{"id":844137,"date":"2025-04-28T09:11:51","date_gmt":"2025-04-28T14:11:51","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/28\/coindesk-weekly-recap-finally-the-bitcoin-rally\/"},"modified":"2025-04-28T09:11:51","modified_gmt":"2025-04-28T14:11:51","slug":"coindesk-weekly-recap-finally-the-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/28\/coindesk-weekly-recap-finally-the-bitcoin-rally\/","title":{"rendered":"CoinDesk Weekly Recap: Finally, the Bitcoin Rally"},"content":{"rendered":"
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After weeks of plateau, this week we saw an upswing in prices and a return to post-election crypto confidence. Here\u2019s how CoinDesk reported the news that mattered. <\/h2>\n

Apr 25, 2025, 4:40\u202fp.m. <\/span><\/p>\n<\/div>\n

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After several weeks on a plateau, bitcoin saw some action this week, climbing to more than $95,000 at press time. It was up 12% on the work-week, buoyed by better macro news and a feeling that the worst of tariff-mania may be over. <\/p>\n

The CoinDesk 20<\/a> \u2014 which tracks about 80% of crypto market cap \u2014 jumped 10%-plus in the last five days.<\/p>\n

In an interview with CoinDesk\u2019s Sam Reynolds, Coinbase Institutional’s John D\u2019Agostino attributed the rally<\/a> to institutions and sovereign wealth funds accumulating bitcoin. Retail traders, by contrast, were tending to exit bitcoin ETFs, he said.<\/p>\n

Institutions continued to back bitcoin-accumulation vehicles. On Wednesday, Strike CEO Jack Mallers and Cantor Fitzgerald\u2019s Brandon Lutnick unveiled Twenty One Capital<\/a>, a new bitcoin investment company backed by Tether, Bitfinex, and SoftBank. Twenty One will have the third largest bitcoin corporate treasury with 42,000 BTC, Reynolds and Francisco Rodrigues reported. <\/p>\n

There was increasing evidence from the options markets that traders are willing to hold BTC through market swings<\/a>, which explains why bitcoin held relatively steady when stocks and bonds were diving in recent weeks. CoinDesk\u2019s market wizard Omkar Godbole reported on that.<\/p>\n

Bitcoin became the fifth most-valuable of all financial assets<\/a> this week, surpassing Google\u2019s market cap for the first time. Not bad for a protocol that started as a hobby among cypherpunks 20 years ago. <\/p>\n

In other news, Zora\u2019s much-hyped token launch sagged a little on debut<\/a>. Analysts said traders were weary of so-called \u201cVC tokens\u201d with relatively little liquidity. \u201cThe $ZORA launch highlights a recurring issue in Web3: overpromising and underdelivering,\u201d Min Jung, a research analyst at Presto, told markets reporter Shaurya Malwa.<\/p>\n

Ouch.<\/p>\n

But rising prices for core crypto assets is opening space for expansive Web 3 ideas. This week, the hit British TV series Peaky Blinders launched<\/a> a blockchain-based video game and Web3 \u201cecosystem,\u201d for instance. And, in a shift from a year ago, we saw plenty of other gaming and cultural-crypto news announcements.<\/p>\n

Still, if you had to pick two winners in the current market, you\u2019d have to go for bitcoin and\u2026 stablecoins (there are going to be hundreds of them soon). This week, USDC-issuer Circle announced a new global payments and remittances network<\/a> (Ian Allison reported), and Coinbase free conversion between U.S. dollars and PayPal’s PYUSD stablecoin.<\/p>\n

You can\u2019t go really too far wrong \u2014 though it\u2019s not investment advice \u2014accumulating bitcoin, and paying in stables.<\/p>\n<\/div>\n

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Benjamin Schiller<\/a><\/h5>\n
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Benjamin Schiller is CoinDesk’s managing editor for features and opinion. Previously, he was editor-in-chief at BREAKER Magazine and a staff writer at Fast Company. He holds some ETH, BTC and LINK. <\/p>\n<\/div>\n

X icon<\/title><\/svg><\/a>X icon<\/title><\/svg><\/a><\/g><\/svg><\/a><\/p>\n<\/div>\n

\"Benjamin<\/a><\/p>\n<\/div>\n

Read More<\/a>
\n Benjamin Schiller<\/p>\n","protected":false},"excerpt":{"rendered":"

After weeks of plateau, this week we saw an upswing in prices and a return to post-election crypto confidence. Here\u2019s how CoinDesk reported the news that mattered. Apr 25, 2025, 4:40\u202fp.m. After several weeks on a plateau, bitcoin saw some action this week, climbing to more than $95,000 at press time. It was up 12%<\/p>\n","protected":false},"author":1,"featured_media":844138,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31994,23325],"tags":[],"class_list":["post-844137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-coindesk","category-weekly"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=844137"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/844138"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=844137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=844137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=844137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}