BTC & Altcoins Rebound After Bloodbath, What’s Happening?
The post BTC & Altcoins Rebound After Bloodbath, What’s Happening? appeared on BitcoinEthereumNews.com.
Crypto Highlights This Week: Bitcoin and other major tokens have finally rebounded after a massive bloodbath witnessed over the past week. BTC price recovered and gained a hold above $84K following a crash to as low as $74K in the past 7 days. Simultaneously, other tokens like ETH, Solana, and XRP also illustrated a price rebound, keeping investors slightly hopeful about future movements amid macro uncertainty. Following immense macro heat fueled by Donald Trump’s tariffs saga, risk assets have recovered amid a halt on newly imposed tariffs and other developments. Mentioned below are some of the top crypto market updates reported by CoinGape Media over the past week. Weekly Crypto Highlights: BTC & Altcoins Recover As of press time, BTC price exchanged hands considerably above $84K, up by nearly 1.5% in the past seven days. Further, ETH, SOL, and XRP prices gained roughly 2%-7% over the week. This recovery-like movement comes against the backdrop of a stockpile of optimistic developments. Notably, macro pressure on risk assets like crypto lessened slightly as the U.S. CPI came in cooler than Wall Street expectations this week. US CPI cooled to 2.4% in March, offering the crypto market some relief after turmoil caused by Trump’s Tariff policy. On the other hand, Donald Trump recently announced that tech products will be exempted from China tariffs. While an already ongoing halt on the newly imposed tariffs has offered the market some relief, this news has further garnered investor curiosity, lessening trade war tensions. However, BlackRock CEO Larry Fink rattled the broader market recently by warning of a looming U.S. recession soon. Given this happens, cryptocurrencies could leverage substantially as the U.S. Federal Reserve will move to inject more liquidity in order to stimulate the economy. Other Major Highlights This Week Additionally, whale activity across the broader…
Filed under: News - @ April 13, 2025 6:17 am