Crypto Comeback: Inside the Bullish Momentum of April 2025
- Sean G
- Apr 13
- 2 min read
📈 Notable Trends & Forecasts
BTC Resistance Levels: Analysts eye $88K–$90K as the next hurdle if support at $81,300 holds.
DeFi Sector: Rebounds as IRS crypto broker rule is nullified in the U.S.
Altcoin Season: Momentum building as smaller tokens gain traction.
Regulatory Outlook: U.S. softening stance = market confidence up.
As of April 13, 2025, Bitcoin (BTC) is trading at approximately $84,589, reflecting a 1.49% increase over the previous close. This uptick is part of a broader positive trend in the cryptocurrency market, influenced by recent policy changes and market dynamics.
In the United States, President Donald Trump signed legislation nullifying an expanded IRS rule that would have classified decentralized finance (DeFi) platforms as brokers, thereby subjecting them to stringent tax reporting requirements. This move has been welcomed by the crypto industry, which argued that DeFi platforms lack the necessary user data to comply with such regulations.
Additionally, the U.S. Department of Justice has announced a significant reduction in enforcement actions against cryptocurrency firms, signaling a more favorable regulatory environment for the industry.
These policy shifts have contributed to increased investor confidence, as evidenced by Bitcoin's recent price movements. Analysts suggest that maintaining support above $81,300 could pave the way for Bitcoin to test higher resistance levels in the near future.
In other developments, Ripple has announced plans to acquire credit network Hidden Road for $1.25 billion, aiming to integrate its crypto operations with traditional financial services.
Meanwhile, meme coins like PEPE have seen notable gains, with PEPE experiencing a 7.51% increase in the last 24 hours, reflecting the diverse interests within the crypto market.
Overall, the cryptocurrency market is exhibiting signs of bullish momentum, supported by favorable regulatory developments and renewed investor optimism.
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