Crypto Markets Rebound 16.16% in April Despite Trump Tariffs

In April 2025, the crypto markets experienced significant fluctuations due to the imposition of new tariffs by US President Donald Trump. These tariffs, which were levied on 185 countries and territories, had a profound impact on global financial markets, including the Dow Jones Industrial Average and the S&P 500, which saw substantial declines. Bitcoin, initially affected by these market movements, managed to recover and close the month with a 16.16% increase, trading at $94,729.

Ethereum's blockchain adoption metrics showed positive trends, with the network achieving a 60% real-world asset (RWA) tokenization value. Major financial firms, including BlackRock, are optimistic about the potential of blockchain technology for RWAs. However, concerns about scaling issues remain. The value of RWA tokenization on Ethereum increased by 20% in April, reaching $6.2 billion. This growth is driven by established financial firms launching tokenization pilot projects in various sectors, including real estate, commodities, and carbon credits. Larry Fink, CEO of BlackRock, highlighted the benefits of tokenized RWAs, noting their potential for instant trading and transfers.

In the United States, pro-crypto legislators in several states introduced new blockchain and crypto-related bills. Texas proposed a State Blockchain Technology Pilot Program to explore the use of blockchain in government operations. Georgia introduced a bill to implement a public awareness campaign on blockchain, cryptocurrency, and Web3 for K-12 students. In Arizona, Governor Katie Hobbs vetoed a bill to expand a state regulatory sandbox program for digital assets but signed a law protecting home crypto miners from local zoning laws and bans.

Stablecoins continued to gain traction in April, with their total market capitalization increasing by $4 billion. This growth is attributed to the development of legal frameworks for stablecoins in various jurisdictions and their perceived role as safe havens in uncertain markets. The US House of Representatives passed a critical committee vote on the STABLE Act, which provides rules around stablecoin issuance and reserves. Additionally, the Securities and Exchange Commission dropped a case against PayPal’s stablecoin, PYUSD, indicating a more favorable regulatory environment for stablecoins.

Despite the market volatility and regulatory challenges, the crypto industry remains focused on the evolving regulatory framework in the US. Observers suggest that the regulatory developments in the US federal Congress could have significant implications for the future of cryptocurrencies and blockchain technology. As the Trump administration continues to implement its policies, the crypto market is poised to navigate the changing landscape with a focus on innovation and regulatory compliance.