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.
Why Crypto Market Is Down Today: Will Market Recover After FOMC?
The global crypto market is witnessing a downturn, with the total market cap dropping to $3.47 trillion, reflecting a 1.13% decrease over the past 24 hours. Market trading volume has also shrunk significantly, falling 27.08% to $111.85 billion within the same period. FOMC Meeting and Interest Rate Uncertainty The crypto market crash is driven by anticipation of the 2025 FOMC meeting, as markets historically react negatively before major Federal Reserve decisions. Analysts predict a 99.5% chance of rates staying at 4.25%-4.5%, but an unexpected rate cut could spark a recovery. Strategic selling ahead of the meeting is contributing to the dip. A dovish Fed stance may trigger a Bitcoin rally, while a hawkish stance could lead to further selling pressure in the market. ETF Outflows and Declining Investor Sentiment The latest Spot ETF news indicates institutional investors have reduced their crypto asset exposure. Bitcoin ETFs saw an outflow of $457.48 million on January 27, with nearly 8,000 BTC being liquidated, valued at approximately $800 million. Similarly, Ethereum ETFs witnessed an outflow of $136.25 million, highlighting declining investor interest. These outflows suggest that large-scale investors are cautious, possibly due to macroeconomic uncertainty and the Federal Reserve’s upcoming decisions. As a result, Bitcoin fell to $102,420.24, experiencing a 0.58% intraday drop, while Ethereum slumped to $3,137.80 after a 1080% daily drop in trading volume. Fear and Greed Index Reflects Investor Sentiment Shift The Fear and Greed Index, a critical indicator of market sentiment, currently stands at 50 (Greed) and 53 for yesterday, but a notable decline from last week’s Extreme Greed (66). This decline suggests that investor enthusiasm has cooled significantly, contributing to the ongoing market downturn. A month ago, the index was 65, showing a more stable bullish sentiment. However, the sharp drop from last week’s Extreme Greed indicates that traders are shifting towards caution, likely due to fears of increased volatility stemming from the FOMC meeting 2025 and ETF outflows. Historically, when the index moves downward from extreme levels, it often correlates with a crypto crash or market correction. Read more: 24 Hours Price Analysis: Is LUNC Primed for a Comeback? Key Indicators Suggest a Reversal Could Be Near Despite Showing 8.59% Dip Will the Crypto Market Recover? While short-term volatility is expected, a potential dovish stance from the Federal Reserve could catalyse Bitcoin and other cryptocurrencies to rebound. If ETFs regain inflows and investor sentiment improves, the market could stabilize and reverse its downward trajectory. For now, the crypto market remains at a critical juncture. The upcoming Fed Meeting news will determine whether Bitcoin, Ethereum, and other assets will recover or face further corrections.
How to Purchase Amazon Gift Cards Using Bitcoin and Other Cryptos
How to Purchase Amazon Gift Cards Using Bitcoin and other cryptos has become an increasingly popular way for cryptocurrency holders to purchase on the world’s largest online marketplace. With the rise of digital currencies like Bitcoin, Ethereum, and others, buying Amazon gift cards provides a seamless way to convert your crypto into real-world purchasing power. This guide will walk you through the steps of using your Bitcoin or other cryptocurrencies to get an Amazon gift card, making your shopping experience both convenient and crypto-friendly. Learning about Bitcoin and Amazon Gift Cards Bitcoin, the pioneering cryptocurrency, has reshaped the digital financial landscape since its inception. Amazon gift cards, on the other hand, provide a versatile means of purchasing goods on the world’s largest online marketplace. Combining these two entities allows users to leverage their crypto assets for everyday purchases, offering convenience and flexibility. 6 Reasons to Buy Amazon Gift Card with Crypto Where to Buy Amazon Gift Cards with Crypto Several reputable platforms facilitate the purchase of Amazon gift cards using Bitcoin and other cryptocurrencies. Here are some popular options: Platform Description LocalBitcoins A peer-to-peer marketplace that allows users to buy and sell Bitcoin and use it to purchase Amazon gift cards from other users. Prestmit A peer-to-peer trading platform is known for its wide range of supported cryptocurrencies and secure transaction process for purchasing Amazon gift cards. Bitvalve A decentralized P2P cryptocurrency exchange that supports multiple cryptocurrencies and allows users to buy Amazon gift cards securely. Remitano A peer-to-peer trading platform known for its wide range of supported cryptocurrencies and secure transaction process for purchasing Amazon gift cards. Coinsbee Amazon is a dedicated platform for buying gift cards with cryptocurrencies. It offers a straightforward process to obtain Amazon gift cards with Bitcoin and other digital currencies. These platforms provide various options for acquiring Amazon gift cards using your preferred cryptocurrency, each with its own unique features and benefits. Final Thoughts Buying Amazon gift cards with Bitcoin and cryptocurrencies offers users a world of opportunities, providing convenience, security, and flexibility in their online shopping experience. By following this step-by-step guide, crypto enthusiasts can seamlessly integrate their digital assets into the world of e-commerce. Leveraging the available platforms can also unlock a new realm of possibilities in the process. FAQs Can I use Bitcoin to buy Amazon gift cards? You can buy Amazon gift cards with crypto and Bitcoin. Although Amazon does not directly accept Bitcoin or other cryptocurrencies, you can purchase Amazon gift cards through third-party platforms that facilitate transactions with digital currencies. These platforms allow you to convert bitcoins and other cryptos into Amazon gift cards seamlessly. How do I buy an Amazon gift card with Bitcoin?To buy an Amazon gift card with Bitcoin, choose a reliable platform like LocalBitcoins, Prestmit, Bitvalve, Remitano, or Coinsbee. Select the desired denomination, complete the transaction with your Bitcoin, and receive the gift card code via email.
Bitcoin or Ethereum? Exploring the Unique Features of Each
Bitcoin or Ethereum? Understanding the difference between Bitcoin and Ethereum and their complementary roles can help investors make informed decisions and effectively diversify their crypto portfolios. Bitcoin and Ethereum dominate the world of cryptocurrencies. Both are groundbreaking digital assets, yet they serve different purposes and have unique features that set them apart. This article delves into each, providing crypto enthusiasts and financial investors with a clear understanding of each. What is Bitcoin? Bitcoin, launched in January 2009, was the first cryptocurrency to be introduced. Often called “digital gold,” Bitcoin was designed as a digital currency operating independently of any central authority. It primarily serves as a store of value and a medium of exchange, facilitating transactions without a central intermediary. Bitcoin transactions are verified using a consensus algorithm called Proof of Work (PoW). This process involves miners solving complex mathematical puzzles to broadcast, store, and confirm transactions. What is Ethereum? Ethereum, introduced in 2015, is more than just a digital currency. It is a decentralized platform that enables the development and execution of smart contracts and decentralized applications (dApps). Ethereum’s native cryptocurrency, Ether (ETH), powers these operations. Unlike Bitcoin, Ethereum allows for transactions that contain executable code, enabling the creation of smart contracts and dApps. Ethereum uses a consensus mechanism called Proof of Stake (PoS), which it began transitioning to in December 2020 with the launch of the Beacon Chain. Key Differences Between Bitcoin and Ethereum Here is a tabulated summary of the differences between Bitcoin and Ethereum: Aspect Bitcoin Ethereum Launch Year 2009 2015 Primary Purpose Digital currency, store of value Platform for dApps and smart contracts Native Cryptocurrency Bitcoin (BTC) Ether (ETH) Consensus Mechanism Proof of Work (PoW) Transitioning to Proof of Stake (PoS) Block Time ~10 minutes ~15 seconds Supply Cap 21 million BTC No hard cap, managed through burning Main Use Case Monetary transactions Executing smart contracts, running dApps Energy Consumption High (energy-intensive mining) Lower (staking requires less energy) Scarcity Fixed supply leading to perceived scarcity Supply can be inflationary but managed Transaction Speed Slower, approx. 7 transactions per second Faster, approx. 30 transactions per second Network Upgrades Less frequent Frequent upgrades (e.g., transitioning to PoS) Smart Contract Support No Yes Use in DeFi Limited Extensive Market Position Often referred to as “digital gold” Referred to as “digital silver” Current Market Focus Store of value, digital currency dApps, DeFi, NFTs This table highlights the core differences between Bitcoin and Ethereum, helping to illustrate how each plays a unique role within the cryptocurrency ecosystem. Bitcoin and Ethereum: Complementary Roles While they serve different purposes, they are not necessarily competitors. Bitcoin is often seen as a stable asset and a store of value, while Ethereum provides the infrastructure for decentralized applications and smart contracts. Bitcoin can preserve value in a diversified portfolio, whereas Ethereum offers access to the growing world of decentralized finance (DeFi). Here is a tabulated summary of the similarities between Bitcoin and Ethereum: Aspect Similarities Decentralization Both operate on decentralized networks without central authority. Blockchain Technology Both use blockchain technology to record and verify transactions. Cryptographic Security Both are secured by cryptographic algorithms, ensuring transaction integrity and security. Digital Assets Both have native cryptocurrencies (Bitcoin for Bitcoin, Ether for Ethereum). Public Ledger Transactions are recorded on a public ledger that anyone can view. Transaction Verification Both require transactions to be verified and added to the blockchain by network participants (miners for Bitcoin, validators for Ethereum PoS). Immutability Once transactions are added to the blockchain, they cannot be altered. Global Accessibility Both can be accessed and used by anyone with an internet connection worldwide. High Volatility Both experience significant price volatility, attracting investors with high risk tolerance. Investment Options Both experience significant price volatility, attracting investors with a high-risk tolerance. Financial Inclusion Both aim to provide financial services to unbanked and underbanked populations. Innovation Leaders Both are seen as leaders in the cryptocurrency space, driving innovation and adoption. The above table highlights similarities to the foundational aspects shared by Bitcoin and Ethereum. Investing in Bitcoin and Ethereum These cryptocurrenies have been exceptional long-term investments but come with high volatility. Investors can buy Bitcoin and Ether on cryptocurrency exchanges like Coinbase, Gemini, and eToro. They can also invest through brokerage accounts that support crypto trading. Additionally, future contracts and ETFs are available for both cryptocurrencies, offering various investment ways based on risk tolerance and investment strategy. Final Thoughts Bitcoin and Ethereum are the most prominent cryptocurrencies, each with distinct roles and features. Bitcoin serves as a digital currency and store of value, while Ethereum powers decentralized applications and smart contracts. FAQs about Bitcoin and Ethereum 1. What is the primary difference between Bitcoin and Ethereum? Bitcoin is mainly a digital currency and store of value, while Ethereum is a platform for smart contracts and dApps. 2. Which consensus mechanism does Bitcoin use? Bitcoin uses Proof of Work (PoW). 3. Has Ethereum fully transitioned to Proof of Stake (PoS)? Ethereum is still in the process of transitioning to PoS. 4. Can Bitcoin and Ethereum complement each other in a portfolio? Bitcoin can preserve value, while Ethereum provides access to decentralized applications and financial services. 5. Where can I invest in Bitcoin and Ethereum? You can invest in Bitcoin and Ethereum on exchanges like Coinbase, Gemini, and eToro, or through brokerage accounts that support crypto trading.
