Crypto Markets Rebound 9.9% in April, Led by Bitcoin
In April, the crypto market experienced a significant rebound, with a 9.9% gain. This positive shift was largely due too a pause in tariff discussions, according to a report by Binance Research.
Bitcoin (BTC) has been the star performer, further cementing it’s dominance. As of May 6, bitcoin’s market share reached 63%, the highest since 2021. This trend has been ongoing since 2022. The growing narrative around Bitcoin as a strategic reserve and digital gold has attracted more investors.
Historically, Bitcoin’s dominance has dipped during broader bull markets. However, April’s increase suggests a shift in how BTC is perceived, moving it closer to the financial mainstream.
Another factor boosting Bitcoin is the rise in money printing. The M2 money supply for the G4 countries is set to increase by $93 trillion. This expansion, especially in the U.S., Japan, China, and Europe, is positively linked to Bitcoin’s price. Supporters view Bitcoin as a hedge against inflation and a digital gold.
Centralized finance (CeFi) companies have also seen a surge in funding. In the past two months, these companies have raised more capital than others. This trend is partly due to shifting U.S. crypto regulations, making CeFi more attractive to investors.
