Crypto News Today : Rippl XRP News, Bitcoin Price, Stock Market, Paul Atkins

Amid speculation of a renewed crypto bull run, Pi Network’s price is showing signs of a potential breakout. Technical analysis indicates Pi has broken above a falling wedge pattern, though it currently trades at $0.6349 with a $4.4B market cap. Overcoming resistance at $0.65 and $0.7 is crucial for Pi to target higher levels, potentially reaching $1.5 and beyond if bullish market conditions persist. While current sentiment is bearish, a market upturn could significantly boost investor confidence in Pi.

KuCoin’s planned settlement with the CFTC is unattended after a policy shift under the Trump administration to deprioritize crypto enforcement. The CFTC, lacking a majority to approve the deal, seeks more time. This follows KuCoin’s $297 million DOJ settlement and agreement to exit the U.S. for two years. The CFTC’s request for comment on perpetual contracts signals a broader review of crypto derivatives amid regulatory uncertainty.

Last week’s data reveals Solana and Ethereum as the dominant forces in decentralized exchange (DEX) volume. Their individual volumes of $15.74B and $14.93B, respectively, significantly surpass the combined volume of the other eight chains in the top 10, which totals $17.36B. This highlights the strong user activity and liquidity concentrated on the Solana and Ethereum networks within the decentralized trading landscape. The remaining top chains include BSC ($6.05B), Base ($4.96B), Arbitrum ($4.11B), Sui ($1.88B), Hyperliquid L1 ($1.19B), Celo ($1.12B), Tron ($1.01B), and Avalanche ($992M).

Binance Alpha will be the first platform to list Dolomite ($DOLO), with trading commencing on April 24th (exact time TBA). To celebrate, eligible Binance Exchange users with past Alpha purchases will receive an airdrop of 260 $DOLO in their Alpha accounts 10 minutes after trading begins. Eligibility requires a $50+ average daily holding and $100+ in Alpha purchases on Binance between April 15th and 21st, 2025 (UTC+0). This exclusive airdrop incentivizes early adoption of $DOLO on the Binance Alpha platform.

Bitcoin’s price today stands at $88,644.80, marking a 1.96% increase over the last 24 hours with a robust $36.89B in volume. Ethereum saw a modest gain of 0.35%, trading at $1,630.37. In contrast, XRP experienced a significant downturn, falling by 7.19% to $2.10 despite a $2.4B trading volume. Overall, the crypto market shows a mixed performance, with Bitcoin leading the gains among the top three, while XRP faces selling pressure.

Documents reveal Ripple Labs was a leading crypto donor to President Trump’s inauguration, contributing $5 million ($7.8M AUD) out of the sector’s $18 million total. Despite Trump’s pro-crypto stance and easing SEC actions benefiting Ripple, XRP has not rallied. Currently trading at $2.10, XRP is down 0.9% on the day and over 3% for the week, failing to capitalize on the positive political developments.

Germany has significantly lowered its economic growth forecast for the current year, now anticipating a stark 0% expansion. This represents a substantial downward revision from previous projections, signaling a concerning slowdown in Europe’s largest economy. Factors contributing to this outlook include ongoing global uncertainties, persistent inflation, and weakened industrial demand.

The Doge project has announced a significant milestone, claiming over $160 billion in estimated savings, according to an update on its website. These savings are reportedly a result of various factors, including asset sales, contract and lease cancellations, fraud and improper payment deletion, grant cancellations, interest savings, programmatic changes, regulatory savings, and workforce reductions. This translates to ~$993.79 saved per taxpayer, based on an estimated 161 million individual federal taxpayers. This substantial figure positions Doge as a major contributor to fiscal efficiency.

Recent data indicates a notable increase in the Swiss National Bank’s (SNB) holdings of MicroStrategy ($MSTR) shares. The provided chart highlights a significant surge in both the value and share count of MSTR held by the SNB, particularly after 2020. This move by the Swiss central bank underscores the increasing institutional interest in MicroStrategy, a company known for its substantial Bitcoin holdings, effectively making its stock a proxy for the cryptocurrency.

Gold price surged past $3,500 for the first time, prompting economist Peter Schiff to declare the end of U.S. dollar dominance. Up 31% year-to-date, gold’s rally signals economic instability, according to Schiff, who called the metal “money” in a viral X post. The U.S. Dollar Index has dropped over 9% in 2025. While Schiff’s remarks drew support, critics, particularly from the crypto community, challenged gold’s utility as money, citing its impracticality for everyday transactions like coffee purchases.

Coinbase has confirmed it is considering applying for a U.S. federal bank charter, signaling a potential move to deepen integration with the traditional financial system. While no final decision has been made, the move could allow Coinbase to offer banking services like deposits and loans. This comes amid a broader regulatory shift in the U.S., with evolving stablecoin legislation and a softening stance toward crypto firms. Other companies like Paxos, Circle, and BitGo are reportedly exploring similar paths.

As the Japanese yen rapidly strengthens, leveraged traders are unwinding positions in U.S. stocks and bonds, challenging Team Trump’s push for a weaker dollar. The USD/JPY has fallen sharply, over 6.4% in the past month, triggering volatility across global markets. While bond yields climb in response, Bitcoin remains resilient, betting that the Federal Reserve will ultimately resume money printing to stabilize the economy. All eyes now turn to how U.S. policymakers respond to mounting macroeconomic pressures.

Argentina has lifted the “cepo,” ending currency controls in place since 2019, as part of a bold economic shift under President Javier Milei. Alongside securing a new credit line from the IMF, Milei aims to stabilize the peso through a new fluctuation system, targeting an exchange rate between 1,000 and 1,400 pesos per dollar. The dollar’s current stability signals early confidence. Success could reshape Argentina’s economic model, but failure risks renewed inflation and steep devaluation.

In the past 24 hours, the crypto market saw a staggering $267.77 million in liquidations, impacting over 105,000 traders. Long positions accounted for $146.67 million, while shorts totaled $121.09 million. The most significant single liquidation occurred on Bybit, involving an ETH/USDT trade valued at $2.65 million. This highlights the intense volatility in the market, with rapid price swings triggering mass liquidations and underscoring the risks of leveraged trading in the current climate.

DeepBook Protocol’s DEEP token surged 38% following its listing on South Korea’s top exchange, Upbit, on April 22. Trading against KRW sparked the price to jump from under $0.10 to nearly $0.17, with 24-hour trading volume soaring by 1,500% to over $230 million. DEEP’s market cap now approaches $400 million, ranking #116 globally. The DeFi project, built on Sui, aims to offer CEX-level performance on-chain, with DEEP used for fees, liquidity pools, staking, and governance.

U.S. stock markets suffered a staggering $1.5 trillion loss in market value on April 21, highlighting investor unease amid growing economic and geopolitical tensions. While equities plunged, safe-haven assets surged, with cryptocurrencies gaining $60 billion and gold prices also climbing. The sharp divergence signals a shift in investor sentiment, favoring alternative assets over traditional markets. The move reflects growing concerns over inflation, central bank policy, and global instability, pushing capital into perceived stores of value like Bitcoin and gold.

The Federal Reserve is set to decide on interest rates during its May 6–7, 2025, FOMC meeting, with markets closely watching for any change in the upper bound of the target federal funds rate. Any adjustment will be rounded to the nearest 25 basis points. If no change is announced, the market will resolve to the “No change” bracket. The decision will be detailed in the FOMC’s post-meeting statement and published on the Federal Reserve’s official website.

The European Central Bank (ECB) has raised concerns about potential financial contagion from aggressive U.S. crypto policies, warning that an influx of dollar-backed stablecoins could destabilize the EU market. The ECB is urging revisions to the newly implemented MiCA framework, fearing capital flight and liquidity risks. However, the European Commission dismissed the alarm as premature. With stablecoins valued at $234 billion globally, critics argue MiCA’s strict rules hurt EU competitiveness, while Tether continues to challenge the regulation’s reserve mandates.

Paul Atkins officially assumed the role of SEC Chair on April 21, marking a potential turning point for U.S. crypto policy. Known for his pro-crypto stance, Atkins is expected to revive stalled ETF applications and steer regulatory reforms. His appointment follows acting Chair Mark Uyeda’s crypto-friendly initiatives, including a task force and dropped enforcement cases. With $6 million in crypto investments, Atkins’ alignment with the digital asset space is clear, fueling optimism among industry leaders for more market-friendly regulation.

The Dow Jones Industrial Average is on track for its worst April performance since 1932, during the Great Depression, plunging 3,831 points, or 9.1%, so far this month. The dramatic drop signals deepening investor concerns amid mounting economic and geopolitical uncertainties. The historical comparison underscores the scale of the downturn, with analysts closely watching for signs of stabilization. If the decline continues, April 2025 could mark one of the most significant single-month losses in nearly a century.

Ethereum Foundation transferred 1,000 ETH, worth $1.58 million, to Kraken, likely to sell, sparking concerns over a potential price dip. Historically, EF sales have preceded sharp declines, and analysts warn this move could push ETH down to the $1,504 support level—or even lower if Bitcoin’s recent rally falters. ETH is currently trading at $1,582, up 0.25% today. Despite the recovery, technical analysis shows a downtrend with range-bound movement, suggesting that a volatile breakout may be on the horizon.

Bitcoin price has surged past $88,000, its highest level since late March. The rally came amid political tension after Donald Trump threatened to fire the Federal Reserve Chair, triggering a drop in the U.S. dollar. Over $97 million in Bitcoin short positions were liquidated, per CoinGlass. Investors shifted toward Bitcoin as a safe-haven asset, with optimism rising over U.S. trade developments involving Japan and China following recent tariff and negotiation updates.

Dogecoin faces renewed market scrutiny as Elon Musk prepares to exit his role at the Department of Government Efficiency (D.O.G.E.). The Tesla CEO’s departure, spurred by political setbacks and pressure from federal agencies, has triggered bearish speculation around DOGE’s price. Despite fears of a short-term dip due to Musk’s influence, analysts remain optimistic. Talking about numbers, Dogecoin price is currently at $0.1636, with a change of +1.06% in 24 hours.

Crypto prices today show mixed signals. The global market cap stands at $2.77 trillion, up 0.58%, while 24-hour trading volume surged 32.01% to $89.4 billion. While Bitcoin climbed 1.25% to $88,537.91, Ethereum and XRP slipped. Fear & Greed Index sits at 38, signaling fear. FARTCOIN leads top gainers with a 16.56% spike, followed by Kaspa and POL. On the flip side, FIL, ICP, and Aptos are the day’s biggest losers, each dropping over 6%.