Why Is the Crypto Market Up Today — and Will Trump’s Tariff Speech Trigger a Crash?
Crypto Market Rises as Bitcoin Dominates the Rally According to CoinMarketCap, the global crypto market cap surged to $2.72 trillion today, marking a 0.49% increase in the last 24 hours. While overall trading volume dipped by 0.54% to $76.75 billion, investor sentiment remains upbeat. Bitcoin’s dominance climbed to 61.80%, signaling that BTC is leading the charge. As prices rise, analysts and traders pay close attention to macroeconomic factors that could shape the next move—especially Donald Trump’s upcoming tariff announcement. What’s Fueling the Crypto Surge Today? Several factors have sparked renewed interest in digital assets, but Donald Trump’s tariff plan is taking center stage. The former U.S. President is expected to unveil a 20% tariff on imported goods at 4 PM Washington time. This could lead to higher prices across the U.S. economy, fueling concerns about rising inflation. In times of economic uncertainty, investors often flock to Bitcoin and other cryptocurrencies as a hedge against inflation and fiat devaluation. As the market anticipates the announcement, capital is flowing into digital assets. Read Also: W-Coin Launches April 29 with $100K Lottery: Will… Meanwhile, Bitcoin jumped to $85,000, gaining 1% on the day and pushing its market cap to $1.68 trillion. According to crypto analyst Ali Martinez, it could trigger a powerful bullish breakout if BTC breaks past the 200-day and 50-day moving averages at $86,200 and $88,300. Bitcoin is currently finding support for nearly $80,400, and all eyes are on the next move. Fear and Greed Index Signals Buying Opportunity The Fear and Greed Index sits at 44 (Fear), down from 47 (Neutral) last week. While fear often sounds negative, it can signal a buying opportunity in the crypto world. Many traders interpret this sentiment drop as a chance to enter the market early, before a potential breakout. Could the Market Crash After Trump’s Speech? Despite the optimism, risk still looms. The SEC vs Ripple case is one of the biggest uncertainties in play. Ripple CEO Brad Garlinghouse recently suggested that the SEC might withdraw its appeal, with an official statement expected on April 3. This could boost XRP and send bullish signals across the entire market. But until confirmation comes, traders remain cautious. Trump’s speech could go either way—if the policy supports business growth and investment, crypto could continue its rally. However, if it adds pressure to inflation or creates market tension, the surge could reverse quickly. Upcoming Events to Watch Closely Aside from Trump’s tariff reveal, several major economic events could move the market: Each of these events holds the power to influence crypto adoption, investor behavior, and price projections across top digital assets. Final Thoughts: Bullish for Now, But Eyes on the News The crypto market is enjoying a moment of strength, driven by Bitcoin’s rally, investor sentiment, and anticipation around Trump’s policy direction. However, space is notoriously reactive, especially to geopolitical and economic triggers. To stay ahead, keep a close watch on: Short-term momentum is bullish, but the next few days will determine whether crypto continues to climb or experiences turbulence.
Why Is Crypto Rising and Will It Crash Again? Market Analysis
February’s Consumer Price Index (CPI) inflation data came in lower than expected, driving a bullish sentiment in the crypto market. Analysts had predicted the annual CPI rate to decline from 3.0% in January to 2.9% in February, with core CPI dropping from 3.3% to 3.2%. However, the actual CPI rate fell further to 2.8%, reinforcing the expectation that the Federal Reserve may cut interest rates. A rate cut would weaken the US dollar and boost crypto investments by increasing liquidity in financial markets. Investors anticipate an 85-basis-point rate cut from the Fed this year, making risk assets like Bitcoin and altcoins more attractive. Additionally, the US Producer Price Index (PPI) data, released on March 12 at 12:30 p.m. GMT, has added to the market’s upward momentum as traders bet on looser monetary policies. Bitcoin’s Recovery and Growing Investor Confidence Bitcoin rebounded strongly after a sharp drop on March 11, surging 1.10% intraday to trade at $82,767.64. The price is forming higher lows within a rising wedge pattern, which suggests an 8% breakout potential. Crypto analyst Ali Martinez predicts that if Bitcoin surpasses $84,000, it could rally toward $89,000–$90,000. Markets responded positively to the February CPI report, which showed a 0.2% month-over-month inflation increase, below the expected 0.3%. With inflation cooling, investor sentiment has improved, fueling Bitcoin’s bullish momentum. Traders are watching key resistance levels closely, as breaking above $84,000 could drive further gains. Fear and Greed Index Signals Market Recovery The Fear and Greed Index climbed from Extreme Fear (24) to Fear (34), reflecting a shift in investor sentiment. Historically, extreme fear has created buying opportunities, and traders have taken advantage of the improved market outlook. As confidence returns, Bitcoin and the broader crypto market continue to rise. Will Crypto Crash Again? Factors to Watch Despite the bullish trend, potential risks could trigger volatility in the market. Economic Uncertainty and Trump’s Trade Policies The US recently retracted its plan to double tariffs on Canadian steel and aluminium but still imposed a 25% tariff. Trade tensions could impact the broader economy, affecting risk assets like cryptocurrencies. Investors remain cautious as geopolitical and economic factors evolve. Regulatory Concerns Over XRP ETF Delay Regulatory uncertainty lingers as the US Securities and Exchange Commission (SEC) delays its decision on XRP, Dogecoin, Litecoin, and Solana ETFs. Franklin Templeton’s application for an XRP ETF has increased optimism, but approval likely won’t come until 2025. Analysts estimate a 65% chance of approval next year, but ongoing delays create uncertainty about the crypto market’s stability. Final Thoughts The crypto market is experiencing short-term gains fueled by the lower-than-expected CPI report, Bitcoin’s rebound, and rising investor confidence. However, economic policies, regulatory decisions, and global trade uncertainties remain key factors that could impact market stability. While the current trend looks bullish, traders should stay vigilant as the market navigates potential challenges.
