Market

Bitcoin Finally Rallies Following Lengthy Slump

Bitcoin (BTC) continued its gradual climb over the past 24 hours, hitting $86,000 for the first time since April 2nd.

Haider Jamal
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.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.