FameEX Morning Crypto News Recap | April 24, 2025
2025-04-24 00:31:56U.S. May Reveal Strategic Bitcoin Reserve Plans in the Coming Weeks
In March, Trump issued an executive order to establish strategic Bitcoin and token reserves, mandating a Treasury review within 60 days. As the deadline nears, expected details are fueling market anticipation, widely viewed as a major driver behind the recent rebound in cryptocurrency prices and investor sentiment.
Trump Confirms He Won’t Dismiss Fed Chair Powell
On April 23, The Wall Street Journal revealed that Trump decided against firing Fed Chair Powell following warnings from Treasury Secretary Basant and Commerce Secretary Lutnik, despite earlier efforts by White House lawyers to explore legal avenues for Powell’s dismissal.
New SEC Chair Paul Atkins Pledges Balanced Approach to Digital Asset Regulation
In his inaugural address, new SEC Chairman Paul Atkins vowed to create a rational, principled framework for digital asset regulation. He stressed the need for coherent policy reforms and committed to positioning the U.S. as the world’s safest and most attractive hub for cryptocurrency operations and innovation.
OCC Affirms Legal Authority for National Banks to Engage in Crypto Activities
On April 23, the OCC affirmed that national banks may legally conduct crypto-related activities like custody and stablecoin transactions, as long as they adopt robust risk management practices to maintain regulatory compliance and operational safety.
Bitcoin Faces Key Supply Hurdle Before Breaking $100,000
According to Glassnode, Bitcoin must clear substantial supply pressure to exceed $100,000. Around $97,000, roughly 392,000 Bitcoins are held at breakeven, forming a dense cost basis cluster. This suggests many holders may sell at that level, creating a significant resistance barrier for further upward movement.
Gold Falls 3% to $3,273 on Eased Trade War Tensions
Spot gold fell 3% to $3,273 on April 23 after reports emerged of easing tensions in the trade war.
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