As the cryptocurrency market experienced a massive bloodbath over the past week, Bitcoin and other major tokens have finally rebounded. BTC price recovered and climbed above $84K after crashing to as low as $74K. Other tokens like ETH, Solana, and XRP also showed a price rebound, instilling hope among investors amid macro uncertainty. The positive movement in prices comes amidst a halt on newly imposed tariffs and other optimistic developments.
BTC price was trading above $84K, up nearly 1.5% over the past seven days, while ETH, SOL, and XRP prices also saw gains ranging from 2%-7%. The market pressure on risk assets like crypto lessened as US CPI cooled to 2.4% in March, providing relief after Trump’s tariff policy turmoil. Trump’s announcement of exempting tech products from China tariffs further eased trade war tensions, attracting investor interest. Despite warnings of a looming U.S. recession by BlackRock CEO Larry Fink, cryptocurrencies could benefit from increased liquidity injection by the U.S. Federal Reserve.
Whale activity in the crypto market surged significantly in the past week, signaling renewed market interest amid price recovery. Ripple whales moved $414 million worth of XRP, while Dogecoin whales accumulated 1.83 billion DOGE coins. The massive buying by Dogecoin whales coincided with 21Shares filing for a Dogecoin ETF, indicating market optimism. Japan introducing new crypto regulations also underscored support for the sector, impacting investor sentiment globally.
Overall, the crypto market experienced a rebound after a tumultuous period, with Bitcoin and major tokens showing price improvements. Positive developments such as a halt on tariffs and cooler US CPI contributed to the recovery, easing market pressures. Whale activity surged, with Ripple and Dogecoin whales making significant moves, while Japan’s new crypto regulations showed support for the sector. Despite warnings of a U.S. recession, cryptocurrencies could leverage additional liquidity injections, potentially benefiting from market uncertainties.Investors continue to monitor market developments closely as they navigate through the volatile crypto landscape.
