**Weekly Crypto Market Recap: Tariffs Fuel Bitcoin Volatility and Major Ripple Developments**
U.S. President Donald Trump’s recent tariff announcements have triggered significant turbulence in the cryptocurrency markets. Following last week’s “Liberation Day,” where Trump imposed a minimum 10% tax on all countries — with some facing even higher rates — Bitcoin experienced notable price swings. Over the past week, Bitcoin’s value fluctuated, dropping to a five-month low of just over $74,000 on Monday. This was exacerbated by Trump’s threat to raise tariffs on China to 104% if they didn’t withdraw their retaliatory taxes. By midweek, tariffs on other countries were paused, while those against China increased to 125%, causing Bitcoin to surge from under $77,000 to over $83,000, aided by favorable March CPI data. The cryptocurrency now stands at around $82,000, similar to its valuation last Friday.
Ethereum (ETH) also faced a challenging week, plunging to $1,400 and erasing gains from the past seven years, although it has since recovered to $1,570. Other significant cryptocurrencies like XRP, DOGE, TON, ADA, and XLM also saw substantial losses, whereas PI, OKB, and HYPE recorded notable gains.
**Market Overview:**
– Market Cap: $2.7T | 24H Vol: $118B | BTC Dominance: 60.6%
– BTC: $82,450 (-0.2%) | ETH: $1,568 (-13%) | XRP: $2 (-5.5%)
**Key Crypto Headlines:**
– **ETH/BTC Rebuild:** An analyst predicts Ethereum’s silent recovery despite recent harsh losses.
– **Ripple-SEC Settlement:** Ripple and the SEC filed a joint motion, hinting at a possible settlement.
– **BTC Inflows Surge:** Accumulation wallets saw the largest Bitcoin inflow since 2022.
– **Bitcoin Price Prediction:** Charles Hoskinson remains optimistic about Bitcoin, predicting it could reach $250,000 by 2025.
– **Ripple’s IPO Plans:** Ripple’s President announced no immediate IPO plans but revealed a significant $1.25 billion acquisition.
– **Potential Bitcoin Boom:** Arthur Hayes suggests the next Bitcoin rally could be sparked by the US Fed or China’s PBoC.
