In April 2025, Bitcoin’s price recovered as Ethereum saw RWA value up by 20%. US tariffs affected stock markets while Canadian Liberal elections brought uncertainty for crypto. Two new crypto laws emerged in US states, and stablecoins grew by $4 billion. The regulatory landscape shows promise and challenges ahead.
Fast Summary: In April 2025, the cryptocurrency market saw significant swings as political events unfolded. The US President’s tariff announcements rattled global markets while Bitcoin rebounded at month’s end, closing up 16%. Meanwhile, Ethereum’s tokenized real-world assets rose by 20%. In Canada, the Liberal Party emerged victorious but fell short of a majority, raising questions about the future of crypto policy. Additionally, new crypto laws were introduced in Texas and Georgia amidst growing interest in stablecoins.
Bitcoin Rallies Despite Market Turbulence
April started on a rocky note for financial markets as US President Trump imposed what he called “discounted reciprocal tariffs” on 185 countries. Following this announcement, key indices like the Dow and S&P 500 saw drastic drops, wiping out enormous value—over $8.5 trillion globally. Bitcoin initially dropped 9% but broke away from its stock counterparts as April closed. By the 30th, BTC rebounded, reported at $94,729, marking a rise of 16.16% for the month.
Canadian Elections and Crypto Impacts
On April 28, Canadian Prime Minister Mark Carney’s Liberal Party won the federal elections but failed to secure a majority, holding onto 169 seats with no clear mandate. Carney, who has expressed scepticism about cryptocurrencies yet shows some support for blockchain technology, will have to navigate coalition politics to push forward any policy. His prior experiences and positions hint that Canada’s crypto landscape may see significant changes ahead, especially given the context of his leadership against a backdrop of heightened crypto interest.
Ethereum Leads RWA Tokenization Growth
Ethereum has emerged as a frontrunner in real-world asset tokenization, boasting a marked increase of 20% throughout April. With the market value for RWAs skyrocketing to $6.2 billion, financial giants like BlackRock are taking notice, suggesting that Ethereum is the go-to blockchain for such innovations. Tokenized RWAs are gaining traction in sectors like real estate and commodities, paving the way for instant digital trading and more integrated market approaches.
New Legislative Moves in the US
At the state level, Texas and Georgia have both made headlines by introducing new crypto legislation. Texas wants to establish a pilot programme to assess how blockchain might enhance government efficiency and transparency. Georgia’s proposed bill aims to educate K-12 students about blockchain and cryptocurrencies. Meanwhile, Arizona’s Governor Hobbs vetoed a bill expanding a regulatory sandbox for digital assets but put into effect laws protecting home miners from local bans. These steps mark a notable trend toward making sure blockchain literacy is on the rise.
Stablecoin Market Surges in April
Stablecoins are seeing robust growth, with April’s market cap up $4 billion as jurisdictions work on legal frameworks to regulate them. The US House passed a bill on stablecoins, advancing the conversation on oversight. The SEC also dropped an inquiry into PayPal’s stablecoin, PYUSD. Market uncertainties are leading to stablecoins being viewed as safe havens by many investors, which could bolster their further adoption amid fluctuating crypto markets.
As the political landscape shifts and crypto adoption rises, all eyes are on potential regulatory changes that may come from ongoing discussions in Congress and beyond.
