headlines, with individuals celebrating victories on social media. Just last week, a solo miner processed a block and earned a **3.125 BTC reward**, which amounted to **$259,637** including transaction fees. This is just one of several solo mining successes we've seen in recent months.

### Is Solo Mining Becoming More Common?

The increase in solo mining raises questions: Are these miners just lucky? Can average individuals with hobbyist rigs actually compete against larger mining operations?

The reality is nuanced. While solo miners, which can refer to both hobbyists and discreet groups, are indeed succeeding more often, the increase isn't dramatic. According to Scott Norris, CEO of **Optiminer**, mining solo is akin to playing the lottery—**the odds are still slim**.

### Growth in Solo Mining Blocks

In 2022, miners using the **Solo CKPool** solved **seven blocks**. This number rose to **12 blocks** in 2023 and further to **16 blocks** in 2024. However, it's important to note that mining with Solo CKPool doesn't equate to being a lone miner with minimal resources.

### The Mining Pool Landscape

The mining pool industry is dominated by major players like **Foundry**, **AntPool**, and **F2Pool**. In these pools, miners share resources and split rewards. Solo CKPool allows miners to keep almost all the rewards once they find a block, offering a unique alternative.

### Decentralization Concerns

As Bitcoin's network grows, more power is required to mine blocks. This has led to the rise of industrial mining operations, which some Bitcoin enthusiasts argue undermines the network's decentralization.

### Hobby Mining Equipment

Hobbyist mining rigs, such as **Bitaxe** and **FutureBit Apollo**, are becoming popular among Bitcoin maximalists. These devices range from **$200 to $500** and are designed for home setups. Some miners have found success due to donations of hash rate from other machines.

### The Future of Solo Mining

Despite the slim odds, the rise of hobby miners might be contributing to the increase in individual block wins. As Econoalchemist noted, more frequently, a **single machine** processing a block is a small mining device found quietly operating in someone's home. However, large conglomerates can also mine blocks using substantial hash rates without joining a big pool.

### The Goal of Solo Mining

According to Matt Howard from **Solo Satoshi**, the primary aim of solo mining is decentralization, with any potential rewards being a secondary benefit. This aligns with the philosophy of many Bitcoin maximalists who advocate for a decentralized mining ecosystem.

More and more "solo" Bitcoin mining wins are being celebrated on social media amid a rise in hobbyist rigs. Here's what's going on.

The Rise of Solo Bitcoin Miners: Are They Really Winning? Discover the Truth!

## Proposal Overview

A new **Bitcoin Improvement Proposal (BIP)** titled *Quantum-Resistant Address Migration Protocol (QRAMP)* has been introduced by developer **Agustin Cruz**. This proposal aims for a network-wide migration of **BTC** from legacy wallets to those secured by **post-quantum cryptography** to protect against potential quantum attacks on the **ECDSA** algorithm, which is currently utilized for signatures.

![Scientific equation close-up (Bozhin Karaivanov / Unsplash)](https://cdn.sanity.io/images/s3y3vcno/production/8fd9b399d46baf24e176109501e620295133fa54-1920x1277.jpg?auto=format)

## Key Details
- A **hard fork** will be necessary for this migration, which could create a divide in the community. A hard fork is a change that makes previous versions of the blockchain incompatible.
- The proposal suggests a **migration deadline** after which any transaction from an address using ECDSA will be rejected by nodes running the updated software.
- Users will have a **migration window** during which they can freely move their funds.

## Implications of Quantum Computing
Quantum computing represents a significant threat to traditional encryption methods, which rely on binary code and could be compromised by quantum bits (qubits) that operate in multiple states simultaneously. This proposal is a **preventive measure** rather than a reaction to an immediate threat, following Microsoft's recent unveiling of a quantum processing unit designed for scalability.

## Community Reactions
Responses to the proposal have varied, with some expressing concerns about its feasibility and the potential vulnerability of coins that do not migrate. Critics argue that a hard fork could lead to a new coin that deviates from Bitcoin's original vision.

## Conclusion
As Bitcoin faces potential quantum threats, this proposal outlines a bold strategy to enhance its security. Stakeholders in the community will need to assess the implications and practicality of such a significant change in the Bitcoin network's architecture.

The proposal outlines a plan to enforce a network-wide migration of BTC from legacy wallets to ones secured by post-quantum cryptography.

Bitcoin's Future at Risk: Developer Proposes Radical Changes to Combat Quantum Threats

## Bitcoin Surges Amid Economic Turmoil

**Bitcoin** and cryptocurrency prices have faced turbulence due to U.S. President Donald Trump’s ongoing tariffs, yet **Bitcoin** is showing resilience. The Federal Reserve's potential moves could further boost Bitcoin prices.

After a significant drop linked to concerns from China about a potential "crisis scenario," Bitcoin has rebounded, breaking away from its previous ties to the stock market. **Larry Fink**, CEO of BlackRock, recently remarked that Bitcoin might be a "safer bet" than the U.S. dollar. Meanwhile, **Treasury Secretary Scott Bessent** has identified Bitcoin as an emerging **"store of value,"** drawing parallels to gold.

Bessent stated, “Bitcoin is becoming a store of value, gold’s has historically been a store of value,” during an interview with podcaster Tucker Carlson, emphasizing the variety of stores of value available over time.

As stock markets worldwide plummet following Trump's declaration of **Liberation Day**, which introduced a universal 10% import tax and higher tariffs on various products, Bitcoin's price has seen a week-long increase. In contrast, gold, a traditional safe haven, has risen approximately **15% this year** as investors seek protection from economic uncertainties.

The U.S. stock market has declined nearly **10%** since the onset of Trump's global tariff strategy, which was more aggressive than traders anticipated. Trump himself commented on social media, suggesting, “Trump is purposely crashing the market.”

Despite the stock market's downturn, Bitcoin has performed well, distancing itself from the technology-heavy Nasdaq, which includes major companies like **Apple**, **Alphabet**, **Amazon**, **Microsoft**, **Netflix**, **Nvidia**, and **Tesla**.

Bitcoin gains as U.S. Treasury Secretary says it’s a 'store of value' like gold—while Trump’s tariffs rattle the stock market.

Bitcoin Surges as Treasury Secretary Declares It a Gold Alternative Amid Stock Market Turmoil

## XRP-Spot ETF Market: A Key Driver for Outlook
Despite limited progress on the legal front, **regulatory momentum** continues. Clear rules would pave the way for an **XRP-spot ETF market**, marking another key step in XRP’s evolution toward **commodity status**.

Currently, **18 XRP ETF applications** await SEC review, with **BlackRock** notably absent but potentially preparing filings. Analyst Andrew from AP Abacus stated:
> “Crypto floodgates have opened, 2025 filings expected. We may not be the first, but we will give clients choices.”

A **BlackRock ETF** is likely crucial for the success of the XRP-spot market. Following its BTC-spot ETF launch on January 11, 2024, **iShares Bitcoin Trust (IBIT)** has seen net inflows of **$39,910 million**.

## XRP Price Outlook: Legal and ETF Catalysts
On April 4, XRP **rallied 3.21%**, closing at **$2.1288**, outperforming the broader market. Key drivers for XRP include:
- **SEC vs. Ripple Court Filings**: An appeal withdrawal or resolution could push XRP toward its record high of **$3.5505**.
- **XRP-Spot ETF Prospects**: Approval could boost institutional demand, while delays may limit potential gains.
- **Macroeconomic risks**: Factors like tariff updates and US CPI reports could influence XRP’s movement between **$1.7938** and **$3.00**.

## Bitcoin Hovers Below $85k Amid Trade Tensions
XRP’s gains coincided with **Bitcoin** trending higher, reaching **$84,573** before facing resistance from tariff concerns. 

## US BTC-Spot ETF Market Extends Outflows
The US BTC-spot ETF market experienced net outflows of **$64.9 million** on April 4, reflecting investor concerns. Notably:
- **Grayscale Bitcoin Trust (GBTC)** saw outflows of **$25.2 million**.
- **ARK 21Shares Bitcoin ETF** had outflows of **$21.8 million**.
- **Bitwise Bitcoin ETF** recorded **$17.9 million** in outflows.

Despite the market's challenges, **Santiment** noted Bitcoin's resilience amid tariff risks, suggesting that the cryptocurrency remains stable despite economic uncertainties.

## BTC Price Outlook: Bearish and Bullish Scenarios
On April 4, BTC closed at **$83,828**, with potential scenarios:
- **Bearish**: Trade tensions and economic factors could drag BTC toward **$70,000**.
- **Bullish**: Positive economic indicators could lift BTC toward **$109,312**.

![XRPUSD – Daily Chart](attachment_1509649)
![BTC Price Movement](attachment_1509650)

XRP rallies amid stalled SEC action and ETF optimism. Investors eye Ripple’s court filings and broader crypto regulation.

XRP Surges Amid ETF Hopes and SEC Silence; Bitcoin's Future Uncertain at $83K

## Significant Bitcoin Withdrawal

A staggering **$123,910,044** worth of **Bitcoin** has recently been withdrawn from a major **US cryptocurrency exchange**. This massive movement of funds raises questions about market sentiment and investor behavior.

### What's Behind the Withdrawal?

This withdrawal could indicate a shift in investor confidence, as large amounts of Bitcoin leaving exchanges often signal that investors are moving their assets into **cold storage** for long-term holding, rather than trading.

### Implications for the Market

The **cryptocurrency market** is known for its volatility, and such a significant withdrawal might hint at upcoming market movements. Investors should keep a close eye on how this affects **Bitcoin's price** and overall market dynamics.

### Conclusion

As the situation develops, remaining informed about these large transactions can provide insights into market trends and potential future movements in cryptocurrency values.

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Bitcoin Dips 5%: What This Means for Investors

Summary:

Bitcoin price down 5% to $78,892.92.

Ether declines by 9.62%, trading at $1,617.65.

Market reactions indicate uncertainty among investors.

Bitcoin Price Update

Ether Also Takes a Hit

Market Implications

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