Bitcoin Surges to $88,500 as Tariff Comments and ETF Inflows Boost Market

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25.03.2025 102 times read 0 Comments

Bitcoin Price Surges Amid Tariff Comments and ETF Inflows

Bitcoin prices experienced a significant rise following comments from President Donald Trump regarding the administration's tariff strategy. On Monday afternoon, Bitcoin traded above $88,500, marking an increase from its late Friday level of approximately $84,000. Ethereum also saw gains, climbing to $2,090 from $1,960 over the same period.

Investor's Business Daily reported that the cryptocurrency market's positive momentum was further supported by a rebound in ETF inflows. Analysts have noted that Bitcoin faces a critical resistance level at $86,700, with potential to reach $90,000 if this level is surpassed. Despite these gains, some experts warn of a possible drop to $73,000 in the near future.

"The Fed’s policy orientation could help Bitcoin achieve $110k before it retests $76.5k," stated Arthur Hayes, co-founder of BitMEX.

Source: Investor's Business Daily

Cryptocurrency Price (March 24, 2025) Change
Bitcoin $88,500 +5.36%
Ethereum $2,090 +6.63%

Key Takeaway: Bitcoin and Ethereum prices surged following tariff-related comments and ETF inflow rebounds, with Bitcoin trading above $88,500.

Altcoins Rally Alongside Bitcoin

According to Crypto Times, Bitcoin's bullish momentum has positively impacted the broader cryptocurrency market. Bitcoin traded near $87,300, up 3.5% in the past 24 hours, with a trading volume of $20.79 billion. Ethereum also attempted to break the $2,100 mark, while altcoins like Solana (SOL) surged over 6.5%, trading near $140.

Other notable gainers included XRP, ADA, and DOGE, which rose by 3%, 3%, and 4%, respectively. Meanwhile, tokens like Sonic and Render saw gains of 15%, while Wormhole and Kava were among the top losers, dropping 16% and 7%, respectively.

Top Gainers Percentage Increase
Sonic +15%
Render +15%
Avalanche +12%

Key Takeaway: Altcoins like Solana and XRP followed Bitcoin's upward trend, with significant gains across the market.

Market Confidence Grows Despite Economic Concerns

Punch Newspapers highlighted that Bitcoin reached approximately $87,480, a 3.71% increase, while Ethereum climbed 4.05% to $2,093. The overall cryptocurrency market capitalization rose by 2.94% to $2.84 trillion. Solana emerged as a standout performer, surging over 7% to trade above $139, supported by increased adoption and institutional interest.

Despite looming concerns over U.S. tariffs and key economic data releases, investor confidence in the crypto sector remains strong. Analysts suggest that Bitcoin's next resistance level is $86,700, with potential to reach $90,000.

Source: Punch Newspapers

Key Takeaway: The cryptocurrency market continues to show resilience, with Bitcoin and Solana leading gains amid strong investor confidence.

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