From April 21 to 25, the virtual asset market recorded an upward trend

Along with President Trump's 'Trump ($TRIMP)' meme coin dinner event, Paul Atkins, known as a pro-virtual asset figure, was appointed as Chairperson of the U.S. Securities and Exchange Commission (SEC)

The virtual asset market recorded an upward trend from April 21 to 25.

As of 4:30 p.m. on the 25th, the price of Bitcoin was $93,557, marking an increase of 1.29% from 24 hours earlier. Compared to a week ago, this marks an increase of 10.72%.

The price of Bitcoin remained at $84,000 on the 21st before soaring to $94,000 in just two days.

Experts attribute this surge to President Donald Trump's comments regarding a review of tariffs on China.

Along with President Trump's 'Trump ($TRIMP)' meme coin dinner event and Paul Atkins, known for his pro-virtual asset stance, being appointed as Chairperson of the U.S. Securities and Exchange Commission (SEC), contributed to an upward trend in altcoins.

Experts anticipate that the results of economic indicators to be announced next week will serve as a pivotal moment for further gains.

At the same time, the price of Ethereum was $1,774, showing a rise of 12.19% from a week ago.

During the same period, XRP saw an increase of 6.45% to $2.19, BNB rose by 3.39% to $608.24, and Solana recorded a 14.27% increase to $153.56.

In particular, $TRUMP, SUI, and STX experienced rises of 50% to 60%.

The fact that guidelines requiring banks to obtain prior approval from regulatory authorities to engage in virtual asset activities will be withdrawn also positively impacted the virtual asset market.

Following the announcement by the Federal Reserve, the funds inflow into Bitcoin spot exchange-traded funds (ETFs) amounted to $380 million, reaching the highest level since January.

"Expectations for interest rates and regulatory relaxation are aligned, further strengthening the upward momentum in the virtual asset market," said Choi Seung-ho, a researcher at Janeel.

"The macro indicators such as the Institute for Supply Management (ISM) manufacturing index and the personal consumption expenditures (PCE) index to be announced next week will be a turning point in assessing the possibility of further gains."

◇ Paul Atkins, pro-virtual asset figure, appointed SEC Chairperson

Atkins' appointment as the 34th Chairperson of the SEC on the 22nd also heightened expectations for the virtual asset market.

Atkins is reported to hold $1.4 billion worth of stocks in corporations related to virtual assets, indicating he is viewed as a friendly figure toward virtual assets.

He promised a 'clear regulatory framework' and hinted at a different approach from the regulation-focused Gary Gensler administration.

With Atkins taking office, interest is focused on the review of 72 cryptocurrency ETF applications submitted to the SEC.

The virtual asset market is optimistic about the possibilities of approval for ETFs.

However, there are concerns that Atkins' ownership of virtual asset-related assets may lead to conflicts of interest.

He previously acted as an advisor for the cryptocurrency exchange FTX, which declared bankruptcy in 2022.

A Janeel official stated, "Atkins' leadership is expected to be a turning point in establishing the U.S. as a global cryptocurrency hub."

◇ Holding $TRUMP leads to dinner with Trump… 70% surge

President Trump's meme coin $TRUMP has also become the center of controversy.

On the 23rd, Trump announced an exclusive dinner event for 220 top holders of the $TRUMP coin. The top 25 holders will even have the opportunity to tour the White House.

Following this news, the coin price surged by over 70%.

However, it is expected that the controversy over conflicts of interest will deepen as the Trump family holds 80% of the coin supply.

It has been suggested that President Trump may have leveraged his position for personal asset growth.

The virtual asset market is also engaged in heated debates regarding President Trump's actions.

A Janeel official noted, "With the speed of regulatory clarifications expected to increase under Chairperson Atkins, it will be interesting to see if a clear regulatory framework for meme coin markets like $TRUMP is introduced to reduce volatility risks and build institutional trust."

☞ CrossAngle is providing essential operational solutions and trust-based community building services for companies and foundations adopting Web3. It operates the crypto data intelligence platform Janeel, and the Janeel research team is creating content to showcase trends in the virtual asset investment industry based on global virtual asset information and data.

News data source: kdj.com

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