The cryptocurrency market has shown signs of recovery, with Bitcoin hitting a two-month high of $97,300 amidst rising institutional and ETF inflows. Analysts, including André Dragosch from Bitwise, predict that Bitcoin could reach $1 million by 2029, driven by its adoption aligning with gold’s market capitalization, currently valued at over $21.7 trillion compared to Bitcoin's $1.9 trillion. For 2025, predictions suggest Bitcoin could exceed $200,000, particularly with increased government adoption. Additionally, MGX plans to invest $2 billion in Binance using a stablecoin linked to the Trump family. Meanwhile, Ethereum is working on new token standards to enhance cross-chain transactions. However, April saw a significant rise in crypto hacking incidents, with over $92 million stolen, raising concerns about security. The DeFi Education Fund urged the Trump administration to halt the prosecution of crypto developers, highlighting the ongoing legal challenges in the space.

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