Thursday, 10 April 2025

Bitcoin Price Today! Can BTC Rebounds Above $80,000 Amid Tariff Turmoil? Here’s the Analysis


Bitcoin rebounds above $80,000 after a sharp drop amid U.S. tariff tensions. Explore expert analysis, technical signals like the “death cross,” institutional resilience, and what to watch next for crypto markets.

Bitcoin, the world’s largest cryptocurrency, surged back above the $80,000 level on Tuesday, recovering from a five-month low as traders bought the dip.

However, investor sentiment remains fragile in light of escalating trade tensions driven by U.S. President Donald Trump's aggressive tariff policies.

Bitcoin Rises Amid Market Rebound

By 09:31 ET (13:31 GMT) today, Bitcoin had gained 2.4% to trade at $80,285. This followed a volatile weekend during which the digital asset plunged to lows near $74,420, shedding over $10,000 in value as fears of a tariff-induced global recession sent shockwaves through financial markets.

At 7:32 AM on April 8, data from CoinMarketCap placed Bitcoin at $80,559.88, up 2.09% over the past day, with a market cap of $1.59 trillion and 24-hour trading volume of $88.59 billion.

While broader markets, including major Wall Street indices and Asian equities, began to stabilize following Monday’s steep losses, the recovery remains tentative. U.S. stock index futures pointed higher in Asian trading, helping support Bitcoin’s rebound.

However, when this article was written that evening, the price of BTC had again fallen by 0.56% and was trading at $78,853.

Trump's Tariffs and Market Uncertainty

The renewed volatility stems from President Trump's announcement of sweeping reciprocal tariffs targeting major economies. These measures, exceeding prior market expectations, rattled investors and drove a flight from risk assets—including cryptocurrencies.

Over the weekend, Trump doubled down on his stance, threatening even steeper duties on Chinese imports unless Beijing backs down from its own retaliatory measures.

Further uncertainty looms as the tariffs are set to take effect on Wednesday. Additional threats include potential levies on pharmaceutical and semiconductor imports — sectors critical to global supply chains.

Technical Warning: Bitcoin Confirms ‘Death Cross’

Despite Tuesday’s bounce, technical indicators remain bearish. Bitcoin recently formed a “death cross,” a key signal that occurs when the 50-day moving average falls below the 200-day moving average.

This pattern often precedes short-term weakness, particularly in markets lacking strong bullish catalysts.

Investing.com data confirmed the crossover this week, suggesting that Bitcoin could remain under pressure unless macroeconomic conditions improve or significant bullish triggers emerge.

Adding to concerns, several long-term Bitcoin holders have recently moved their holdings onto exchanges — often a precursor to selling.

Institutional Resilience and a Changing Investor Base

Despite recent price weakness, some analysts point to a more resilient foundation for Bitcoin. According to Bernstein analyst Gautam Chhugani, Bitcoin’s 26% pullback — though steep—is considerably milder than past crypto crashes, which sometimes saw losses of 70% or more.

Chhugani attributes this stability to the growing presence of institutional capital, including ETFs and corporate treasury allocations, which now dominate retail participation.

He views Bitcoin as a “probabilistic gold”—offering higher liquidity and volatility than traditional safe-haven assets like physical gold.

Indeed, year-to-date ETF inflows remain positive at approximately $770 million, suggesting continued confidence among larger players.

Altcoins Follow Bitcoin’s Lead

Broader cryptocurrency markets mirrored Bitcoin’s partial recovery. Ethereum, the second-largest cryptocurrency, climbed over 5% to $1,569, rebounding from a two-year low.

Solana, Cardano, Polygon, and XRP posted gains between 8% and 13%. Meme coins also saw movement, with Dogecoin soaring more than 9% and the politically-themed $TRUMP token rising 4.6%.

CoinSwitch Markets Desk reported Bitcoin briefly touched $74,600 before rebounding to around $80,800, with approximately $377 million worth of Bitcoin liquidated in the process. Altcoins posted more modest gains, with XRP up 1.6%, SOL up 4.9%, TRX up 2.3%, and ADA up 4.6%.

As of April 8, the global cryptocurrency market capitalization stands at $2.55 trillion, up 1.55% over the past 24 hours, while total market volume surged to $200.99 billion — a staggering 89.81% increase, reflecting heightened trading activity and volatility.

Looking Ahead: CPI Data and Market Sentiment

All eyes are now on upcoming U.S. Consumer Price Index (CPI) data, which could heavily influence market direction. A softer-than-expected inflation reading may ease investor concerns and catalyze a broader recovery across risk assets, including crypto.

Alankar Saxena, CTO and Co-founder of crypto investment platform Mudrex, noted that Bitcoin is currently testing resistance at $84,000 with key support at $75,900.

He emphasized the growing conviction among long-term holders, saying that Bitcoin, Ethereum, and Solana have rebounded as much as 15% from recent lows.

“Amid prolonged trade fragmentation and geopolitical strain, Bitcoin’s role as a potential safe-haven asset is being re-evaluated,” Saxena said. “This could add to its upward momentum, especially if traditional markets continue to remain volatile.”

Market Risks Still Loom

Still, risks remain elevated. According to data from Coinglass, around $1.5 billion in bullish crypto positions were liquidated in the last 24 hours — the largest such flush in 2025.

FalconX’s head of APAC derivatives, Sean McNulty, warned that options markets are now signaling sustained selling pressure, with demand for put options rising considerably.

Will Clemente, former co-founder of Reflexivity Research, expressed caution: “While I think we’re closer to the end of this correction than the beginning, market uncertainty remains high, and Bitcoin is not immune when investors must sell assets to meet margin calls or internal risk thresholds.”

Conclusion

Bitcoin’s bounce above $80,000 provides some relief to crypto markets rattled by global trade tensions, but the road ahead remains murky.

As investors digest tariff fallout and await crucial inflation data, Bitcoin’s ability to hold current levels—and possibly reclaim higher resistance—will depend on broader risk sentiment and macroeconomic signals.

Until then, traders should brace for continued volatility and remain attuned to shifting geopolitical developments that could further influence the trajectory of digital assets.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Tuesday, 8 April 2025

XRP News Today! XRP Price Surges on Regulatory Shifts and ETF Momentum: What’s Next for Investors?

  

previewXRP surges past $2.14 amid SEC regulatory shifts, Ripple lawsuit updates, and growing XRP ETF momentum. Explore price analysis, bullish vs bearish scenarios, and what's next for investors.

XRP continues to gain ground amid a changing regulatory landscape, a positive market outlook for exchange-traded funds (ETFs), and technical indicators pointing toward a possible breakout.

Following a strong performance in early April, the cryptocurrency has caught the attention of investors once again, driven by speculation over U.S. Securities and Exchange Commission (SEC) decisions, ongoing Ripple litigation, and the potential entry of institutional giant BlackRock into the XRP-spot ETF space.

XRP Extends Gains Amid Broader Market Weakness

On Saturday, April 5, XRP posted a 0.73% gain, closing at $2.1443 after surging 3.21% the previous day.

This marked the third consecutive daily increase for the token, outperforming the broader crypto market, which declined by 0.44%. This brought the total cryptocurrency market capitalization to $2.64 trillion.

XRP price on Bitrue Market
XRP price on Bitrue Market

However, when this article was written on April 6, 2025, the price of XRP had actually fallen by 2.83% and is currently trading at $2.0913.

Despite near-term bearish signals from the charts, XRP continues to show resilience—driven by regulatory optimism and ETF speculation.

SEC Developments Spark Investor Optimism

A key driver behind XRP’s upward momentum lies in recent statements from SEC Acting Chair Mark Uyeda, who cited Executive Order 14192, focused on deregulation to spur prosperity.

Uyeda urged the Commission’s staff to review guidance related to digital assets, including the 2019 framework on Investment Contract Analysis—a document heavily relied upon in past enforcement actions such as SEC v. Ripple.

This review could lead to modifications or even a rescindment of the framework, a development that journalist and CryptoAmerica host Eleanor Terrett says might signal the SEC’s evolving stance.

Such a shift would likely ease regulatory pressure on XRP and similar assets, potentially paving the way for broader institutional acceptance.

Ripple Lawsuit Update: Settlement Discussions Progress

The Ripple vs. SEC legal battle remains central to XRP’s price trajectory. While Ripple CEO Brad Garlinghouse stated in March that the SEC planned to withdraw its appeal over the Programmatic Sales of XRP ruling, the agency has yet to confirm this move.

In response to this uncertainty, XRP retreated by 28% from its March 19 high of $2.5925.

However, Ripple has initiated a cross-appeal withdrawal and announced a potential settlement that includes:

1. A reduced penalty of $50 million (down from $150 million),

2. Removal of the injunction on institutional XRP sales in the U.S.

3. The finalization of this settlement hinges on whether the SEC formally drops its appeal, leaving investors in suspense.

XRP-Spot ETFs: A Key Catalyst for Future Gains

One of the most significant drivers for XRP’s long-term value lies in the pending approval of XRP-spot ETFs. Currently, 18 applications are under SEC review.

While BlackRock has yet to file, analysts at AP Abacus suggest the firm is preparing to enter the space—potentially mirroring its successful Bitcoin ETF launch in January.

BlackRock’s entry could be transformative. The firm’s iShares Bitcoin Trust (IBIT) has already garnered $39.9 billion in net inflows, underscoring its influence in attracting institutional capital.

Should BlackRock file for an XRP ETF, institutional demand could surge, accelerating XRP’s path toward mainstream adoption.

XRP Technical Outlook: Bullish Indicators Take Shape

From a technical standpoint, XRP is approaching a breakout. According to analyst Triparna Baishnab (via TradingView), XRP’s current price action shows bullish momentum:

1. XRP trades at $2.1375, nearing key resistance at $2.14–2.15.

2. The MACD indicator has formed a golden cross, while the RSI stands at 60.36, reflecting growing but sustainable bullish pressure.

Should XRP break through the $2.15 resistance, it could climb toward the $2.17–2.18 range. However, failure to break out may lead to a temporary pullback toward the $2.10–2.11 support zone. Volume confirmation during a breakout will be critical to validating the next leg up.

XRP Price Scenarios: What Could Happen Next?

1. Bullish Case

- SEC formally withdraws its appeal in the Ripple case.

- A final settlement is reached, lifting legal uncertainty.

- Approval of XRP-spot ETFs triggers institutional buying.

- XRP could test $2.5925, the March high, followed by $3.3999 (January high), and potentially reach its record high of $3.5505. With ETF momentum, XRP may even aim for $5.00.

2. Bearish Case

- Delays or lack of SEC action on appeals and ETF approvals.

- Renewed legal wrangling or cross-appeals dampen sentiment.

- A rejection from resistance and declining macro sentiment (e.g., Fed hawkishness or worsening trade tensions) could drag XRP below $2.00, with $1.9299 and $1.50 as potential support levels.

Macroeconomic and Market Conditions

XRP's price action is also influenced by global macroeconomic factors. As tariff tensions between the U.S. and China escalate, markets have become increasingly volatile.

While equity markets tumbled, Bitcoin (BTC) and other cryptocurrencies have shown relative resilience, bolstering investor confidence in digital assets as alternative stores of value.

BTC, for instance, held near $83,828 after a week of volatility, while XRP outpaced BTC in recent gains. However, both assets are susceptible to changes in US inflation data, Federal Reserve policy, and crypto-related legislation.

Conclusion: XRP Poised at a Pivotal Moment

XRP’s current performance reflects a confluence of legal developments, technical indicators, and institutional momentum. With regulatory guidance under review, settlement talks advancing, and the prospect of ETFs on the horizon, XRP stands at a decisive crossroad.

- Investors should monitor:

- Any official SEC withdrawal of its appeal.

- Progress on Ripple’s settlement terms.

- Announcements regarding XRP ETF applications, especially by BlackRock.

- Broader economic indicators and legislative developments in the U.S.

If these catalysts align, XRP could embark on a significant rally. For now, cautious optimism prevails as the crypto market waits for clarity.

About Bitrue
Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

Bitcoin Price Today! Can BTC Rebounds Above $80,000 Amid Tariff Turmoil? Here’s the Analysis

Bitcoin rebounds above $80,000 after a sharp drop amid U.S. tariff tensions. Explore expert analysis, technical signals like the “death cros...