In the crypto market report covering the week of April 21-28 prepared by the ICRYPEX Research team, we have compiled current developments regarding crypto assets, price movements of crypto assets and macroeconomics.
You can take a look at the general flow of this report immediately below and reach all the developments that took place in the 7-day period from Weekly Crypto Market Reports: April 21, 2025.
April 21 Weekly Crypto Market Report Overview
Last week, significant developments occurred in both the cryptocurrency markets and traditional financial data. While economic figures largely heightened global growth concerns, the crypto sector focused on regulatory updates and new product initiatives.
In the U.S., released data strengthened signs of an economic slowdown. The Leading Economic Index fell sharply by –0.7%, while PMI figures came in below expectations for both the services and manufacturing sectors. Weakness in durable goods orders and existing home sales further increased recession risks, and the Atlanta Fed’s GDPNow forecast was revised down to –2.5%, supporting contraction expectations. On the other hand, retail sales in the UK showed strength, inflation pressures persisted in Japan, and consumer spending in Canada signaled a recovery.
In the crypto markets, notable developments included Ripple’s investment in XRP-focused funds in Asia and Vitalik Buterin’s proposal of an alternative architecture for Ethereum. Additionally, Paul Atkins’ appointment as SEC Chairman and Bitcoin surpassing Google in market capitalization created major buzz within the crypto world. Meanwhile, the SEC’s postponement of spot ETF decisions and the Fed’s easing of crypto-related guidelines for banks marked significant regulatory milestones for the industry.
Looking ahead to this week, critical economic data is expected to be released. In the U.S., a sharp decline in the Conference Board Consumer Confidence Index could raise concerns about weaker consumer spending. Moreover, weaker-than-expected results are anticipated for JOLTS job openings, ADP employment data, and Q1 GDP growth, which could increase pressure on the Fed to cut rates. In China, a potential drop in the Manufacturing PMI below 50 could reignite global growth fears.
In Europe, positive GDP figures from Germany are expected to signal an exit from technical recession, while a slowdown in Eurozone inflation could support further easing moves by the ECB. If the U.S. Non-Farm Payrolls data also comes in weaker than expected, perceptions of a cooling labor market could deepen.
Overall, both traditional and crypto markets are experiencing a period where signals of economic slowdown are strengthening and regulatory frameworks are being reshaped. In this environment, volatility is expected to remain elevated, and markets are likely to show increased sensitivity to news flows.
Those who want to get more comprehensive information about the week covering April 21-28 can review Weekly Crypto Market Reports: April 21, 2025.
