The Incrypted editorial team has prepared an overview of the main events in the cryptocurrency industry for this week. The digest includes information about the tariff war, tax changes in Ukraine, where former FTX CEO Sam Bankman-Fried has been transferred to prison, and the new appointment of Paul Atkins as the head of the U.S. Securities and Exchange Commission (SEC), along with other important news.
This is reported by Business • Media
Trends in the Cryptocurrency Market
Throughout the week, the price of Bitcoin experienced significant fluctuations. From April 6 to April 7, 2025, the cryptocurrency fell below $75,000, leading to liquidations exceeding $1 billion. Later, Bitcoin partially recovered its positions, but on April 9, it dropped again to below $79,000. At the time of writing, Bitcoin is trading at approximately $84,700, according to TradingView data.
The Cryptocurrency Situation in Ukraine
On Tuesday, April 8, Ruslan Mahomedov, the head of the National Securities and Stock Market Commission of Ukraine, announced open access to the taxation matrix for virtual assets, which includes both preferential and standard tax rates. However, shortly after, Danilo Hetmantsev, the head of the Verkhovna Rada Committee on Finance, refuted this information, stating that the document does not reflect the current version of the draft law.
Additionally, Kateryna Rozhkova, the first deputy head of the National Bank of Ukraine, announced the preparation of a draft law on virtual assets by October 2025, in collaboration with international partners. This step aims to improve the regulation of the cryptocurrency market in Ukraine.
It is also worth noting that a proposal has been made in New York to allow the payment of fines and taxes in cryptocurrency. New York State Assembly member Clyde Vanell introduced a bill that would permit state agencies to accept cryptocurrencies, including Bitcoin and Ethereum.
“In the next ten years, Bitcoin may begin to replace gold as the primary tool for protecting against inflation” – Adam Back, CEO of Blockstream.
Meanwhile, due to the implementation of Trump’s tariffs, the cryptocurrency market had a chance for a reversal, as this could lead to increased interest in Bitcoin. Experts note that tariffs may impact the adoption of cryptocurrencies in business.
Thus, the intensity of changes in the cryptocurrency sector continues to grow, and investors should remain vigilant to new legislative initiatives and market fluctuations.