Crypto Market Update: Bitcoin, Ether, and other altcoin prices have embarked upon a significant upward trajectory following the recent volatility stirred due to Donald Trump’s tariffs. BTC price witnessed a 6% uptick in the past 24 hours, closing in at the $79K level. Whereas ETH price surged nearly 10% to top $1,500. FARTCOIN price skyrocketed roughly 38% to cross the $0.5 mark.

Now, cryptocurrency watchers are left wondering whether the current upswing is signaling an imminent recovery or is it just a short-lived bubble amid the ongoing market uncertainty fueled by Trump’s tariffs.

Crypto Market Upswing Ignites Recovery Sentiments Among Investors

A couple of market analysts have recently posted on X, asserting that the current upswing suggests that a recovery trend is cooking. Besides, some even believe that the massive correction witnessed recently is just a normal part of bull cycles.

Renowned market trader Conor Kenny has said that the broader “market is recovering pretty nicely,” pointing towards today’s upswing.

Source: Conor Kenny, X

Simultaneously, renowned analyst Crypto Rover stated in another X post, “Big corrections are normal during a bull market.” Altogether, with renowned experts showing a strong sense of confidence in the crypto market’s long-term prospects despite the recent volatility, traders and investors sighed in relief amid today’s price pump.

Source: Crypto Rover, X

Bitcoin Price: Here’s What Analysts Predict For The Future

Notably, analyst ‘Crypto Rover’ highlighted in another X post that the Bitcoin CME gap came in at $83,887. This statistic basically suggested that while the Bitcoin futures market was closed on weekends, BTC hit $83K, creating a gap on the futures chart.

Source: Crypto Rover, X

Historically, traders and investors have seen this gap refilled, indicating price trends eventually return to these levels. Asserting on this factor, the analyst says, “SEND IT BACK HIGHER.”

Intriguingly, BTC price has erased nearly 5% weekly amid crypto market uncertainty brewed due to Trump’s tariffs. However, another renowned market analyst took to X, projecting a bullish outlook for Bitcoin.

Market expert Javon Marks said, “BTC’s MACD confirms and is coming off of another hidden bullish divergence.” This statement revealed that the Moving Average Convergence Divergence, a momentum indicator, is signaling a trend shift to bullish.

Source: Javon Marks, X

In addition, renowned expert ‘Titan of Crypto’ revealed in his X post that “BTC bounced perfectly off the bottom line of the Supertrend indicator on the weekly chart.” This analysis hinted that bulls are again in control as the flagship crypto tested major support on the weekly Supertrend chart and bounced back up.

Source: Titan of Crypto, X

The abovementioned analysis of Bitcoin’s price chart indicates that a recovery is brewing, although short-term volatility remains the essence of the crypto market.

Ethereum Price Forecast: Here’s What The Latest Metrics Signal

An Ethereum OG rattled traders and investors by dumping 2,000 coins to Kraken despite ETH’s price showing signs of a recovery today. Data from Lookonchain revealed that an OG wallet revived after nearly 7 years of inactivity to dump $3 million worth of coins into Kraken.

The massive selloff conversely set off bearish sentiments, underscoring the loss of market interest and rising selling for Ethereum. Despite major bear markets in the past 7 years, the OG decided not to sell his holdings. However, uncertainty amid Trump’s tariffs saga has left crypto whales and sharks apprehensive.

The current market sentiment for Ethereum in the wake of this aspect is primarily uncertain. Traders and investors are awaiting a clear reversal signal before re-entering into the crypto market.

However, some also believe the recent market dip to be a perfect time to open new positions and capitalize via a buy-the-dip strategy.

Fartcoin Price Overview: Crypto Market Analyst Says Bulls In Control

Data from Nansen suggested that FARTCOIN has secured a prominent spot on investors’ radars in the interim. Some traders are even cashing out big amid roughly 40% gains taken by the meme token intraday.

Simultaneously, renowned market trader RookieXBT took to X, highlighting that the coin’s volume surged whereas the rest of the market fell apart. The latest metrics for the coin signal that a strong recovery sentiment is brewing, although short-term volatility may be witnessed due to broader trends.

Source: RookieXBT, X

Altogether, the current dynamics suggest that the crypto market’s long-term prospects glimmer with optimism and recovery to previous highs is highly possible despite short-term volatility.

The post Crypto Market Update: Bitcoin +6%, Ethereum +10% Amid Tariff Uncertainty; FARTCOIN Skyrockets +38%, Recovery or Bubble? appeared first on CoinGape.

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Filed under: News - @ April 8, 2025 9:40 am