Markets have been generally range-bound in the past week, setting the course for what could be an explosive move higher, some say.
The major U.S. stock market averages tumbled about 2% to begin Wednesday following underwhelming economic data.
The company also plans to forge ahead with its ETFs, which will include cryptocurrencies.
A wallet reportedly linked to the official Donald Trump memecoin project has transferred nearly $20 million worth of TRUMP tokens to centralized exchanges. On April 29, on-chain analyst EmberCN reported that the team’s wallet transferred 1.346 million TRUMP tokens, valued at $19.53 million, to three major exchanges. Data from Arkham Intelligence, cited by EmberCN, revealed […]
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U.S. Peesident Donald Trump's memecoin has led to calls for impeachment and inflated its circulating supply in major unlocks. It's still defying gravity.
Bitcoin is changing hands at prices almost 40% below its modeled “energy value,” yet an unusual confluence of technical, fundamental and policy signals suggests the market may be turning, according to Charles Edwards, founder of the quantitative crypto hedge fund Capriole Investments. In his latest newsletter, Edwards argues that a newly-formed “Triple Put”—simultaneous backstops from the White House, the Federal Reserve and the US Treasury—has altered the risk profile for all risk assets just as on-chain and macro indicators for Bitcoin flip decisively higher. Bitcoin Flips Bullish Edwards begins with sentiment, describing it as “in the pits.” The American Association of Individual Investors’ bull–bear spread, he notes, is “as bearish as 2009 and the 2022 lows, and significantly worse than the 2020 Covid crash,” even though both Bitcoin and the S&P 500 have fallen less than fifteen percent from their recent peaks. The CNN Fear & Greed Index has registered its bleakest reading “in years,” while Capriole’s own Active Manager Sentiment gauge shows equity managers at near-record under-exposure. “Simply put, investors are panicking today,” he writes, warning that such extreme readings “typically coincide at the mid-late stage of a major price bottom.” The combination leaves what Edwards calls “blood (and fear) on the street,” echoing the Rothschild maxim he cites in full: “the time to buy is ‘when there’s blood on the streets, even if the blood is your own.’” Related Reading: Déjà Boom—Arthur Hayes Says Bitcoin’s 2022 Rally Setup Is Back Technically, Bitcoin staged a sharp reversal just days ago. A breakout candle to $94,000 reclaimed the entire $91,000–$100,000 range that had capped the market since February. Edwards classifies the move as a “significant range reclaim,” adding that “for Bitcoin, such bullish range reclaims rarely see price look back.” Unless the market delivers “a daily close under $91K,” he writes, “it’s hard to get a technical chart more bullish than this.” The breakout coincides with his firm’s machine-learning fundamentals model, the Bitcoin Macro Index, turning positive after months in neutral territory. The index blends more than seventy on-chain, macro-economic and equity-market variables; price is deliberately excluded to avoid feedback effects. Last week the model “reset to ‘fair value’ and then resumed a bullish trend,” a shift Edwards calls “a very promising fundamental data reading.” The ‘Triple Put’ Policy developments provide the third leg of the story. On April 2—the so-called “Liberation Day”—the United States imposed sweeping global tariffs, only to halve them and add a 90-day pause once equities sold off by roughly fifteen percent, the VIX jumped above 30, and credit spreads widened. Edwards describes the rapid reversal as the inaugural “Trump Put,” evidence that “if markets decline too much, Trump will step in, enact policy and backstop them.” One day earlier, on April 1, the Federal Reserve began slashing the pace of quantitative tightening by 95% (the “Fed Put”), effectively ending a four-year balance-sheet contraction; derivatives traders on the CME FedWatch tool now assign the base-case to three rate cuts before year-end. Related Reading: Bitcoin Surpasses Realized Price Of Recent Buyers — Rally Incoming Or Double Top? Meanwhile, Treasury Secretary Scott Bessent told reporters that the swoon in Treasuries was driven by deleveraging rather than foreign selling and that the department “had tools to mitigate the situation, including scaling up buybacks if necessary” (“Treasury Put”). Edwards concludes that “we now have three major financial market puts in place, all ready to backstop financial markets. Together the US President, Federal Reserve and US Treasury represent the Triple Put,” a volatility backstop unprecedented in its breadth. Is BTC Undervalued? Capriole’s own “Chart of the Week” underscores the valuation argument. The Bitcoin Energy Value—an in-house metric that prices the network using aggregate miner electricity consumption—surged above $130,000 for the first time this month. With the spot market trading near $94,000, Bitcoin therefore sits at an “almost 40% discount to fair value,” a depth of undervaluation that Edwards calls “quite rare” in the first year after a halving and “a very welcome sight.” Historically, the energy value has acted as a gravitational pull on price; gaps of this size have narrowed in every prior cycle. Edwards tempers the bullish picture with caveats. “Political and volatility risk remain, and new policy changes are the greatest risk to derailing markets at present,” he writes, adding that Capriole will watch for Bitcoin to defend $91,000 on a weekly close and for the Macro Index to remain in expansion. Yet his overall tone is unmistakably optimistic: “As it sits today, the outlook for Bitcoin is very bullish with confluence across technicals, fundamentals and sentiment,” he concludes. If the week ends above current levels, Edwards “suspect[s] we will be pushing new all-time highs on Bitcoin quite soon.” At press time, BTC traded at $93,723. Featured image created with DALL.E, chart from TradingView.com
You don’t need to be a big-name whale to make it a supposed dinner with Trump at his private, members-only Club in Washington, D.C.
The Donald Trump memecoin project has clarified the rules of its newly launched competition, which gives holders a chance to attend a private dinner with the US president. On April 23, the team behind the TRUMP token announced that the top 220 holders would receive invites to an exclusive dinner set for May 22. They […]
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Beaten down crypto miners snapped back after weeks of underperformance with bitcoin catching momentum.
US financial markets plunged Monday while cryptocurrency prices remained firm, as US President Donald Trump ramped up his public feud with Federal Reserve Chairman Jerome Powell, The Guardian and other news outlets reported Tuesday. The clash between the country’s highest political and monetary leaders shook traditional markets to their core but left crypto surprisingly unscathed. Related Reading: Shiba Inu Sees $120 Million Weekly Surge—Whales Tighten Their Grip Stock Markets Plummet After Presidential Remarks American stock indices closed forcefully lower on April 21, with broad losses at major benchmarks. The S&P 500 declined 2.3%, the tech-dominated Nasdaq lost 2.4%, and the Dow Jones Industrial Average plummeted by almost 1,000 points, down 2.4%, based on Google Finance data. JUST NOW: President Trump calls Jerome Powell a “major loser” and demands interest rates lowered “now” pic.twitter.com/rAM7CVmPw2 — Morning Brew ☕️ (@MorningBrew) April 21, 2025 Trump Calls For Rate Cuts And Slams Fed Chair Underlying the market volatility is a rapidly intensifying clash between President Trump and Federal Reserve Chairman Powell. Trump used his April 21 Truth Social forum to post that “Preemptive Cuts in Interest Rates are being called for by many.” The President contended rate cuts are warranted because “Energy Costs [are] way down, food prices [are] substantially lower, and most other ‘things’ [are] trending down,” asserting “there is virtually No Inflation.” Trump has repeatedly criticized Powell, calling him “Too late and wrong” for not cutting interest rates, which remain at 4.5%. Tensions rose after Powell warned that Trump’s tariffs could cause stagflation, prompting the president to demand his removal, saying his “termination cannot come fast enough.” Dollar Weakens While Crypto Shows Strength As the political conflict rages on, the US Dollar Index (DXY), which tracks the greenback relative to other significant currencies, dipped below 98 on April 21, recording a three-year low. This follows a falling trend that has had the dollar drop over 10% of its value since the start of 2025, latest data shows. Bitcoin Unfazed Amid Political Turmoil In stark contrast to traditional markets, cryptocurrencies have maintained their weekend gains. The total cryptocurrency market capitalization, based on TradingView data, remained steady at $2.74 trillion. Bitcoin price, according to data from Coingecko, hit a four-week high of $88,428. Why is the price of bitcoin flat? Should Trump fire Jerome Powell? Will The US lose reserve currency status? I answer your questions ???? pic.twitter.com/S7Q6hANR3H — Anthony Pompliano ???? (@APompliano) April 18, 2025 Industry Figures Warn Vs. Political Interference Cryptocurrency businessperson Anthony Pompliano warned against presidential intervention in the Federal Reserve leadership. In a video he uploaded on X on April 18, Pompliano declared that he does not believe that Trump should come in and unilaterally fire the Fed chair. Related Reading: Pi Network Frenzy Builds: $5 Prediction As Whales Take Out Millions He further stated that policy disagreement firings would lead the nation into perilous waters: “Where you have a disagreement and then the firing, I think that’s not really the area that we want to go into.” Market experts believe the central bank will hold steady at its next meeting on May 7. According to data, interest rate markets now forecast only a 13% probability of a rate reduction at that session. Featured image from Chip Somodevilla/Getty Images. chart from TradingView
The bitcoin mining industry routinely underreports the value of imported ASIC shipments to the U.S., multiple sources told CoinDesk.
Turkey's President Erdogan's experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins.
The top cryptocurrency has never held so well with volatility being so high, according to macroeconomic expert Lawrence McDonald.
The Bitcoin price spiked to $87,400 on April 21, its highest level since March 29. The intraday rally added more than $3,000 to the asset in less than 24 hours, erasing a substantial portion of April’s drawdown. While the single‑day appreciation of about 4% is not unprecedented for the notoriously volatile asset, the backdrop that accompanied Monday’s advance has market participants treating the move with extra significance. Why Is Bitcoin Up Today? The most immediate macro‑economic thread was the sell‑off in the US dollar after National Economic Council Director Kevin Hassett told reporters on Friday that US President Donald Trump intends to replace Federal Reserve Chair Jerome Powell. The dollar index (DXY) slipped to 98.182 on Monday, while capital rotated simultaneously into traditional safe‑haven gold. Spot gold climbed to a new high at $3,385 per ounce, extending its 2025 gain to 28%. In contrast, S&P 500 and Nasdaq futures traded about 0.5% lower. Related Reading: Bitcoin’s Largest Holders Are Stacking Again — What It Means For The Market Observers seized on the divergence between Bitcoin and risk‑asset benchmarks. Financial author Mel Mattison wrote on X that he is “seeing more evidence tonight of BTC breaking its strong risk‑on/QQQ correlation,” recalling his January thesis that “this is the year BTC breaks that correlation and starts trading more in sympathy with gold.” Apollo founder Thomas Fahrer reached a similar conclusion: “Bitcoin is pumping while stock futures are trading down. It’s almost like the market is treating it like it’s an alternative financial system or something.” The Kobeissi Letter described the alignment between the two hard‑asset narratives as notable because “Gold has hit its 55th all‑time high in 12 months and Bitcoin is officially joining the run, now above $87,000.” In a follow‑up post, the macro newsletter argued that both assets are “telling us that a weaker US Dollar and more uncertainty are on the way,” crediting part of gold’s strength to President Trump’s publication of a “non‑tariff cheating” list from Sunday that targets currency manipulation, export subsidies and other forms of perceived economic aggression. Related Reading: Crypto Gurus Predict Bitcoin Boom ‘In Days’—But Expert Urges Caution The renewal of trade‑policy anxiety capped a three‑day Easter weekend that had failed, in the words of Kobeissi, to deliver “the trade deals the market priced‑in last week.” Trump’s ninety‑day “reciprocal tariff” pause still has seventy‑nine days remaining, and market sentiment appears increasingly sceptical that a sweeping accord will materialise in that window. Nonetheless, FOX Business correspondent Charles Gasparino reported on Sunday that a Wall Street executive “with ties to the Trump White House” believes Treasury Secretary Scott Bessent is “close to announcing a significant trade deal, likely to be with Japan,” while cautioning that negotiations remain fluid. Bitcoin Price Breaks Out Against the macro backdrop, chart technicians pointed to an important structural break on the daily Bitcoin chart. Trader Scott Melker observed that the spot rate is now “breaking through descending resistance from the all‑time high” and must clear $88,804 to invalidate the series of lower highs and lower lows. The account @ChartingGuy highlighted $94,000—the 0.618 Fibonacci retracement of the entire drawdown—as the “minimum target on this rally,” adding that market behaviour at that level will determine whether the current impulse proves a mere relief bounce or the beginning of a more sustained advance. Meanwhile, crypto analyst IncomeSharks warned: “Nice to see the downtrend breakout but the timing is important. Sunday is not a day to celebrate a low volume pump while stock markets are closed. If you want to see a bullish moves lets see stocks open red tomorrow and keep this candle green. Then we can have fun.” At press time, BTC traded at $87,509. Featured image created with DALL.E, chart from TradingView.com
The price of TRUMP has witnessed an exciting jolt of bullish momentum this weekend, outperforming most of the assets in the top 100 on Saturday, April 19. The United States President Donald Trump’s meme coin has increased in value by more than 8% in the last 24 hours. This positive price spurt came despite the recent unlocking of a significant amount of tokens into open circulation. Project Creators Unlock 40 Million Tokens In First Event On Friday, April 18, the creators of the TRUMP meme coin released 40 million tokens in the first unlock event for the project. The unlocked tokens, which were worth about $310 million at the time of the event, represent just 4% of the total supply, but over 16% of the current circulating supply. Related Reading: Ripple Takes Asia By Storm With New XRP Product, Here Are The Recent Developments The Official Trump meme coin has not been in particularly good form in recent weeks, falling further away from its record high price of $71 reached in January. According to data from CoinGecko, the token’s price is down from its all-time high by roughly 90% in the past three months. Prior to the unlock event, the TRUMP token was valued at around $7.54 and had been oscillating between $7.46 and $7.83 on the day. However, the impending release of 40 million tokens from a three-month lockup did little to improve the sentiment around the meme coin, as investors predicted an extended period of downward pressure. Historically, large token unlocks are deemed bearish events, as they allow holders to sell off their assets on the open market. With increasing token supply and insufficient demand, the meme coin’s price was expected to further crumble under the selling pressure. Interestingly, the price of TRUMP seems to be reversing the trend and moving against the crowd’s expectations after surging by more than 8% to reclaim the $8 mark on Saturday. While the meme coin’s price has somewhat cooled down, it did climb as high as the $8.60 mark on the day. The Official Trump meme coin was launched earlier in January 2025, a few days before the inauguration of Donald Trump as President of the United States. The launch was met with some criticism in the industry, especially as President Trump also promoted the cryptocurrency. The April 18 unlock event represents the first among numerous “cliff” releases expected to come at later dates. TRUMP Price At A Glance As of this writing, the price of TRUMP lies at around $8.33, reflecting an 8.6% increase in the last 24 hours. However, this positive single-day action was not enough to put the meme coin in the green on the weekly timeframe — still down by 1.5% in the last seven days. Related Reading: Chainlink Price Continues To Hover Around $12.5 — Levels To Watch Featured image from Gearbest, chart from TradingView
Bitcoin may be trapped beneath the gravitational pull of forced deleveraging, but macro strategist and Forward Guidance host Felix Jauvin insists that the clearing of risk books is no more than “the prelude to an incredible trade once the degrossing is over.” In a thread on X, Jauvin stitches together fiscal arithmetic, global liquidity metrics and the geopolitics of trade to argue that the next great impulse for BTC will arrive when capital flows that have underpinned US asset dominance reverse and re‑seed risk appetite abroad. Bitcoin Amid The Trump Chaos Jauvin begins by borrowing the empirical backbone of Michael Howell’s work. “Bitcoin is primarily driven by global liquidity,” he writes, citing Howell’s Granger‑causality tests that give liquidity an eleven‑week statistical lead on spot prices. Equity‑style beta “is a spurious correlation,” Jauvin argues, because US equities have merely been the channel through which global dollar liquidity has expressed itself since pandemic‑era deficits swelled Treasury issuance and household incomes at once. Putting numbers to the claim, he notes that the United States has “run a substantially higher fiscal deficit as % of GDP than any other country,” a gap that “mechanically leads to higher inflation, higher nominal GDP, and therefore higher top‑line revenue for corporations.” By extension, the S&P 500—and increasingly Bitcoin—have monopolised incremental risk capital. “Because of this dynamic, US equity markets have been the dominant marginal driver of risky asset growth, wealth effect, global liquidity, and therefore a vacuum for global capital to go where it’s treated best: the USA.” Related Reading: Bitcoin At $1 Million? BPI Says One US Move Could Make It Happen Jauvin’s inflection point is the Trump campaign’s declared ambition to compress the trade deficit and prod allies into heavier fiscal outlays for defence and infrastructure. “The Trump administration wants to lower trade deficits with other countries, which mechanically implies a decrease of US dollars flowing to foreign countries that will not be reinvested into US assets,” he writes. A paired objective is “a weaker dollar and stronger foreign currencies,” achieved as foreign central banks lift rates and investors repatriate funds to harvest that carry. He sees the genie already inching out of the bottle: “Trump’s shoot‑first, ask‑questions‑after approach to trade negotiations is leading the rest of the world to unshackle themselves from their meagre fiscal deficits … I believe nations will continue with this pursuit regardless.” If foreign governments embark on deficit‑financed rearmament and industrial policy, the marginal growth in global liquidity would migrate out of Washington and into Europe and Asia. “As the US continues to pivot from a global capital partner to a more protectionist one, holders of US‑dollar assets will begin to have to increase the risk premium associated with these previously pristine assets and have to mark them with a wider margin of safety.” Why Bitcoin, And Why After The Sell‑Off Jauvin frames the present turmoil as the necessary purgation of crowded positions: “The first trade is to sell US‑dollar assets that the entire world is overweight and avoid the degrossing that is ongoing.” Margin exhaustion forces funds to raise cash indiscriminately, pinning Bitcoin to tech beta for now. But, he insists, the second phase will favour assets unburdened by national accounts or tariff risk. “During rotational market days and non‑margin‑call days, we’ve started to see this dynamic take shape. DXY down, US equities underperforming ROW, gold soaring, and Bitcoin holding up surprisingly well.” Related Reading: Bitcoin Faces Pressure As Report Flags Chinese Sell-Off Plans Gold has already responded, he notes. Bitcoin, by contrast, “hasn’t kept up with gold’s outperformance” because its high‑beta reputation keeps systematic traders on the sidelines. That sets up the asymmetry: “For me, a risk‑seeking macro trader, Bitcoin feels like the cleanest trade after the trade here. You can’t tariff bitcoin, it doesn’t care about what border it resides in … and provides a clean exposure to global liquidity, not just American liquidity.” Crucially, Jauvin anticipates a visible break in the co‑movement with US tech once non‑US fiscal stimulus becomes the leading source of incremental liquidity. “I’m seeing the potential for the first time … for Bitcoin to decouple from US tech equities,” he writes, conceding that the idea has hurt many before but arguing that this time “we are seeing the potential for a meaningful change in capital flows that would make it durable.” If the thread’s logic holds, the present stress is the mandatory downstroke before a secular re‑rating. “This market regime is what Bitcoin was built for,” Jauvin concludes. “Once the degrossing dust settles, it will be the fastest horse out of the gate. Accelerate.” At press time, BTC traded at $84,766. Featured image created with DALL.E, chart from TradingView.com
As China reacts to the latest round of Trump’s tariffs on Friday, announcing a 125% tariff on all American goods, vice president of the Beijing-based Center for China and Globalization, Victor Zhikai Gao, commented: “We don’t care! China has been here for 5,000 years. Most of the time, there was no U.S., and we survived.” […]
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The token is down by 83% since it launched in January.
The bitcoin lending market will get much more competitive in coming years, and that's good for consumers.
XRP prices dipped below $2 for the first time since December 2024 on Monday, even after a number of positive developments for the cryptocurrency. The decline is surprising to many investors who had hoped recent good news would send its value higher. Market analyst Vincent Van Code attributes this underperformance to underlying economic issues and not with XRP itself. Related Reading: XRP Dump? Not So Fast—Software Engineer Says Panic Selling Makes No Sense Trump Tariffs Are Blamed For Crypto Market Decline Van Code attributes the recent decline in cryptocurrencies to the tariffs imposed by US President Donald Trump on other nations. The tariff situation is just a power play to utilize economic pressure to get better negotiating terms, said Van Code. He expects these trade tensions to be short-term and perhaps pave the way for the market to rebound in the near future. Current #XRP prices are not aligned with recent @Ripple market announcenets, SEC case conclusion news, XRP US stockpile. Do you think this is becuase XRP is not performing well? I DONT! This is a global market downturn. Impacts across multiple markets, multiple countries, and… — Vincent Van Code (@vincent_vancode) April 9, 2025 XRP Fundamentals Strong Even after falling to $1.64 on April 7, XRP has shown a rebound by increasing to $1.82—a 10% increase. Van Code pointed out that Ripple and XRP’s fundamental strengths have not changed. They’re a hundred times better than a year ago when the SEC lawsuit was at its peak, he said. The SEC-Ripple case resolution, potential inclusion in US digital asset reserves, and Ripple’s Hidden Road acquisition were all considered positive developments for the cryptocurrency. Investment Strategy During Market Uncertainty Van Code described his approach to today’s market condition, showing he buys such assets like XRP when sentiment is low but fundamentals remain in place. He looks at weekly charts for larger decisions and uses hourly charts for intraday action. The market commentator termed XRP the “Fight Club” of cryptos because of its ability to withstand market action and stress. Related Reading: Bitcoin’s Next Big Move? Open Interest Says ‘Get Ready’ Future Growth Drivers For XRP Going forward, Van Code identified three key drivers to XRP adoption: regulation, corporate usage, and solid partnerships. He warned investors to avoid being influenced by short-term price fluctuations due to outside influences such as the tariff scenario. The analyst said that he would only be jittery if XRP was the sole cryptocurrency that is dropping in value. He also stated that the current decline is part of a larger market trend and not particular to XRP. The cryptocurrency market still responds to economic policy as investors look for indications that the tariff issue is resolved. Most XRP supporters are optimistic that as soon as these external pressures are gone, the price will more accurately reflect the good news surrounding Ripple and its currency. Featured image from Unsplash, chart from TradingView
Chinese goods will be subject to 104% additional tariffs beginning at midnight, the White House said.
“The Department of Justice is not a digital assets regulator,” U.S. Deputy Attorney General Todd Blanche said in the Monday night memo.
Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, Trump said.
Bitcoin prices fell below $75,000 on Monday, April 7, the lowest since mid-March as investors reacted to US-China trade relations tensions escalating. The digital currency shed about 6% in 24 hours, CoinMarketCap data revealed, as part of a broader sell-off across both crypto and traditional markets. Related Reading: Ethereum Slips Below Triangle—Is A $1,600 Crash Next? US-China Trade War Triggers Market Panic The sharp decline comes after US President Donald Trump’s recent imposition of tariff hikes and countermeasures by Beijing. The trade tensions sent shockwaves through world markets, with Wall Street suffering its worst fall since the COVID-19 pandemic. On Friday, April 4, the S&P 500 dropped 6%, the Dow Jones Industrial Average fell 5.5%, and the tech-heavy Nasdaq Composite fell 5.8%. Market commentator Charles Gasparino cautioned on Twitter that “Monday is shaping up to be the ultimate pain day,” and that investors should prepare for further selling pressure as markets open this week. That forecast seems to be coming to fruition as Bitcoin is trading between $74,000 and $75,000, far lower than last week’s levels. Breaking: One major market analyst just told me “Monday is shaping up to be the ultimate pain day.” Another: “Some really nice buys out there particularly in financials.” As they say disagreement makes a market! Story developing — Charles Gasparino (@CGasparino) April 6, 2025 Ethereum And Altcoins Hit Harder Than Bitcoin As Bitcoin lost heavily, other cryptocurrencies plunged even deeper. Ethereum, which is the second-largest cryptocurrency, by market cap, lost 13% – more than double the percentage drop of Bitcoin. Other well-known altcoins fell hard as well, with SOL and DOGE losing more than 10% in one day. ADA went down by 10.40%, while XRP and BNB lost 7% and 6%, respectively. The worldwide cryptocurrency market capitalization is currently at $2.62 trillion as the majority of top coins fail to find support. Even with the price decline, Bitcoin’s 24-hour trading volume jumped to $26 billion – an 80% rise over the past 24 hours – indicating strong levels of market activity during the sell-off. Investors Turn To Government Crypto Reserves For Potential Relief There is a possible silver lining in market chaos. According to Edul Patel, CEO and co-founder at Mudrex, US government agencies will disclose their crypto assets today. “A huge confirmation could lead to a relief rally,” Patel said. Related Reading: XRP Will Explode—And This Korean Expert Says He’ll Be ‘Laughing’ At Critics Market sentiment remains weak with the Fear and Greed Index inching towards what experts term “Extreme Fear.” This indicator implies that panicked selling has been controlling recent market trends instead of sound investment choice. According to market observers’ reports, Bitcoin now has a crucial technical test. “Bitcoin must retake the $80,000 level or it will retest its prior all-time high around $74,000,” Patel further added. This prior all-time high, previously hailed as a milestone, is now a possible support level that traders wish will stop further price declines. Featured image from Gemini Imagen, chart from TradingView
Bitcoin has maintained its price above $80,000 despite a massive sell-off in US stocks last week, sparking debate about its changing relationship with traditional risk assets. Related Reading: Bitcoin’s Safe, Saylor Says, While Trump Waves The Tariff Sword Bitcoin Holds Ground While Stocks Tumble The US stock market lost $2.85 trillion on April 3, followed by another staggering drop of $3.25 trillion by the end of Friday’s trading session. According to market analysts, this represents the worst two-day market decline in five years. The sell-off came in response to US President Donald Trump’s tariff increases, which sent investors rushing to pull their money out of stocks. But while stocks fell, Bitcoin took a different path. The cryptocurrency remained stable, even seeing price increases during this period. As of the latest trading data, BTC is priced at $83,205, showing a 1.3% increase over the past week. Crypto Market Welcomes $5.4 Billion In Fresh Money In what some market watchers call a surprising turn, cryptocurrency markets received about $5.4 billion in new investments on Friday alone. This happened at the exact time investors were pulling billions from stocks, suggesting a possible shift in how people view the top crypto during uncertain times. Even gold, which had recently hit a record high of $3,167 on April 3, dropped sharply to around $3,000 during Friday’s market troubles. Based on reports, Bitcoin’s price stability while both stocks and gold fell has caught the attention of many financial experts. Market Experts Express Surprise At Crypto’s Performance Bloomberg ETF analyst James Seyffart highlighted Bitcoin’s unexpected strength in an X post on April 4. He wrote that he was “genuinely shocked” by Bitcoin’s ability to remain above $80,000 while other assets fell. Genuinely shocked a bit by Bitcoin’s resilience. Would not have guessed it would hold above $80k in this type of broader market selloff of risk assets… Hell — even Gold is down? pic.twitter.com/SKRkZF8hCb — James Seyffart (@JSeyff) April 4, 2025 Adam Back, co-founder of Blockstream, suggested this might signal that Bitcoin is finally breaking its pattern of following stock market movements. He proposed that market makers might be taking advantage of limited cash in the system to adjust Bitcoin’s typical correlation with stocks. #bitcoin decoupling finally. was thinking the coupling was fake. maybe market makers using bitcoin market shortage of fiat liquidity to auto-correlate bitcoin, noticeable on US market open. — Adam Back (@adam3us) April 4, 2025 Companies Continue To Buy Bitcoin Despite Market Fears According to the report, Bitcoin’s price stability might be linked to ongoing purchases by major companies. Strategy has returned to buying Bitcoin weekly after a brief pause, now in its third consecutive week of acquisitions. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Game retailer GameStop made headlines recently when it disclosed Bitcoin as its primary treasury asset. The company is seeking to raise $1.3 billion to acquire more Bitcoin, a Bloomberg analyst said. These institutional purchasing trends might be generating sufficient demand to sustain Bitcoin prices despite pressure on conventional markets. Ongoing institutional demand indicates increasing confidence in Bitcoin as a store of value amidst market uncertainty. Featured image from Gemini Imagen, chart from TradingView
Michael Saylor, Executive Chairman of Strategy, pointed out that Bitcoin won’t face tariffs under US President Donald Trump’s new import tax plan. Saylor shared this view on X, telling his 4.2 million followers about Bitcoin’s unique position compared to physical goods. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Digital Assets Dodge Trump’s New Trade Taxes “There are no tariffs on Bitcoin,” Saylor wrote in his X post. His statement comes as market watchers track how the cryptocurrency market responds to the new tariff increases. According to reports, many investors worried about how Trump’s April 2 “Liberation Day” plans would affect crypto prices. But these concerns haven’t caused major price drops so far. Asian Countries Face Highest Import Taxes Based on information from Trump’s announcement, several Asian nations will face steep tariffs on their goods entering the United States. China will see a 34% tax rate, while Japan faces 24%. Taiwan’s imports will be charged at 32%, and Vietnam tops the list with a 46% tariff. These new import taxes will start on April 5, according to the announcement. The new US Tarrifs ▫️China — 34% ▫️European Union — 20% ▫️Vietnam — 46% ▫️Taiwan — 32% ▫️Japan — 24% ▫️South Korea — 25% ▫️Thailand — 36% ▫️Switzerland – 31% ▫️Indonesia — 32% ▫️Malaysia – 24% ▫️Cambodia – 49% ▫️UK – 10% ▫️South Africa — 30% ▫️Brazil – 10% ▫️Bangladesh -34%… pic.twitter.com/W3n22Z0GnI — Chay Bowes (@BowesChay) April 2, 2025 US Allies Not Spared From New Trade Measures The tariff plan extends beyond economic rivals. Even American allies must pay more to sell their products in the US market. The UK will face a 10% tax on imports, Israel 17%, European Union countries 20%, and India 26%. China has already threatened to respond with its own tariffs if Trump doesn’t reverse his decision. The back-and-forth raises questions about broader economic impacts. Bitcoin Price Holds Strong Despite Economic Uncertainty Although Trump’s tariff announcements caused market jitters, Bitcoin prices have remained relatively stable. The cryptocurrency was trading at $83,105 when this article was written, with only a 1% drop over the last 24 hours. Some market analysts opine that physical goods carry the brunt of tariff effects, while digital assets may escape direct effects. Related Reading: Solana Slammed By Whale Dump—Can It Recover Or Is More Pain Ahead? The tariff impasse serves to emphasize Bitcoin’s odd position in global commerce. Unlike oil, gold, or manufactured goods that need to physically traverse borders, Bitcoin transactions occur electronically. This aspect may make cryptocurrencies a winner in trade conflicts since they cannot be halted or taxed at border points. Several investors are worrying that Bitcoin could still be indirectly affected by increased tariffs. If the costlier imports reduce the income of companies and consumers, they might invest less money into cryptocurrency, which might end up reducing funding to the cryptocurrency market. For now, it’s still above the $80,000 mark while the market watches the tariff development. Trump labeled his tariff proposal as “reciprocal,” adding that it reflects what other nations are charging on American products. As countries react to these new trade policies, cryptocurrency markets appear less impacted than other commodity markets. Featured image from Gemini Imagen, chart from TradingView
Solana’s price has fallen to $116, marking a 12% decrease over the past week amid growing concerns about large investors selling their holdings. According to reports, several major cryptocurrency holders, known as “whales,” unstaked and moved approximately $46 million worth of SOL tokens to exchanges, fueling the downward trend. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Four Major Wallets Lead Selling Wave According to cryptocurrency monitor Lookonchain, four wallet addresses accounted for the massive exchange of funds. The largest seller, ‘HUJBzd,’ transferred $30 million worth of SOL to exchanges. Three other wallets also did the same, with ‘BnwZvG’ selling $9.47 million, ‘8rWuQ5’ transferring $3.53 million, and ‘2UhUo1’ transferring $3 million worth of tokens. These mass transfers usually presage bearish sentiment in the market since they add selling pressure to exchanges. The recent price movement bears this trend out, with SOL falling by more than 3% within the past 24 hours alone. Many whales unstaked and dumped $SOL today! HUJBzd dumped 258,646 $SOL($30.3M). BnwZvG dumped 80,000 $SOL($9.47M). 8rWuQ5 dumped 30,000 $SOL($3.53M). 2UhUo1 dumped 25,501 $SOL($3M). Address:https://t.co/mCaB45W6pVhttps://t.co/wjhEwyZgFHhttps://t.co/Waqe4cxvbP… pic.twitter.com/kc1Q5GEKIX — Lookonchain (@lookonchain) April 4, 2025 Market Uncertainty Tied To Tariff Announcements The wider cryptocurrency market has been buffeted by economic policy shifts. Reports indicate that Bitcoin price fluctuations have been influenced by the announcement by US President Donald Trump of reciprocal tariffs. This uncertainty in the economy has spread to the altcoin market, with Solana being one of the cryptocurrencies under pressure. Based on recent data, the price of Bitcoin might still move according to stock market trends in reaction to these fresh tariffs. Analysts have cautioned that the entire cryptocurrency market might witness short-term volatility as Bitcoin emulates stock market trends. Some Analysts Remain Optimistic Despite Declines Though the present figures indicate a declining trend, not everyone in the market is pessimistic. Cryptocurrency expert Brandon Hong recently expressed an opposing view on social media platform X and wrote: “SOL is about to have its biggest breakout ever.” Hong’s forecast is focused on Solana possibly breaking out of its 400-day trading range. The analyst encouraged investors to “Buy now or regret later,” providing a rare optimistic view amidst the overall market uncertainty. Related Reading: XRP’s Rise To Rarity: Only 1% May Afford It, Expert Says Traders Keep An Eye On SOL This divergence in market opinion reflects the volatile nature of cryptocurrency investments in times of economic transition. Traders remain closely monitoring Solana as it navigates these tough market conditions. The 30-day performance for Solana investors is even worse, with figures indicating an 15% drop in the past month. This longer decline fits with wider market trends among the cryptocurrencies that have also been depreciating over the recent era of economic instability. While markets adapt to possible policy shifts and big holders keep shifting their assets, SOL price actions are still a major reflection of investor sentiment within the cryptocurrency market. Whether the token follows the bearish direction implied by whale action or breaks out as some analysts anticipate is to be seen within the next few weeks. Featured image from Gemini Imagen, chart from TradingView
XRP is probing critical support levels as the cryptocurrency market struggles with chronic volatility. The digital asset currently trades at $1.98, a daily trading volume of $10.50 billion and market value of $115 billion. Over the last 24 hours, XRP has declined by 7.7%, which mirrors larger market trends. Related Reading: XRP’s Rise To Rarity: Only 1% May Afford It, Expert Says Bitcoin’s Roller Coaster Affects Altcoin Market Bitcoin’s recent price move to $81,700 and subsequent sharp pullback has sent ripple effects throughout other cryptocurrencies. The move has sent investors into fear, with pressure on XRP and other alternative digital currencies. Traders are now observing key price levels to see if support will break or hold. Macroeconomic Factors Add To Market Tension Political events are creating a second level of unpredictability in the prices of cryptocurrency. In its report, agreed-on retaliatory tariffs by US President Donald Trump– with the aim to increase government revenues and establish what he calls “fairer international commerce” — have spurred fears of an impending trade war. These are some of the reasons behind today’s crypto market volatility. #XRP – April Candle Formation Forecast April is shaping up to be a dynamic month where we’ll see tests at both ends of the range. Here’s what to expect: 1⃣ Lows Testing: #XRP will likely revisit the lows around $1.90-$1.79—this will be a wicking process. 2⃣ Highs Testing:… pic.twitter.com/6RqfsLX5OS — EGRAG CRYPTO (@egragcrypto) April 2, 2025 Analyst Foresees Possible Test Of Lower Support In spite of the present downward pressure, one market observer envisions potential upside in the future. Crypto analyst Egrag Crypto predicts XRP will enter a testing period, possibly falling to the $1.90 to $1.79 levels before trying to move upward toward $2.80 to $3.00. According to this analysis, if prices hit the anticipated bottom, a rally of as much as 70% might ensue. Lull Period Pre-Surge The price history of the cryptocurrency depicts cycles of protracted periods of quietness preceded by explosive bursts. With recent market conditions contributing to a perfect storm of inputs, investors are closely watching price charts for subtle early indications of XRP’s next big move. RP has tended to catch investors off guard with unanticipated action, and April could be a decisive month for the coin. Traders are bracing for a few different scenarios: more consolidation, a breakout, or a sudden market change. Related Reading: XRP To $27 In 60 Days? Analyst Sees Deja Vu In Price Action April May Mark End Of Consolidation Meanwhile, several market watchers define XRP’s present trend as a period of consolidation that usually precedes considerable price action. According to analysts, this phase could end soon, potentially propelling XRP into more robust positive momentum. A final test around the $2 level may be used as a springboard for what some expect to be a major breakthrough. While near-term uncertainty exists, the long-term picture is cautiously optimistic from the perspective of market observers. Technical signals alongside economic fundamentals indicate a phase of heightened price activity in the next few weeks. Featured image from Gemini Imagen, chart from TradingView
Gold continued to notably outperform so-called "digital gold."
Traders on Polymarket and Kalshi are pricing in an over-50% chance of a U.S. recession this year.