Crypto Daybook Americas: Robinhood's Crypto Growth Presages Riot, Strategy Even as Tariffs Hit GDP

Quick Summary:

The largest cryptocurrency rose nearly 15% against the dollar in April as investors started using it as a safe haven, along with gold and the Swiss franc.

Still, Ethereum recorded $880 million in net inflows in April, suggesting the trend is reversing ahead of Pectra’s activation.

Indeed, while first-quarter gross domestic product (GDP) fell 0.3% and major stock indexes post posted losses in last month, bitcoin (BTC) held strong.

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Article Details

Category: Crypto

Markets: United StatesBrazilCanadaCubaMexico

Topics: News Crypto Daybook Americas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 11:15:00 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28309031

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Main Topics: Crypto

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News Last Updated: 15 hours ago

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