Bitcoin, Ethereum and Solana Prices Seesaw Ahead of Trump’s Tariff Deadline
The post Bitcoin, Ethereum and Solana Prices Seesaw Ahead of Trump’s Tariff Deadline appeared on BitcoinEthereumNews.com.
The price of Bitcoin fell to a two-week low on Monday before recovering some losses, as other major cryptocurrencies also seesawed two days ahead of U.S. President Donald Trump’s deadline to impose steep tariffs. The leading digital asset edged up 1% to $83,465, according to crypto data provider CoinGecko. Ethereum, the second largest crypto by market capitalization, rose 1.1% to about $1,840, while Solana, the sixth largest, climbed 1.4% to over $125. The upturn comes as investors look toward April 2, when Trump plans on announcing the tariffs in a ceremony scheduled for the White House Rose Garden. The crypto market has been teetering amid widespread market jitters as investors reel from Trump’s erratic trade policies. Bitcoin’s price was recently down 23% from its record high of $108,800 set on Trump’s Jan. 20 inauguration day. On Monday, the S&P 500 fell again into correction territory, sinking more than 10% below the market index’s peak in January, before regaining some ground. Bitcoin price fell as low as $81,500 after The Wall Street Journal reported that Trump has recently pushed advisors to be more aggressive on tariffs on Sunday. A week ago, it changed hands around $88,500, as it appeared Trump might impose more limited measures. After tilting toward “Extreme Fear,” or a value of 20 last month, the Crypto Fear & Greed Index, a measure of investor sentiment, has since climbed to “Fear,” or a value of 34. Prediction market traders on MYRIAD foresee an 80% chance that the index will be at 30 or above on Tuesday. (Disclosure: MYRIAD is owned by Decrypt’s parent company, DASTAN.) Ethereum and other altcoins have been hit much harder than Bitcoin since last January, with ETH’s price dropping to a 17-month low of $1,784 on Monday—a 16% fall over the past month. The volatile…
Filed under: News - @ April 1, 2025 1:18 am