Bitcoin dominance hits four-year high as crypto market rebounds
The cryptocurrency market experienced a 9.9% rebound in April, with Bitcoin reaching a four-year high in dominance at 63% of the total crypto market value.
This recovery followed a period of volatility in March and was highlighted in Binance Australia's latest Monthly Crypto Market Insights report, which also pointed to investor caution amid ongoing uncertainty in global macroeconomic conditions.
Bitcoin led the market resurgence, with prices briefly correcting to approximately USD $75,000 in early April before swiftly recovering to finish the month above USD $90,000. The report attributed this to Bitcoin's perception as a "digital gold" and a hedge against widespread economic risks, further reinforcing its position as a preferred asset during uncertain times.
Institutional investors demonstrated increased confidence in Bitcoin, with Bitcoin-based Exchange-Traded Funds (ETFs) seeing the largest inflows since January 2025. These inflows significantly outpaced those into Ethereum-based products, suggesting a growing view of Bitcoin as a stable foundation for diversified investment portfolios.
James Quinn-Kumar, Director of Community Engagement for Binance Australia and New Zealand, commented on Bitcoin's prominence during the market resurgence. "The resurgence in Bitcoin dominance clearly shows its strength as a defensive asset," Mr Quinn-Kumar said. "When traditional assets experience turbulence, investors tend to look to alternative assets to diversify their portfolios. Bitcoin, with its widespread adoption and established track record, has emerged as a haven within the crypto space."
An important factor supporting the market in April was the temporary 90-day suspension of U.S. tariffs that provided immediate relief. However, the report noted that this pause did not erase underlying uncertainties, as investors remained mindful that trade tensions could re-emerge at any time.
Mr Quinn-Kumar addressed the impact of this development in the report, stating, "The tariff pause has provided temporary breathing space for markets, but investors recognise the relief may be short-lived. This caution is leading crypto investors to rotate from speculative tokens into established, blue-chip cryptocurrencies like Bitcoin and Ethereum rather than exiting the asset class entirely."
Alongside macroeconomic developments, regulatory changes played a role in supporting the cryptocurrency market's positive sentiment in April. U.S. authorities reduced digital asset reporting obligations for decentralised finance platforms and eased banking restrictions related to cryptocurrencies, a shift noted in the report as paving the way for broader institutional engagement with digital assets.
In Australia, the re-elected Labor government signalled intentions to introduce clearer regulations for cryptocurrencies, reflecting a growing trend among governments worldwide to provide more structured guidelines around digital assets.
Mr Quinn-Kumar highlighted the importance of regulatory clarity, saying, "It's promising to see governments around the world making progress toward clear crypto regulations. Establishing structured and consistent guidelines is essential for sustainable market growth and protecting consumer interests."
The report also provided insights into Australian investor behaviour, indicating that Bitcoin continued to dominate trading activity on the Binance Australia platform throughout April. Ethereum regained second place over Solana, driven by anticipation surrounding Ethereum's Pectra upgrade, which occurred in early May. This performance was seen to reflect both assets' resilience and long-term stability, with traders favouring blue-chip cryptocurrencies as a strategy to navigate ongoing market uncertainty.
The Binance Australia Monthly Crypto Market Wrap offered further details on market trends during April, reflecting both global confidence in established digital assets and cautious optimism based on macroeconomic conditions and regulatory signals.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NZ Autocar
11 hours ago
- NZ Autocar
Automotive families still feature in latest NBR rich list
Prominent New Zealand families with ties to dealerships and the automotive industry have once again featured in the National Business Review's 2025 Rich List, according to an Autotalk report. The Todd family came in fourth overall with an estimated net worth of $3.5b. Although the family sold its Todd Motors business to Mitsubishi decades ago, its diversified portfolio now spans minerals, energy, property, and healthcare. The Fukutaka family has played a key role in New Zealand's EV sector by providing early backing for Drive Electric. It remains in eighth position with a net worth of $1.6b. Former Caterpillar dealership owners, the Christchurch-based Gough family, are 41st on the list with an estimated net worth of $550m. The Giltrap family, synonymous with prestige automotive retail in New Zealand, now sits at 64th on the list. Their holdings are valued at $400m, down from $480m last year and a ranking of 41st. The Maber family behind the Power Farming Group has grown into a multinational agricultural machinery business. It holds spot number 73rd with an estimated net worth of $350m, up slightly from $340m last year. Outside of the automotive sector, and at the top of the 2025 NBR rich list are Zuru founders, Nick and Mat Mowbray. They retain their title as New Zealand's richest individuals with an estimated wealth of $20 billion, followed by packaging magnate Graeme Hart at $12.1 billion. The NBR Rich List for 2025 includes 119 individuals and families with a combined wealth of $102.1b, up from $95.55b last year. Two women have made the rich list this year for the first time since 2019. NBR Rich List editor, Hamish McNicol, commented 'The country's Rich Listers together employ thousands of people and generate billions of dollars of economic activity.'
Techday NZ
11 hours ago
- Techday NZ
Accelex launches Sydney office as APAC private equity hits USD $138 billion
Accelex has announced its expansion into the Asia-Pacific region by opening a new office in Sydney, Australia. Private markets in the Asia-Pacific region have shown considerable growth, with private equity buyout investments reaching USD $138 billion in 2024, an 8.1% increase over the previous year, making it the second-highest deal volume in the past decade. As market activity increases, investors are facing new challenges, particularly regarding the management of unstructured and fragmented data. Much of this critical data remains locked in formats such as PDFs, creating additional work and complexity in extracting meaningful insights. Manual processes continue to present bottlenecks for timely decision-making in risk, performance, and returns assessments. Accelex aims to address these challenges in the region by introducing its AI-driven platform, which streamlines the extraction, categorisation, and analysis of private markets data. The platform is expected to help institutional investors reduce the risks of manual processes and human error, and to provide a reliable basis for investment decisions. The firm has appointed Brett Angwin as Head of Sales, APAC, and Kai Jebens as Sales Director, Southeast Asia. Angwin brings more than 20 years of experience in the technology and financial services sectors, with previous roles at BlackRock, eFront, FIS, and most recently as Head of APAC Sales at Charles River Private Markets. Jebens has over 15 years' experience working in Singapore, with roles at BNY Mellon, Bloomberg, and ICE, and most recently led Northern Trust's custody, data, and digital services growth for Southeast Asia. Michael Aldridge, President and CRO at Accelex, commented: "Asia-Pacific's private markets are a compelling growth story, with deepening pools of capital and rising transaction volumes. But this growth exposes a fundamental and growing problem: a lack of transparency and efficiency in the automation, management and reporting of data. Our solution and technology, combined with Brett and Kai's deep regional expertise and industry knowledge, mean we're uniquely positioned to meet rising demand for data transparency and enable intelligent data-driven decision-making across the region." Brett Angwin, Head of Sales, APAC at Accelex, added: "APAC's private markets are entering a phase of exceptional growth, and it's clear that investors need more advanced, scalable data solutions to keep pace. I'm thrilled to help lead our regional efforts alongside Kai to work with clients and partners across the region to simplify and strengthen their investment workflows through automation and intelligent data delivery." Accelex is working in the region alongside its partner FactSet to bring more efficient data handling to private markets. Michael Dawson, SVP Regional Director, APAC Analytics at FactSet, said: "At FactSet, we see a significant opportunity for institutional investors to grow their business by enhancing transparency and operational efficiency in private assets. With private market investments rapidly expanding across the APAC region, leveraging advanced, innovative technology has become critical in delivering precise and actionable insights. Building on our relationship with Accelex in APAC is a clear step forward for us, helping our clients unlock more impactful data analytics and drive better investment outcomes."
Scoop
12 hours ago
- Scoop
Avanti Finance Group Appoints Matthew Craig As Head Of Lending Operations At Branded
Press Release – Avanti Finance Matthew Craigs appointment marks a strategic step for both Branded and the broader Avanti Finance Group, as the organisation continues to invest in experienced leadership to drive long-term success. Auckland, 10 June 2025 – Avanti Finance Group is thrilled to welcome Matthew Craig to the team as the Head of Lending Operations at Branded Financial Services (Branded). Matthew brings a wealth of experience and expertise from across the retail banking, mutual banking, and fintech industries. In his new role, Matthew will oversee key areas including credit, settlements, accreditations, and sales support, leading Branded's efforts to optimise and streamline lending operations for customers and business partners alike. With his extensive background in leadership, sales, operations, product management, and project delivery, Matthew is well-equipped to lead Branded's operations as the company continues to grow and expand its services in the Australian market. Liesl Knox, CEO of Branded Financial Services, commented: 'Matthew is a great addition to the team at Branded. His leadership experience and his customer-first mindset will be instrumental in driving the continued success of our lending operations'. Matthew Craig said: 'I'm excited to join the team at Branded Financial Services and to lead lending operations at such an exciting time for the business. With a strong focus on delivering exceptional outcomes for customers, I look forward to working with the talented team at Branded to drive operational excellence and innovation in our services.' Matthew's appointment marks a strategic step for both Branded and the broader Avanti Finance Group, as the organisation continues to invest in experienced leadership to drive long-term success. ABOUT BRANDED FINANCIAL SERVICES Branded Financial Services (BFS) has been providing premium motor vehicle finance in Australia since 2011. In 2019, BFS was acquired by Avanti Finance, an award-winning New Zealand-based specialist lender that has been providing tailored property, auto, personal and business lending solutions for over 35 years. As a progressive and introducer-centric business, we're built to back people, move lending forward, and deliver the best possible outcome for both our introducers and their clients.
