Bitget Highlights XWIN Research: Bitcoin Rallies 11.85% in April, Ethereum Gains 7.28%

Bitcoin’s April rebound outpaced Ethereum’s, according to a report by Japan-based crypto research firm XWIN Research that Bitget highlighted in a market analysis.

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Bitget

Bitget said Bitcoin gained 11.85% as Ethereum lagged with a 7.28% rise, framing the move as a split in demand rather than a uniform crypto recovery.

Cointelegraph

The article tied Bitcoin’s rally to “strong U.S. institutional demand and ETF inflows,” while it described Ethereum’s price gains as mainly driven by “reduced selling pressure.”

Bitget reported that Bitcoin climbed from $68,219 to $76,306 in April, marking an 11.85% gain and briefly testing $79,500.

In the same period, Bitget said Ethereum rose from $2,103 to $2,256, with a weaker peak near $2,466.

Bitget also pointed to the Coinbase Premium moving “back into positive territory” as a sign of renewed buying interest, including flows linked to spot ETFs.

The piece further stated that Strategy acquired “over 56,200 $BTC in April,” investing “over $4 billion,” and that Bitcoin ETFs, led by BlackRock, invested “over $1.197 billion in $BTC” in the same month.

Bitget’s account of April’s market rebound emphasized ETF-driven demand for Bitcoin and a different pattern for Ethereum.

It said “Bitcoin ETFs, led by BlackRock, invested over $1.197 billion in $BTC in the same month and have already bought $1.16 billion in May,” linking the flow to continued accumulation.

Cryptonews.net

The article also described Bitcoin exchange netflows as showing “consistent outflows,” which it said suggested investors were moving assets off exchanges and reducing sell pressure.

For Ethereum, Bitget reported that “Ethereum ETFs only attracted $356 million in inflows in April compared to nearly $3 billion for Bitcoin ETFs,” positioning the difference as a demand gap.

It added that Ethereum’s Coinbase Premium “remained relatively flat,” which Bitget said indicated weaker capital inflows compared to Bitcoin.

Bitget described Ethereum’s structure as “more reactive,” driven by “changes in supply rather than active accumulation,” and it said periods of reduced selling pressure helped lift prices without the same conviction.

The piece concluded that April’s rebound signaled “the start of a more selective phase in the crypto market,” where capital flows toward assets with “clearer demand signals.”

At press time, Bitget said “Bitcoin is now trading above $81,500, one of its highest prices since January.”

In a separate finance-focused development, the Tennessee Bankers Association endorsed Stablecore as a preferred digital asset technology provider, according to a Business Wire release carried by MEXC Exchange.

“The Tennessee Bankers Association (TBA), a trade group representing the state’s commercial banks, has selected Stablecore as a preferred technology provider for digital asset services, highlighting growing interest among regional lenders in crypto infrastructure”

Cryptonews.net

The announcement said Stablecore enables community and regional banks to offer stablecoins, tokenized deposits and digital asset products “directly into their existing banking experiences.”

MEXC Exchange reported that Stablecore would serve as the “preferred digital asset technology provider” for the Tennessee Bankers Association, which the release described as having “175 member institutions and additional associate members.”

The release quoted Colin Barrett, President and CEO of Tennessee Bankers Association, saying, “Our infrastructure partners play a vital role in supporting Tennessee banks as the industry evolves and new customer demands arise,” and adding, “We look forward to working with Stablecore to support the innovation of our members.”

It also quoted Alex Treece, CEO and co-founder of Stablecore, saying, “This endorsement validates our mission of bringing compliant, industry-leading digital asset technology to Main Street financial institutions and the communities they serve.”

The MEXC Exchange article said Stablecore unifies “the critical components necessary to support digital asset offerings,” enabling banks to offer the products “without changing their technology infrastructure.”

It further quoted Wade Peery, a veteran Tennessee Banker, saying, “Stablecore is the bedrock infrastructure that allows community banks to evolve with stablecoins and tokenization without overhauling their existing tech stack,” and that the endorsement would “allow our bankers to focus on what they do best -- serve their communities.”

Cryptonews.net and Cointelegraph both tied the Tennessee Bankers Association’s Stablecore endorsement to a broader regulatory debate over crypto market structure and stablecoin rules.

Cryptonews.net said the endorsement came in a Tuesday announcement and highlighted “growing interest among regional lenders in crypto infrastructure,” with Stablecore providing infrastructure for “stablecoins, tokenized deposits and digital asset-backed lending through their existing systems.”

Cointelegraph

It also said the endorsement “gives Stablecore exposure to the association’s roughly 175 member institutions,” potentially accelerating adoption among smaller banks.

Cryptonews.net linked the timing to U.S. lawmakers, stating that Tennessee’s junior US Senator Bill Hagerty, a member of the Senate Banking Committee, said last month there is “still a lot more work to do” before Congress can advance comprehensive market structure legislation.

It further reported that Senator Thom Tillis told reporters last week that he plans to push the Senate Banking panel to take up crypto market-structure legislation when lawmakers return to session on May 11.

The article said proposed bills aim to clarify how stablecoins are issued and supervised, which could give banks “a clearer path to offering tokenized deposits and related services.”

At the same time, Cryptonews.net reported that banking groups raised concerns about stablecoin design, particularly whether issuers should be allowed to offer yield or interest, and it quoted the Independent Community Bankers of America calling on Congress to ensure the measure addresses “the harmful impact on local economies of allowing crypto exchanges and other intermediaries to pay interest or yield on payment stablecoins.”

Cointelegraph’s version repeated the same legislative timeline, including Hagerty’s “still a lot more work to do” and Tillis’s plan to push the panel when lawmakers return to session on May 11, and it again cited the Independent Community Bankers of America’s concern about “the harmful impact on local economies.”

Beyond the endorsement itself, the sources described how Stablecore’s technology is expected to integrate into banking systems and how that could expand reach.

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Bitget

MEXC Exchange said Stablecore unifies “the key digital asset infrastructure with the banking technology stack,” integrating into “bank and credit unions’ existing digital banking, core banking and compliance platforms.”

Cryptonews.net

It also stated that Stablecore is backed by leaders in banking and digital assets, naming Norwest, BankTech Ventures, Curql, EJF Ventures and Bankers Helping Bankers Fund.

Cryptonews.net added that Stablecore develops “backend infrastructure” that allows banks to “issue and manage tokenized assets, including stablecoins and deposit tokens,” while handling compliance and integration with core banking systems.

Cryptonews.net also said Stablecore “recently joined the Jack Henry Integration Network,” which it described as providing digital banking technology to “around 1,670 banks and credit unions across the United States.”

Cointelegraph similarly reported that Stablecore joined the Jack Henry Integration Network and described it as providing digital banking technology to around 1,670 banks and credit unions across the United States.

The combined picture is that the Tennessee Bankers Association endorsement is positioned as a way for regional lenders to add digital asset services without building infrastructure internally, while the Jack Henry integration is presented as a distribution channel.

The sources also framed the policy environment as a factor in how quickly banks can expand offerings, with Cryptonews.net and Cointelegraph emphasizing proposed bills to clarify how stablecoins are issued and supervised.