Bitcoin’s Wild Ride: From Tariffs to Triumphs! 🚀💰

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Ah, dear reader, while the previous week was a veritable circus of volatility, with trade tensions between the US and China performing their acrobatics, this week, too, has not been without its own peculiarities worthy of our attention.

Let us reminisce: Bitcoin, that capricious creature, concluded last week with a flourish, having plummeted below the $75,000 mark—a five-month low, mind you! But lo and behold, a tariff pause (excluding our dear friend China) sent it soaring like a caffeinated butterfly on Thursday and Friday, landing the digital darling at a cozy $82,000 as the weekend beckoned.

Unlike its predecessor, last weekend was a tad more optimistic, as Bitcoin pirouetted to $85,000 on Sunday evening, only to continue its pirouette on Monday, tapping $86,000 before facing a rather rude rejection. A swift $3,000 drop followed, but our resilient Bitcoin, ever the phoenix, rose again to a multi-week peak of $86,500, only to be met with yet another rejection—oh, the drama!

Wednesday brought a more subdued atmosphere, with Bitcoin attempting to flirt with $86,000, but alas, it was thwarted by the hawkish utterances of Fed Chair Jerome Powell, who, like a stern schoolmaster, warned of the perils of the tariff war.

Yet, Bitcoin remains ensconced in its range, oscillating between $84,000 and $85,000, a comfortable little bubble throughout the week. While some altcoins, such as Bitcoin Cash and Solana, have danced ahead of BTC in the weekly race, the granddaddy of cryptocurrencies has only solidified its market dominance, surpassing the 60% threshold on most data aggregators—much like a nostalgic echo from four years past, but this time with a heftier bag of coins.

Market Data

Market Cap: $2.75T | 24H Vol: $60B | BTC Dominance: 60.9%

BTC: $84,450 (+2.3%) | ETH: $1,585 (+1.2%) | XRP: $2.06 (+3%)

This Week’s Crypto Headlines You Can’t Miss

Bitcoin Whales Have Been Buying ‘Like Never Before:’ Analyst. It seems our aquatic friends, the Bitcoin whales, are on a shopping spree, hoarding between 1,000 and 10,000 BTC over the past two months, despite the price being as stable as a three-legged chair. Confidence is evidently swimming among the deep pockets!

White House Mulls Bitcoin Reserve Backed by Gold and Tariffs. Bo Hines, the Executive Director of the President’s Council of Advisers on Digital Assets, has floated the idea of a national Bitcoin reserve, funded by the ever-reliable government revenue streams—tariffs! Because who doesn’t love a good paradox?

Bitcoin (BTC) May Be Entering a Wait-and-See Phase: Here’s Why. With a realized capitalization of around $872 billion, Bitcoin’s cautious investors seem to be adopting a ‘wait-and-see’ approach, as if they were watching paint dry on a particularly dull wall.

Bitcoin ETFs, Corporate Buyers Are Quietly Stabilizing BTC Prices: Analyst. Despite last week’s rollercoaster, analysts suggest that corporate whales and Bitcoin ETF buyers are the unsung heroes stabilizing the price—like the quiet kid in class who always has the answers.

BASE Token Dumps and Pumps as ‘Content Coins’ Spark Debate. The Ethereum L2, Base, has launched a token called Base is For Everyone (BASE), igniting a debate akin to a family dinner argument over politics, as reports of massive profits swirl around like confetti.

Trump Threatens to Fire Fed Chair as Crypto Traders Wait for FOMO. President Trump, in a fit of pique, has accused Jerome Powell of misreading the economic tea leaves, particularly regarding interest rates and inflation—because nothing says ‘I care’ like a good old-fashioned threat!

Charts

This week, we present a chart analysis of Ethereum, Ripple, Cardano, Hype, and Solana—click here for the complete price analysis, if you dare!

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2025-04-18 20:10