Crypto Highlights This Week: Bitcoin and other major tokens have finally rebounded after a massive bloodbath witnessed over the past week. BTC price recovered and gained a hold above $84K following a crash to as low as $74K in the past 7 days.
Simultaneously, other tokens like ETH, Solana, and XRP also illustrated a price rebound, keeping investors slightly hopeful about future movements amid macro uncertainty. Following immense macro heat fueled by Donald Trump’s tariffs saga, risk assets have recovered amid a halt on newly imposed tariffs and other developments.
Mentioned below are some of the top crypto market updates reported by CoinGape Media over the past week.
Weekly Crypto Highlights: BTC & Altcoins Recover
As of press time, BTC price exchanged hands considerably above $84K, up by nearly 1.5% in the past seven days. Further, ETH, SOL, and XRP prices gained roughly 2%-7% over the week. This recovery-like movement comes against the backdrop of a stockpile of optimistic developments.
Notably, macro pressure on risk assets like crypto lessened slightly as the U.S. CPI came in cooler than Wall Street expectations this week. US CPI cooled to 2.4% in March, offering the crypto market some relief after turmoil caused by Trump’s Tariff policy.
On the other hand, Donald Trump recently announced that tech products will be exempted from China tariffs. While an already ongoing halt on the newly imposed tariffs has offered the market some relief, this news has further garnered investor curiosity, lessening trade war tensions.
However, BlackRock CEO Larry Fink rattled the broader market recently by warning of a looming U.S. recession soon. Given this happens, cryptocurrencies could leverage substantially as the U.S. Federal Reserve will move to inject more liquidity in order to stimulate the economy.
Other Major Highlights This Week
Additionally, whale activity across the broader crypto market soared remarkably in the past seven days, signaling renewed market interest amid price recovery. CoinGape reported that Ripple whales moved a staggering $414 million worth of XRP over the past week, sparking investor speculations.
Simultaneously, Dogecoin whales were also recorded to have accumulated 1.83 billion DOGE coins over the past week. The massive buying by Dogecoin whales falls in line with 21Shares’ recent filing for a Dogecoin ETF, echoing market optimism.
Another buzz-worthy update over the week includes Japan introducing new crypto regulations, underscoring support for the sector. Mentioned above were the top crypto highlights for this week, which appeared to have considerably impacted investor sentiment globally.
The post Crypto Highlights This Week: BTC & Altcoins Rebound After Bloodbath, What’s Happening? appeared first on CoinGape.