The cryptocurrency market exhibits resilience as Bitcoin and select altcoins hold their ground amid looming global trade tensions. Despite significant fluctuations in traditional markets following U.S. tariff announcements, Bitcoin has
In recent developments reported by COINOTAG News, UK Prime Minister Rishi Sunak is actively pursuing a pivotal trade agreement with the Trump administration, potentially involving significant tariff reductions. Following the
Circle Internet Financial, the issuer of the USDC stablecoin, has delayed its plans for an initial public offering due to current market volatility. The company had been preparing to go public on the New York Stock Exchange under the ticker symbol “CRCL,” with JPMorgan Chase & Co. and Citigroup Inc. as lead underwriters. But, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” according to the Wall Street Journal. This postponement aligns with a broader trend of companies reassessing IPO timelines amid economic uncertainties. Circle confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission in January 2024, following a previously unsuccessful attempt to go public via a special purpose acquisition company merger in 2022. Despite the current delay, Circle’s CEO, Jeremy Allaire, emphasized the company’s commitment to becoming a publicly traded entity. In an interview with Bloomberg, Allaire stated , “We are very committed to the path of going public. We think we can be a really interesting company in public markets.” You might also like: XRP, ADA crash after Trump tariffs, traders race to this altcoin breaking records in March Tariff uncertainty The decision to delay the IPO reflects broader market conditions, with several companies reevaluating their public offering plans amid heightened market volatility. Markets reacted swiftly to Trump’s tariff announcements, with U.S. small caps leading a broad equity sell-off and crypto weakening. The U.S. dollar declined against major currencies, while the yield curve bull-flattened, signaling increased recession fears. Nansen analysts believe that markets had priced in a stagflationary scenario, anticipating stagnant growth alongside rising inflationary pressures. You might also like: U.S. markets wipe out $9.6t as Bitcoin shows some resilience
Ethereum’s recent market behavior raises eyebrows, as aggressive whale inflows hint at a possible reversal as Q2 approaches. Ethereum is mirroring its 2023-style breakout cycle, with smart money further supporting
Bitcoin ( BTC ) price has managed to stay above the $80,000 level as volatility wrecked US stock markets on April 3 and April 4. The failure of the bears to capitalize on the opportunity shows a lack of selling at lower levels. Risky assets were rattled after US President Donald Trump announced reciprocal tariffs on several countries on April 2. The fall in the US markets deepened on April 4 after China announced a retaliatory tariff of 34% on all imported US goods starting April 10. While several market participants are concerned about the near-term impact of tariffs, BitMEX co-founder Arthur Hayes said he loves tariffs since he expects them to be positive for Bitcoin and gold in the medium term. Crypto market data daily view. Source: Coin360 On the more cautious side was market commentator Byzantine General, who said in a post on X that the cryptocurrency market’s upside would be limited due to possible tariff responses. Capriole Investments founder Charles Edwards said in his analysis that Bitcoin would turn bullish on a break and close above $91,000 . If that does not happen, he anticipates Bitcoin to fall to the $71,000 zone. Could Bitcoin outperform by staying above $80,000? Will the altcoins crumble? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin rose above the resistance line on April 2, but the long wick on the candlestick shows solid selling at higher levels. The price turned down sharply and broke below the 20-day exponential moving average ($84,483). BTC/USDT daily chart. Source: Cointelegraph/TradingView The bears will have to sink the price below the $80,000 support to strengthen their position. If they do that, the BTC/USDT pair could retest the March 11 low of $76,606. Buyers are expected to defend this level with all their might because a break and close below $76,606 could sink the pair to $73,777 and eventually to $67,000. The crucial resistance to watch out for on the upside is $88,500. A break and close above this level will signal that the corrective phase may be over. The pair could then start its journey toward $95,000. Ether price analysis Ether ( ETH ) has been trading between the $1,754 support and the 20-day EMA ($1,928) for the past few days. ETH/USDT daily chart. Source: Cointelegraph/TradingView That increases the likelihood of a break and close below $1,754. If sellers can pull it off, the ETH/USDT pair could start the next leg of the downtrend to $1,550. A minor positive in favor of the bulls is that the relative strength index (RSI) has formed a positive divergence. That suggests the bearish momentum may be weakening. If the price rebounds off $1,754, the pair could face selling at the 20-day EMA. However, if buyers overcome the obstacle, the pair could rally to $2,111. A short-term trend reversal will be signaled on a close above $2,111. XRP price analysis XRP ( XRP ) bears successfully defended the 20-day EMA ($2.23) on April 2 and pulled the price to the critical support at $2. XRP/USDT daily chart. Source: Cointelegraph/TradingView The downsloping 20-day EMA and the RSI below 44 increase the risk of a break below $2. If that happens, the XRP/USDT pair will complete a bearish head-and-shoulders pattern. The pair has support at $1.77, but if the level gets taken out, the decline could extend to $1.27. Buyers have an uphill task ahead of them if they want to prevent the breakdown. They will have to swiftly push the price above the 50-day simple moving average ($2.37) to clear the path for a relief rally to the resistance line. BNB price analysis BNB ( BNB ) bulls failed to push the price back above the moving averages in the past few days, indicating selling at higher levels. BNB/USDT daily chart. Source: Cointelegraph/TradingView The moving averages have started to turn down, and the RSI is in the negative zone, signaling a minor advantage for the bears. There is support at the 50% Fibonacci retracement level of $575 and next at the 61.8% retracement level of $559. On the upside, the bulls will have to push and maintain the price above the 50-day SMA ($614) to signal a comeback. The BNB/USDT pair may rise to $644, which is a critical overhead resistance to watch out for. If buyers overcome the barrier at $644, the pair may travel to $686. Solana price analysis Solana ( SOL ) rose above the 20-day EMA ($128) on April 2, but the bears sold at higher levels and pulled the price below the $120 support. SOL/USDT daily chart. Source: Cointelegraph/TradingView The downsloping moving averages and the RSI in the negative territory heighten the risk of a break below $110. If that happens, the selling could intensify, and the SOL/USDT pair may plummet to $100 and subsequently to $80. The bulls are unlikely to give up easily and will try to keep the pair inside the $110 to $260 range. Buyers will have to push and maintain the price above $147 to suggest that the selling pressure is reducing. The pair may then ascend to $180. Dogecoin price analysis Dogecoin ( DOGE ) bears thwarted attempts by the bulls to push the price above the 20-day EMA ($0.17) on April 2. DOGE/USDT daily chart. Source: Cointelegraph/TradingView A positive sign in favor of the bulls is that they have not allowed the price to slide below the $0.16 support. A break above the 20-day EMA could push the price to the 50-day SMA ($0.19). Buyers will have to overcome the 50-day SMA to start a rally to $0.24 and later to $0.29. Alternatively, if the price turns down from the moving averages and breaks below $0.16, it will clear the path for a drop to $0.14. Buyers are expected to fiercely defend the $0.14 support because a break below it may sink the DOGE/USDT pair to $0.10. Cardano price analysis Cardano ( ADA ) turned down sharply from the 20-day EMA ($0.69) on April 2 and closed below the uptrend line. ADA/USDT daily chart. Source: Cointelegraph/TradingView The bulls are trying to push the price back above the uptrend line but are likely to face solid selling at the 20-day EMA. If the price turns down from the overhead resistance, the ADA/USDT pair could descend to $0.58 and then to $0.50. This negative view will be invalidated in the near term if the price turns up sharply and breaks above the 50-day SMA ($0.74). That opens the doors for a rally to $0.84, which may attract sellers. Related: Altcoins are set for one last big rally, but just a few will benefit — Analyst Toncoin price analysis Toncoin’s ( TON ) failure to maintain above the $4.14 resistance on April 1 may have tempted short-term traders to book profits. TON/USDT daily chart. Source: Cointelegraph/TradingView The TON/USDT pair broke below the 20-day EMA ($3.65) on April 3, indicating that the bullish momentum is weakening. There is support at $3.32, but if the level cracks, the pair may drop to $2.81. Instead, if the price rebounds off $3.32, the pair could attempt to form a range in the near term. The pair could swing between $3.32 and $4.14 for some time. A break and close above $4.14 will signal that the downtrend may be over. The pair could then jump to $5. UNUS SED LEO price analysis UNUS SED LEO ( LEO ) bears pulled the price below the uptrend line on March 2 but could not sustain the lower levels. That suggests buying at lower levels. LEO/USD daily chart. Source: Cointelegraph/TradingView The 20-day EMA ($9.57) is turning down gradually, and the RSI is in the negative zone, signaling a slight advantage to the bears. If the price turns down from the moving averages, the bears will make one more attempt to sink the LEO/USD pair below the $8.84 support. If they succeed, the pair may tumble to $8. Contrarily, a break above the moving averages opens the doors for a rise to the overhead resistance of $9.90. If buyers pierce the $9.90 resistance, the pair will complete a bullish ascending triangle pattern. The pair may then climb toward the target objective of $12.04. Chainlink price analysis Chainlink ( LINK ) once again turned down from the 20-day EMA ($13.98) on March 2, indicating that the bears continue selling on rallies. LINK/USDT daily chart. Source: Cointelegraph/TradingView The LINK/USDT pair has strong support in the zone between $12 and the support line of the descending channel pattern. A rebound off the support zone will have to rise above the moving averages to signal a stronger recovery toward $17.50. Sellers are likely to have other plans. They will attempt to pull the price below the support line. If they can pull it off, the pair could extend the downtrend toward the crucial support at $10 and, after that, to $8. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
President Donald Trump announced on Truth Social that he spoke with Vietnam’s Communist Party General Secretary To Lam, who offered to cut Vietnam’s tariffs on U.S. goods down to “zero” if an agreement is reached. Trump’s post stated, “Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S.” Trump posted about Vietnam’s ZERO tariffs deal offer. Source: Truth Social Trump and his wife were invited by General Secretary Lam to visit Vietnam again on the same call. Trump added, “I thanked him on behalf of our Country and said I look forward to a meeting in the near future.” The conversation came amid a dramatic shift in U.S. trade policy, as Trump imposed a 46 percent tariff on all goods imported from Vietnam, a rate that will take effect next week. For Vietnam, one of Trump’s top targets, the new 46 percent tariff is among the highest imposed, affecting a market that absorbed US$142 billion of Vietnamese exports in 2024. Nike’s share price increased after Trump’s post. Source: Google Finance The share price of Nike stock rose following Trump’s post. This increase is linked to the fact that about 25 percent of Nike’s footwear is made in Vietnam. Vietnam was optimistic about dodging the US tariff shock. U.S. direct exports to Vietnam were recorded at US$13.1 billion in 2024, a figure that limits Hanoi’s ability to retaliate with its own tariffs. Therefore, Vietnam is leaning towards diplomacy. Moreover, Hanoi has also tried to avoid trade tariffs before. During a recent visit to Washington by Industry and Trade Minister Nguyen Hong Dien, Vietnam secured US$4.15 billion in deals with U.S. firms, including LNG sourcing agreements with Excelerate Energy and ConocoPhillips, as part of a broader US$90.3 billion trade package for 2025–2030. In a swift post-election move, General Secretary To Lam congratulated Trump, further demonstrating Vietnam’s commitment to diplomatic engagement. Moreover Vietnam also made tariff cuts on various U.S. products announced on March 31, seen as pre-emptive moves to meet Trump’s demands for a more balanced trade relationship. The 46% tariff rate has sparked confusion among Vietnamese leaders, especially given the Trump administration’s claim that it reflects a supposed 90% tariff that Vietnam imposes on U.S. products. However, according to World Trade Organization data, Vietnam’s average applied tariff rate stands at 9.4 percent, with trade-weighted averages even lower at 5.1% as shown in a Reuters report . Even when including a 10% value-added tax, criticized by Trump as a hidden barrier, the computation of a 90% rate lacks clear evidence. Treasury Secretary Scott Bessent noted vaguely that each country’s rate “represents their tariffs,” a comment that has only deepened Hanoi’s frustration and uncertainty over the methodology behind the calculation. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The numbers speak for themselves - TVL now barely reaches $94 billion. And that's after a precipitous drop from a peak of $137 billion recorded on December 17 of last year. According to data from DefiLlama, the situation looked even sadder last month, with TVL plunging to a critical $88 billion.The market hasn't seen such a failure in a long time. The Trump effect has evaporated The initial surge in blocked funds in the DeFi sector coincided with a general upswing in the cryptocurrency market following the election of cryptocurrency-centric Donald Trump as president of the U.S. on Nov. 5. Current TVL has actually returned to levels seen during the election, prior to that powerful surge above the $100 billion mark. This drop illustrates how market uncertainty can significantly impact decentralized finance. Both Ethereum and bitcoin have seen a decline in active addresses over the past week, signaling a shift in user confidence amid price corrections, increasing competition from other blockchains, and looming macroeconomic concerns. The Trump-inspired cryptocurrency bull market began to fade as early as the first quarter, when the US president announced sweeping reciprocal tariffs against trading partners. These actions cast a shadow over the positive sentiment surrounding the new administration's cryptocurrency-focused policies. Macroeconomic storm In addition to tariffs, concerns over persistent inflation in the US and a prolonged pause in rate cuts by the Federal Reserve have added to the negative sentiment of market participants. As a result, bitcoin has fallen to $83,000 from its record high above $108,000 in January, while Ethereum has plummeted from its December high of $4,000 to its current price of $1,800. The future of decentralized finance The downturn in the DeFi sector is directly related to the harsh macroeconomic environment, and the decentralized finance ecosystem itself has not yet reached sufficient maturity. While the DeFi ecosystem has evolved markedly over the past few years, it still needs further maturation to build integrations with institutional investors and financial products at competitive rates and with the security guarantees now offered by licensed exchanges. Retail investors may find DeFi less accessible due to complex interfaces, high fees and confusing asset custody practices, while sophisticated traders still rely on the liquidity and tools provided by licensed exchanges. Continued innovation and stabilization of cryptocurrency prices are critical to regaining momentum in the DeFi sector. In the near term, a possible revision of Trump's tariff policy and positive U.S. CPI data next week could contribute to DeFi's recovery through an overall market recovery. Despite short-term fluctuations, decentralized finance maintains a strong long-term position for investors. DeFi is positioned as a potential source of long-term profitability and relatively stable returns for investors, especially as regulators around the world become more loyal to the integration of blockchain technology and real assets from the traditional world into the business models of financial institutions. The network's activity will be a ”guiding light” for crypto asset trading ”I can't be completely sure at this stage, but I believe quality altcoins where activity is coming back and activity is affecting prices ... we will definitely see a recovery in some of these higher quality projects,” Coutts noted. According to data from Dune Analytics, there were more than 36 million altcoins in existence in January. However, Ethereum still holds a large share of the total blockchain value (TVL) at 55.56%, followed by Solana (6.89%), Bitcoin (5.77%), BNB Smart Chain (5.68%) and Tron (5.54%), according to CoinGecko data. Coutts said traders should watch where network activity ”gravitates” and use that as a ”guiding star” for trading crypto assets, adding that he expects the altcoin market to rebound over the next two months. ”I expect altcoins to really start to recover by June, based on the assumption that bitcoin will be back to all-time highs by then.”
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Ethereum’s Pectra upgrade has now been scheduled to go live on the mainnet on May 7, 2025. The announcement was made during a call held by the blockchain’s core developers on April 3. Technical Challenges Pectra is one of Ethereum’s most significant upgrades since the network’s transition to a proof-of-stake consensus mechanism in 2022. It merges the Prague execution layer with the Electra consensus layer and includes 11 Ethereum Improvement Proposals (EIPs) aimed at improving the blockchain’s scalability, efficiency, and usability. Originally planned for March 2025, the changes were postponed due to challenges encountered during testnet implementation. Specifically, the Holesky testnet experienced finality issues, preventing developers from proceeding with the original timeline. Additionally, a minor bug was discovered on the Sepolia testnet in early March, which was identified and resolved before further testing. Developers then launched the Hoodi testnet, successfully running the enhancements without major incidents. This phase led to the confirmation of the May 7, 2025, mainnet deployment date. “We’ll go ahead and lock in May 7 for Pectra on mainnet,” said Ethereum Foundation researcher Alex Stokes during yesterday’s core developers’ call . “Happy Pectra everyone.” Despite recent developments, Ethereum’s market performance has remained weak, with its native ETH token posting its worst first-quarter performance in 7 years. A recent report from CryptoQuant showed that the ecosystem continues to struggle due to low activity, declining transaction fees, and a reduced ETH burn rate, all of which have contributed to increased inflationary pressure on the network. Key Features and Improvements Pectra contains several improvements aimed at making Ethereum more user-friendly and efficient. Key features in the new version include smart contract functionality for wallets, enhanced staking capabilities, account abstraction, privilege management, and the ability to sponsor transaction fees. Account abstraction will allow Externally Owned Accounts (EOAs) to function similarly to smart contract wallets, introducing advanced features such as transaction batching, fee sponsorship, and custom security rules. These improvements are expected to enhance Ethereum’s flexibility, making decentralized applications (dApps) more accessible to users. Petra also increases the validator staking limit from 32 ETH to 2,048 ETH. This change supports larger validators and allows smaller ones to receive compounding rewards. Another addition is Peer Data Availability Sampling (PeerDAS), which reduces costs for layer-2 solutions by allowing nodes to verify large data availability without downloading all of it. The upgrade also includes the Ethereum Virtual Machine (EVM) Object Format, which enhances EVM code to support future functionality on both layer-1 and layer-2 networks. The post Ethereum Sets New Date for Pectra Upgrade After Technical Issues appeared first on CryptoPotato .
BitMEX co-founder Arthur Hayes believes Bitcoin ( BTC ) may remain in an uptrend if it can hold one key level amid the massive selloff roiling the markets. Hayes tells his 662,400 followers on the social media platform X that if Bitcoin holds $76,500 as support over the next two weeks, the flagship crypto asset may start rallying again. “Market no likey ‘Liberation Day,’ if BTC can hold $76,500 between now and US tax day April 15th, then we are out of the woods. Don’t get chopped up!” Hayes believes that US President Donald Trump’s announced tariffs on Wednesday, which Trump dubbed ‘Liberation Day,’ will prompt the Fed to shift to quantitative easing (QE), which has historically been bullish for crypto as an asset class. “Trump’s tariff formula is further evidence he is laser-focused on reversing these [global trade] imbalances. The problem for treasuries is that without [money] foreigners can’t buy bonds. The Fed and banking system must step up to ensure a well-functioning treasury market, which means [an increase in money supply].” He also says that the weakening US dollar may help pump Bitcoin and gold as investors look for a hedge against inflationary pressures. “The [US dollar] is weakening alongside foreigners selling US tech stocks and bringing money home. This is good for BTC and gold over medium term.” Bitcoin is trading for $82,836 at time of writing, flat on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Bitcoin Will Be Out of the Woods if Major Support Level Holds Over Next Two Weeks, Says Arthur Hayes appeared first on The Daily Hodl .