Bitcoin’s Popularity Soars Among Ukrainian Officials Amid Cryptocurrency Declarations Surge
As the war in Ukraine continues, the adoption and declaration of cryptocurrencies among government officials have seen a significant increase. This trend, highlighted by a recent study, reveals a growing interest in Bitcoin and Tether, reflecting a shift in financial strategies amidst global turmoil.
Tether, Bitcoin Most Popular with Ukraine Officials, Crypto Declarations Double During War
Declarations of government employees reporting crypto holdings have more than doubled since the beginning of Russia’s full-scale invasion of Ukraine three years ago. According to a new study, such filings have increased by 10% in the past year alone. In 2024, over 2,000 Ukrainian officials declared crypto assets, with Tether and Bitcoin being the most popular. The crypto news outlet Forklog unveiled that 2,113 such filings have been registered so far this year, quoting a recently published study. The number of crypto declarations filed last year was 2.2 times higher than before the start of the full-scale war.
US Treasury Yields Fall Below 4%, Sparking Interest in Bitcoin and Risk Assets
US Treasury yields have fallen below 4%, signaling a potential shift in Federal Reserve policy. This decline reflects growing economic uncertainty and rising recession fears, sparking renewed interest in Bitcoin (BTC) and other risk assets. A drop in Treasury yields reduces the attractiveness of traditional safe-haven assets like bonds, encouraging investors to seek higher returns elsewhere. Historically, Bitcoin and altcoins have benefitted from such shifts, as declining real yields increase liquidity and risk appetite.
Massive Bitcoin, Altcoin Volatility Triggered by Trump’s Trade War
The cryptocurrency markets experienced significant volatility this week due to US President Donald Trump’s global political actions, specifically his Trade War that escalated on April 2. Trump announced massive tariffs against numerous countries, including some of the US’s biggest partners, which led to retaliatory tariffs from various countries, including China. These developments caused substantial volatility in all financial markets, including crypto. Bitcoin and other altcoins experienced notable price moves amidst the turmoil.
Yala Announces RealYield: A Marketplace for Bitcoin-Powered Real-World Asset Yields
Yala, the Bitcoin-native liquidity layer enabling cross-ecosystem financial access, announced the upcoming launch of RealYield, a curated marketplace for real-world asset (RWA) yield opportunities powered by Bitcoin. The platform will allow BTC holders to earn regulated, risk-adjusted yields by investing in tokenized financial products such as U.S. Treasury bills, private credit, corporate bonds, and real estate-backed assets. RealYield serves as a unified access point to all of Yala’s RWA-related integrations, consolidating partnerships and investment opportunities into a structured platform where users can explore, compare, and combine diverse RWA yield sources, each offering distinct risk profiles, durations, and APYs.
China Imposes 34% Tariffs on US Imports, Impacting Bitcoin Market
China announced 34% retaliatory tariffs on US imports taking effect on April 10, barely 48 hours after Trump’s reciprocal tariff announcements. This escalation in the US trade war has impacted the Bitcoin market, with the BTC price plunging as low as $81,600 on Friday. The price correction saw $91 million in BTC long positions liquidated in the last 24 hours, with bulls at risk of losing another $793.4 million if the BTC price falls below the $81,000 mark.
