Amidst the tariff pressure and subsequent rollbacks, Bitcoin has experienced a dramatic $10,000 swing over the past week.
It rebounds from the high to the lowest of $84,000 to $74,000, then to about $81,000. Despite its volatility, major cryptocurrencies are resilient, suggesting that Bitcoin may be moving from a highly speculative asset to a more stable, more mature and valuable reservoir.
The Senate votes for Paul Atkins to confirm as the next Securities and Exchange Commission (SEC) chair, signaling a fresh chapter in institutional leadership.
After confirmation, Senate Banking Committee Chairman Tim Scott (Rs.C.) praised Atkins’ deep expertise and future-looking stance on financial regulation.
“Paul Atkins brings us a wealth of experience and dedication to protecting our capital markets,” Scott said. “Chairman Atkins also provides regulatory clarity to digital assets, enabling American innovation to flourish and stay competitive on the global stage.”
Atkins’ appointment has been widely welcomed by the digital asset industry. The digital asset industry has long been watching him with a knowledgeable, practical voice on the evolving crypto landscape.
His leadership is expected to mark a turning point in regulatory policy, primarily as the US seeks to balance innovation with investor protection in a rapidly changing financial environment.
Florida’s Strategic Bitcoin Reserve Bill (HB 487) unanimously passed the Insurance and Banking Committee. Under current law, states must rely on third-party providers, such as hedge funds, to invest in digital assets.
The bill aims to change that by allowing Florida to hold Bitcoin directly.
Samuel Arms, chairman of Florida’s Blockchain Business Association, told TheStreet: “Florida is working to pass the Bitcoin Strategy Preparation Bill at its current legislative meeting, which closes in a few weeks. The next steps will include reviews by the House and Senate Committee.”
The Bitcoin bill, originally submitted in February 2025, currently belongs to the Government Business Subcommittee.
On April 9, 2025, Bitcoin hashrates surged to a new all-time high, marking an aggressive expansion among miners despite stagnant prices and rising energy demand. The milestone comes at a time when tariffs remain suspended and global interest in Bitcoin is growing.
As the second quarter unfolds, key questions arise. How high can the hashrate climb and the price will continue?
Disclaimer: The opinions and opinions expressed in this article are those of the authors and do not necessarily reflect the views of TheStreet Crypto. This work is for informational purposes only and should not be considered financial or investment advice.