April 13, 2025
Tariffs Implemented
Earlier in the week, BTC dipped from $84K to under $75K amid global tensions. It rebounded after President Trump paused tariffs on all countries except China, briefly hitting $83,300.
Source: TradingView
Despite a pullback to $79K following China’s response, BTC surged again, peaking at $86K (an 11-day high), before slipping just below $85K. Its market cap now stands at $1.68 trillion, with dominance still above 60%.
Altcoins In The Green
Besides BTC, various altcoins are also rallying. ETH is back above $1,600 after a 3% jump. XRP and SOL gained around 5%, trading near $2.15 and $130. SUI and BCH rose by almost 7%, while PI surged 10% to $0.75 after a month-long decline.
BNB, DOGE, ADA, LINK, and XLM posted smaller gains. The total crypto market cap added over $40 billion overnight, reaching $2.79 trillion.
