The crypto market has been experiencing significant volatility, largely influenced by President Donald Trump’s recent tariff announcements. U.S. crypto stocks and Bitcoin prices dropped earlier this week following the unveiling of sweeping tariffs, which sparked a broader sell-off in riskier assets amid rising global trade tensions. Bitcoin fell to around $81,000 but has since shown resilience, rebounding to approximately $84,000 by Friday, outperforming the stock market, which saw a $3.25 trillion loss on April 4—exceeding the entire crypto market cap of $2.68 trillion. Analysts note Bitcoin’s relative strength, with some suggesting its correlation with stocks may be weakening.
Altcoins are also in focus, with predictions of a potential rally. An analyst from Real Vision suggests “high-quality” altcoins could see a significant upswing within the next two months, driven by network activity trends. Meanwhile, PayPal and Venmo’s recent addition of Chainlink (LINK) and Solana (SOL) to their platforms is seen as a boost for mainstream adoption, potentially increasing the value and utility of these cryptocurrencies.
The Ripple vs. SEC lawsuit continues to unfold, with Judge Torres reportedly frustrated by a surprise filing as the case shifts focus to remedies. The resolution is viewed as a positive for XRP, which remains hardy despite price struggles around the $2 support level, with some analysts forecasting a rally to $5–$8 in 2025 if institutional adoption grows.
The Trump family’s deepening involvement in crypto is making waves. Eric Trump highlighted cryptocurrency as a pragmatic solution for the Trump Organisation, amid plans for a potential stake in Binance’s U.S. arm and the launch of ventures like American Bitcoin and World Liberty Financial. However, their control over the latter, which raised over $500 million, has raised governance concerns and could complicate bipartisan crypto legislation efforts in Congress.
