On April 10, 2025, the crypto market experienced notable shifts following former President Trump's announcement of a 90-day pause on tariffs, which contributed to a 4.75% rally. Key metrics highlight significant investor activity, especially in Bitcoin and altcoins like Ripple's XRP, which surged 11% to reclaim the $2 mark. The broader market's attention is now focused on upcoming U.S. CPI data, with inflation expectations set at 2.6% annually; any deviations could result in increased volatility. The Bitcoin reserve on Binance increased sharply by over 22,100 BTC in just two weeks, indicating that traders may be preparing for potential market changes. Furthermore, VanEck’s application to launch the first U.S.-listed Avalanche ETF represents growing institutional interest in altcoins beyond Bitcoin and Ethereum.
While the Official Trump Coin noted a price increase, community sentiment remains cautious, with 34% of holders expressing bearish views. In a related development, the European Securities and Markets Authority (ESMA) remarked that crypto assets currently only account for 1% of total financial assets, suggesting minimal risk to financial stability but emphasizing the need for better regulation. With these factors influencing market dynamics, traders should stay alert as Bitcoin approaches a crucial $90,000 level amid a potential short squeeze on leveraged positions.
While the Official Trump Coin noted a price increase, community sentiment remains cautious, with 34% of holders expressing bearish views. In a related development, the European Securities and Markets Authority (ESMA) remarked that crypto assets currently only account for 1% of total financial assets, suggesting minimal risk to financial stability but emphasizing the need for better regulation. With these factors influencing market dynamics, traders should stay alert as Bitcoin approaches a crucial $90,000 level amid a potential short squeeze on leveraged positions.
