Bitcoin and the broader crypto market are showing signs of recovery, mirroring a strong rebound in the U.S. stock market as trade tensions ease.
After a turbulent period fueled by renewed trade concerns—which pushed Bitcoin to yearly lows and wiped trillions from U.S. equities—markets are staging a sharp comeback today, April 8, 2025.
**US Stock Market Jumps $2T at Open**
The U.S. stock market opened with a massive rally, recovering nearly $2 trillion in market capitalization, according to market commentator Mario Nawfal. This surge follows steep losses last week after former President Donald Trump announced new tariffs.
Key indices posted strong gains:
- Dow Jones up 3.2% (up ~1,238 points)
- S&P 500 up 3.4%
- Nasdaq up 3.6% (led by tech stocks)
The rebound was fueled by reports that trade partners, including Japan and Indonesia, are negotiating concessions to avoid the proposed tariffs.
Tech stocks led the charge, with Tesla and Nvidia each surging over 6%, while Amazon and Microsoft also saw strong momentum. Meanwhile, healthcare and retail stocks gained on positive earnings and policy updates.
**Bitcoin and Crypto Market Recovery**
The crypto market is also rebounding, though more modestly. The total crypto market cap rose 1.42% to $2.51 trillion, recovering from yesterday’s low of $2.31 trillion (the lowest since November 2024).
Top Gainers:
- Bitcoin (BTC) up 0.61% – now at $79,935 (testing $80K resistance)
- XRP up 0.95% – nearing $2 at $1.9495
- Cardano (ADA) up 6.31% – trading at $0.6152
- Solana (SOL) up 2.67% – at $110.56
- BNB up 0.56% – now $564.03
Ethereum (ETH) was the only top-10 crypto in the red, down 0.7%, as short-term sentiment weakens.
**Analysts Predict a Strong Bitcoin Rally**
Market experts are bullish on Bitcoin’s recovery potential:
- Carl Moon expects a "huge bounce" for BTC.
- Philip forecasts a rally to $170K–$220K in the coming months.
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Disclaimer: This content is for informational purposes only and not financial advice. Conduct your own research before investing. The Crypto Basic is not liable for any financial losses.
