Bitcoin’s Surge Fuels Crypto-Linked Stocks Amid Market Volatility
As traditional markets experienced a slump, Bitcoin-correlated equities such as Coinbase Global Inc., CleanSpark Inc., and MicroStrategy defied the trend, outperforming their tech peers. This resurgence was driven by a 13% rally in Bitcoin’s price, sparking renewed discussions about cryptocurrency’s potential as a hedge during equity market volatility. Analyst Bill Papanastasiou from Keefe Bruyette & Woods highlighted the spot price as the primary catalyst for this divergence. With Bitcoin currently trading at 104,890.99 USDT, the rally underscores the growing influence of digital assets in the financial sector. This development reinforces the bullish outlook for Bitcoin and its associated equities, as investors increasingly view cryptocurrencies as a viable alternative during periods of market uncertainty.
Crypto-Linked Stocks Defy Market Slump as Bitcoin Rally Sparks Rebound
Bitcoin-correlated equities surged while traditional markets faltered, with Coinbase Global Inc., CleanSpark Inc., and Michael Saylor’s MicroStrategy outpacing tech peers amid a 13% BTC price surge. The divergence reignited debates about crypto’s role as a potential hedge during equity volatility.
"The spot price is the primary catalyst," observed Keefe Bruyette & Woods analyst Bill Papanastasiou, noting how battered mining stocks Leveraged Bitcoin’s upward move for asymmetric gains. Crypto equities typically exhibit amplified beta to underlying token movements.
Despite the rally, significant segments of the crypto equity universe remain below pre-downturn levels. The advance comes as institutional traders increasingly treat bitcoin as a macro asset, with Coinbase serving as a liquid proxy for directional bets.
Roswell Pioneers Bitcoin Emergency Fund for Public Utilities and Disaster Relief
Roswell, New Mexico has made history as the first city in the state to establish a Bitcoin-denominated emergency fund. The Strategic Bitcoin Reserve, seeded with a 3.05M satoshi ($2,906) donation on April 29, 2025, will subsidize water bills for seniors and future disaster response once the fund reaches $1 million in BTC value.
Acting Mayor Juliana Halvorson and Bitcoin professional Guy Malone formalized the initiative, signaling municipal adoption of cryptocurrency for public welfare. This contrasts sharply with restrictive stances from European central banks citing volatility concerns.
Bo Hines Declares U.S. "Bitcoin Superpower" as Trump’s BTC Reserve Takes Shape
Bo Hines, Executive Director for the President’s Council of Advisers on Digital Assets, asserts that the U.S. is poised to dominate the global Bitcoin landscape. His confidence stems from recent policy moves, including President Trump’s crypto-focused executive order and the establishment of a strategic Bitcoin reserve.
"We’ve positioned ourselves to be the Bitcoin superpower of the world," Hines told Bitcoin Magazine. The remarks underscore a deliberate push for American leadership in digital finance, contrasting with perceived regulatory hesitancy from agencies like the SEC.
Bitcoin Demand Shows Recovery Signs Amid Subdued ETF Inflows
Bitcoin’s apparent demand has rebounded sharply, rising to 65,000 BTC over the past 30 days—a stark reversal from March’s trough of -311,000 BTC. This metric, tracking net changes in investor holdings, signals renewed capital inflows despite lukewarm institutional participation.
US-based ETF activity remains muted compared to 2024 levels, suggesting Wall Street’s conviction hasn’t fully returned. MEXC COO Tracy Jin observes that current conditions could fuel a summer rally toward $150,000 if bullish sentiment persists.
Bitcoin Defies Recession Fears as US Economic Data Sends Mixed Signals
Bitcoin demonstrates resilience amid growing US recession concerns, reaching new all-time highs in Argentina’s peso-denominated markets. The cryptocurrency’s performance bolsters its reputation as a hedge against economic instability, even as traditional markets grapple with contradictory indicators.
Recent US economic data reveals a complex picture. While Trump-era tariffs continue to stoke recession fears, the Bureau of Economic Analysis reports a 0.5% monthly increase in personal income for March 2025, driven by rising compensation and proprietors’ income. This divergence creates a fragmented macroeconomic landscape where digital assets increasingly serve as alternative stores of value.
Russia Imposes VAT on Crypto Mining Services for Foreign Clients
Russian authorities are tightening regulations on cryptocurrency mining, targeting firms that lease equipment or provide energy to foreign entities. The Ministry of Finance has proposed new VAT charges for data center operators and power companies servicing overseas mining pools, marking a significant shift in the country’s crypto taxation framework.
The MOVE comes as Russia seeks to formalize its crypto mining sector, which has flourished due to cheap energy and favorable climate conditions. The VAT will apply to all leasing arrangements, whether billed in real-time, monthly, or annually. This development could reshape the economics of Bitcoin mining in one of the industry’s key jurisdictions.
