The Incrypted editorial team has prepared a new digest highlighting key events in the Web3 space over the past week. The article discusses the cryptocurrencies declared by Ukrainian officials, the cancellation of limits on P2P transfers, tariffs imposed by Donald Trump and their impact on the crypto market, as well as the billion-dollar losses from hacker attacks in the first quarter of 2025.
This is reported by Finway
Main News from the Crypto Market
Starting April 2, 2025, U.S. President Donald Trump imposed tariffs on several countries, leading to increased volatility in Bitcoin. It was noted that a 10% tariff will take effect on April 5, 2025. Against this backdrop, Lekker Capital manager Quinn Thompson predicts that the price of Bitcoin could reach the range of $50,000 – $60,000 by the end of 2025. Meanwhile, BitMEX co-founder Arthur Hayes believes that the new tariffs could be beneficial for Bitcoin, and BlackRock CEO Larry Fink sees a potential shift in the status of the reserve currency in favor of this cryptocurrency.
Financial Results and Regulatory Changes
In the first quarter of 2025, Bitcoin and Ethereum experienced significant losses, finishing the period down 11.82% and 45.41% respectively, marking the worst quarter for both cryptocurrencies in the last seven years. Specifically, in March, Bitcoin fell by 2.3%, while Ethereum dropped by 18.69%. Meanwhile, the National Bank of Ukraine lifted restrictions on P2P transfers that had been in place since October 2024, which experts believe could positively impact the cryptocurrency market.
“In 2024, Ukrainian officials declared cryptocurrencies in 2,113 declarations, which is 2.2 times more than before the full-scale invasion in 2022,” analysts noted.
The most popular assets among public officials remain Bitcoin, Ethereum, and the stablecoin USDT. Specifically, Bitcoin was mentioned in 731 declarations, Ethereum in 713, and USDT in 802 declarations.