Table of Contents:
Bitcoin and Crypto Prices Slide Amid Trade Tariffs and Inflation Concerns
Bitcoin has experienced a significant drop, trading at $82,100, while Ethereum and XRP have also declined to $1,790 and $2.13, respectively. This downturn coincides with a broader market decline, as U.S. stock futures, including the S&P 500 and Nasdaq-100, fell by approximately 0.7% to 0.8%. Dow futures also dropped by 0.55%. The market's reaction is attributed to rising trade tensions and inflation risks, with President Donald Trump’s upcoming tariff announcement on April 2 expected to impose measures on at least 25 countries. Barclays estimates that auto-related tariffs alone could impact over $275 billion in annual imports, while the broader tariff package could generate $600 billion in revenue.
Cryptocurrency investors are shifting their focus to stablecoins and tokenized real-world assets (RWAs) as safe-haven investments. RWAs, which include tokenized real estate and fine art, have reached an all-time high of over $17 billion in early February and are now nearing $20 billion. Analysts predict that RWAs could achieve a $50 billion valuation by 2025 if Bitcoin fails to regain momentum.
"Risk appetite remains muted amid tariff threats from President Trump and ongoing macro uncertainty," said Iliya Kalchev, an analyst at Nexo.
Inflation concerns are also mounting, with the U.S. Commerce Department reporting a 0.4% increase in the core Personal Consumption Expenditures (PCE) Price Index in February, the largest monthly rise in over a year. U.S. consumer sentiment has dropped 20 points to a reading of 57, the lowest outside of a formal recession, according to The Kobeissi Letter.
Cryptocurrency | Price |
---|---|
Bitcoin | $82,100 |
Ethereum | $1,790 |
XRP | $2.13 |
Key Takeaway: The cryptocurrency market is under pressure due to trade tensions and inflation risks, with investors seeking refuge in stablecoins and RWAs. (Source: Yahoo Finance)
Bitcoin Tops $84K Ahead of U.S. Tariffs, Altcoins Show Mixed Trends
Bitcoin has surpassed $84,000 as investors anticipate President Trump’s tariff announcement. Altcoins displayed mixed performance, with some gaining up to 6%. The market remains volatile as traders assess the potential impact of the tariffs on global trade and the economy.
Despite the price surge, analysts remain cautious about the sustainability of the rally. The Economic Times highlighted that the upcoming tariffs could either bolster Bitcoin as a hedge against economic uncertainty or lead to further market instability.
Key Takeaway: Bitcoin's price increase to $84,000 reflects market anticipation of U.S. tariffs, but uncertainty persists regarding long-term effects. (Source: The Economic Times)
Bitcoin Price Stagnates Despite Large Purchases by Tether and Strategy
Recent large-scale Bitcoin purchases by Tether and Michael Saylor’s Strategy have failed to significantly impact Bitcoin’s price. Tether acquired $735 million worth of Bitcoin, while Strategy added $1.9 billion to its holdings. Despite these substantial investments, Bitcoin’s price remains stagnant, with analysts suggesting that these purchases were already priced in.
"What we’re seeing right now is a reflection of a maturing market," said Matthew Mena, an analyst at 21Shares.
Bitcoin exchange-traded funds (ETFs) have seen inflows of $200 million last week, following $750 million the week prior. Analysts believe that the lack of price movement may indicate market maturity rather than weakness.
Key Takeaway: Large Bitcoin purchases by major firms have not moved the market, signaling a maturing cryptocurrency landscape. (Source: dlnews.com)
Crypto Tokens Plunge by 50% Due to Possible Trading Bot Glitch
Several cryptocurrency tokens experienced a dramatic 50% drop within a half-hour window on Binance, sparking speculation about a misconfigured trading bot. The event coincided with Binance’s announcement of changes in leverage requirements and margin tiers for perpetual contracts, which may have triggered position adjustments by trading bots.
The incident highlights the risks associated with automated trading systems and the potential for market disruptions. Analysts also noted that the broader crypto market has been under pressure due to global trade tensions and economic uncertainty.
Key Takeaway: A suspected trading bot glitch caused significant volatility, underscoring the risks of automated trading in the crypto market. (Source: PYMNTS.com)
Sources:
- Bitcoin, Crypto Prices Slide as Trade Tariffs and Inflation Risks Grow
- Crypto prices today: Bitcoin tops $84k ahead of US tariffs, altcoins trade mixed
- A worrying signal is flashing for Bitcoin’s price
- Crypto Tokens Fall by 50% After Possible Trading Bot Glitch
- Bitcoin, Ethereum, XRP Price Analysis Ahead of Trump Tariffs
- President Trump's sons join crypto firm Hut 8 to launch bitcoin mining company: CNBC Crypto World
- Ethereum Founder Buterin Funds Swiss Project With 274 ETH—What’s The Agenda?
- Vitalik Buterin Demonstrates New Privacy Pools Feature on Ethereum
- Ethereum To Bitcoin Ratio Hits Record Low—Is Ether In Trouble?
- Can Ethereum win big with data availability?
- Ethereum Could Drop To $1,500 Before Pectra Upgrade, But $8,000 Remains In Sight
- Ethereum Down 40% Since Eric Trump’s Endorsement
- Multiple altcoins crash on April Fools’ day, crypto market holds steady
- The Daily: Tether buys 8,888 BTC, several altcoins suddenly crash on Binance and more
- Here’s why BTC and altcoins like Pepe, EOS, Bonk, Fartcoin are rising
- BTC closes CME gap, prepares for bounce as Altcoins flash early reversal signals
- Sam Price says most altcoins are ‘treacherous,’ shares smarter way to trade memes
- NewsBriefs - Binance addresses sudden drop in ACT token and altcoins, adjusts leverage ratios
- How Donald Trump’s Tariffs Will Impact Bitcoin? Expert Predicts BTC Price Jump to $150K
- Expert Says Don’t Spend Time Worrying About Prices, Predicts Timeline for Bitcoin to $1M Using Power Law
- Bitcoin March 31 daily chart alert - Bulls fade as price uptrend negated
- Bitcoin Slips to $82K, Ethereum Down 11%, XRP Dips 14% – Are These 3 New Altcoins the Best Crypto to Buy Now?
- Crypto Fear & Greed: fear in the markets while Bitcoin is at $82,000
- Bitcoin Bottom In? Analysts Eye $125K as Liquidity Rises
- Ether (ETH) Price Underperforms BTC Price, Slumps to 5-Year Relative Low: Van Straten
- Crypto ETFs See 9 Consecutive Days of Inflows – Will BTC and ETH Make a Strong Comeback?
- Bitcoin (BTC) Records Major Volume Reversal, XRP Doesn't Really Need $2, Did Ethereum (ETH) Forget About $2,000?
- Ethereum OG Sells 2,001 ETH for $3.82M, Netting $8.66M Profit
- Dying Fetus, Within The Ruins, Ov Sulfur, Crossbreed, Etc. Booked For 2025 'Michigan Metal Fest'
- Value per Security
- Ukraine ETC Situation Report #45 (Reporting period: 01/03/2025 to 31/03/2025)
- Rage Against The Machine, Limp Bizkit, Evanescence, etc. songs set for season one of “Devil May Cry”
- [Today's Global Interest Coins] Tether, ACT, USDC, etc.
- Business Monday ETC: March 31, 2025
- Newsmax stock soars, pushing market cap north of $20 billion after shocking IPO success
- Newsmax stock soars, pushing market cap over $16 billion after IPO
- Newsmax More Valuable Than Fox After Shares Surge 180%
- Preliminary Investigation into Price Volatility of Low Market Cap Tokens
- U.S.-Listed BTC Miners Tracked by JPMorgan Shed 25% of Their Market Cap in March
- Will Shiba Inu Price Hit A New All-Time High If It Touches The Market Cap Of Dogecoin? | Bitcoinist.com