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.
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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:
- April 2: ADP Non-Farm Employment Change
- April 3: Potential announcement on the SEC vs Ripple case
- April 4: Fed Chair Jerome Powell delivers a key speech on interest rates
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:
- Trump’s tariff announcement
- The Ripple-SEC legal battle
- U.S. employment data and Powell’s interest rate comments
Short-term momentum is bullish, but the next few days will determine whether crypto continues to climb or experiences turbulence.
