The cryptocurrency market experienced a whirlwind of developments this week

 The cryptocurrency market experienced a whirlwind of developments this week. From Bitcoin price volatility and major crypto hacks

This week saw a whirlwind of activity in the cryptocurrency market. From Bitcoin price volatility and major crypto hacks to high-stakes geopolitical tensions and SEC shakeups, the global crypto narrative is evolving rapidly.

As gold price today hit new highs and Bitcoin hovered near key support, concerns over trade wars, regulation, and cyberattacks continue to impact market sentiment.

To get you up to speed, let’s break down the top crypto news, hack alerts, and market shifts in this week’s detailed recap.

Crypto Market Overview

The crypto market experienced a relatively quiet week with a slight decrease in total market cap to $2.7 trillion. However, daily trading volume saw a more significant decline of 21.43%, settling at $43.09 billion.

Bitcoin price today remains at a critical support level of $85,300, while Ethereum trades at $1,604, and XRP is priced at $2.08.

Top Crypto News This Week

245% tariff on Chinese imports triggered a 2% Bitcoin price dip and a 3.75% drop in the broader crypto market.

Gold, on the other hand, surged to an all-time high of $3,300 as investors sought safe-haven assets amid global uncertainties.

Recently confirmed SEC Chair Paul Atkins will be missing the April 25 roundtable on crypto custody, which will be led by Acting Chair Mark Uyeda.

Kraken, Fidelity, and Anchorage are among the institutions participating in the discussion on crypto custody in the U.S.

Jerome Powell’s warning about stagflation, tied to Trump tariffs, rattled markets. Trump criticized Powell for delaying rate cuts, adding political drama to financial uncertainty.

SoSo Value reported $700M in Bitcoin ETF outflows this week, reflecting rising concern over trade wars and slowing institutional confidence.

Ripple’s legal battle with the SEC is on pause, suggesting possible settlement talks. Ripple also announced a $1.25B acquisition of Hidden Road, expanding its global footprint.

Binance now requires Indian users to re-verify KYC using their PAN to comply with AML laws. Data handling assurances were provided.

The RWA-focused Mantra token fell 90% amid forced liquidations and insider trading concerns. Transparency and communication issues further shook investor trust.

Nvidia faced a $5.5B hit over halted chip exports to China, sending shockwaves through Nasdaq and crypto markets. Bitcoin dropped to $83,600.

Canary Capital filed for the first TRX spot ETF in the U.S., including staking in the proposal—pushing altcoin ETF momentum forward.

After a seven-month grace period, South Korea is banning 14 crypto apps, including KuCoin and MEXC, for operating without registration.

Authorities plan to make crypto enforcement permanent in the country.

India’s top court rejected WazirX investors’ plea after a ₹2,000 crore hack, urging them to approach regulators like SEBI and RBI.

Base token launched as an experimental meme coin by Coinbase but collapsed minutes after launch. Critics cited insider activity and poor rollout.

Slovenia proposed a 25% tax on crypto-to-fiat conversions. The law excludes crypto-to-crypto trades and could raise €25M annually.

Chainlink added Pi Coin to 22 data feeds, while Pi Network’s new Mainnet migration roadmap faced backlash over delays and unclear rewards.

This Week’s Crypto Hacks

A multi-chain hack exploited oracles on KiloEx across BNB, Base, and Taiko chains. KILO token crashed 30% as the platform halted operations.

MP Lucy Powell’s X account was compromised to promote a fake token “House of Commons Coin.” The incident exposed rising crypto scam risks.

From gold’s rise and Bitcoin’s drop to Ripple’s legal pause and Binance’s compliance shift—this week showed how politics, regulation, and tech intersect in crypto.

Stay tuned for next week’s biggest movers!