Amid tariff pressures and a subsequent rollback, Bitcoin experienced a dramatic $10,000 swing over the past week.
Ranging from a high of $84,000 to a low of $74,000, before rebounding to around $81,000. Despite the volatility, the leading cryptocurrency demonstrated resilience, suggesting that Bitcoin may be transitioning from a highly speculative asset to a steadier, more mature store of value.
The Senate has voted to confirm Paul Atkins as the next Securities and Exchange Commission (SEC) Chairman, signaling a fresh chapter in the agency’s leadership.
After the confirmation, Senate Banking Committee Chairman Tim Scott (R-S.C.) praised Atkins’s deep expertise and forward-looking stance on financial regulation.
“Paul Atkins brings a wealth of experience and dedication to safeguarding our capital markets,” said Scott. “Chairman Atkins will also provide regulatory clarity for digital assets, allowing American innovation to flourish, and ensuring we remain competitive on the global stage.”
Atkins’ appointment has been widely welcomed by the digital asset industry, who have long regarded him as a knowledgeable and pragmatic voice on the evolving crypto landscape.
His leadership is expected to mark a turning point for regulatory policy, primarily as the U.S. seeks to balance innovation with investor protection in a rapidly changing financial environment.
Florida’s Strategic Bitcoin Reserve bill (HB 487) passed the Insurance and Banking Committee unanimously. Under current law, the state must rely on third-party providers like hedge funds to invest in digital assets.
The bill aims to change that by allowing Florida to hold Bitcoin directly.
Samuel Armes, President of the Florida Blockchain Business Association, told TheStreet, “Florida is working to pass the Bitcoin Strategic Reserve bill during the current legislative session, which concludes in just a few weeks. The next steps include a review by additional House and Senate committees.”
Initially filed in February 2025, the Bitcoin Bill is now in the Government Operations Subcommittee.
On April 9, 2025, Bitcoin’s hashrate surged to a new all-time high, signaling aggressive expansion among miners despite stagnant prices and mounting energy demands. The milestone comes when tariffs remain paused, and global interest in Bitcoin continues to rise.
As the second quarter unfolds, key questions emerge: How much higher can the hashrate climb, and will the price follow?
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of TheStreet Crypto. This piece is for informational purposes only and should not be considered financial or investment advice.
