The recent market volatility, triggered by President Donald Trump’s tariff threats, sent global stocks tumbling and the crypto market taking a hit. However, a sudden shift in Trump’s stance, announcing a 90-day pause on tariffs for all countries except China, led to a rebound in markets.
Bitcoin, the flagship cryptocurrency, surged back to the $82,000 level, sparking debates about its status as a safe-haven asset akin to gold. Despite the market chaos, Bitcoin remained relatively stable compared to other investments.
As the weekend approached, crypto enthusiasts turned their attention to trending altcoins. Market intelligence platform Santiment highlighted Ethereum as a top contender, with discussions revolving around its performance relative to Bitcoin and other cryptocurrencies. Ethereum saw a spike in large transactions, indicating increased activity in the network. However, concerns about Ethereum’s market dominance and competition have led to a decline in its price, currently trading at $1,568.
Another altcoin gaining traction is ONDO, which recently got listed on Binance, a major crypto exchange. The listing, following a community vote, has generated optimism among investors, with trading set to commence on April 11, 2025.
Solana (SOL) is also making waves as it approaches a crucial breakout level. Analysts believe SOL could reach $200 if it maintains its current momentum. Speculation about a Solana ETF further adds to the excitement, with expectations of SEC approval by October 10.
Bitcoin continues to showcase its resilience, with discussions around investment strategies like dollar-cost averaging and long-term holding gaining popularity. Analysts point out that Bitcoin has broken above a key resistance level at $82,360, setting the stage for a potential climb to $91,500.
ORCA and XCN are among the top daily gainers, attracting attention from traders seeking short-term opportunities. ORCA has seen a noticeable price increase, while XCN (Onyxcoin) is trading at $0.02081, with bullish sentiment indicating further gains ahead.
In a market filled with uncertainty, staying informed is crucial. By keeping up with breaking news, expert analysis, and real-time updates on Bitcoin, altcoins, DeFi, and NFTs, investors can navigate the ever-evolving crypto landscape effectively. Stay tuned for more updates and insights to make informed decisions in the crypto world.