{"id":58160,"date":"2025-04-10T06:35:20","date_gmt":"2025-04-10T06:35:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=58160"},"modified":"2025-04-10T06:35:20","modified_gmt":"2025-04-10T06:35:20","slug":"bitcoin-recovers-to-83k-in-crypto-market-bounce-as-trade-tensions-ease","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=58160","title":{"rendered":"Bitcoin Recovers to $83K in Crypto Market Bounce as Trade Tensions Ease\u00a0"},"content":{"rendered":"

Almost $250 billion has reentered spot crypto markets over the past 12 hours or so in reaction to the 90-day pause<\/a> and lowering of reciprocal tariffs by the US president.<\/p>\n

Total market capitalization has returned to $2.7 trillion in a 6% daily gain, recovering almost all losses over the past few days of bleeding out.<\/p>\n

Bitcoin surged more than 8% over the past 24 hours to hit an intraday high of $83,425 during late trading on Wednesday before cooling off a little during Thursday morning\u2019s Asian session.<\/p>\n

The asset has now returned to its month-long range-bound channel in the mid-$80K price zone.<\/p>\n

Analysts Weigh In<\/h2>\n

Technical analyst \u2018Rekt Capital\u2019 observed<\/a> that two exponential moving averages are consolidating in what is still a bull market, for Bitcoin at least.<\/p>\n

They noted that the 21-week EMA represents lower prices as it declines and is currently around $86,500 before adding, \u201cThe declining nature of this EMA will make it easier for BTC to break out.\u201d<\/p>\n

Meanwhile, analyst \u201cMister Crypto\u201d drew comparisons with price movements in 2020, suggesting<\/a> that a large breakout is imminent.<\/p>\n

Stock markets also rallied on the news, with the S&P 500 gaining 9.5% on the day, the Nasdaq up 12%, and the Dow Jones increasing by almost 8%.<\/p>\n

However, not all were convinced it was a good thing, with permabear Peter Schiff chiming in<\/a>, \u201cToday\u2019s US stock market rally is a bear market rally, and likely an opportunity to sell. 10% across-the-board tariffs remain in effect, and there will be heightened risk over the next 90 days.\u201d<\/p>\n

Asymmetric founder Joe McCann opined that markets have already priced in the current situation with tariffs. However, if a deal with China emerges, markets will \u201cexplode,\u201d he said.<\/p>\n

How I\u2019m viewing the market now:<\/p>\n

\u2013 Market was priced for China, EU and everyone else getting tariffed
\n\u2013 Market now pricing only China
\n\u2013 Market not pricing a China deal<\/p>\n

If a China deal comes, market explodes. If it doesn\u2019t, it\u2019s already priced.<\/p>\n

10Y wax max bid by foreigners -\u2026 pic.twitter.com\/GFWN6XsisW<\/a><\/p>\n

\u2014 \u25e2 J\u25cee McCann (@joemccann) April 9, 2025<\/a><\/p>\n\n

Elsewhere on Crypto Markets<\/h2>\n

Ethereum, which fell below<\/a> its 2018 cycle peak on Wednesday, bounced back by 15% in a return to tap $1,680. However, the asset remains weak, with prices at bear market lows.<\/p>\n

Other altcoins showing solid recovery included XRP<\/a>, up 13% to reclaim $2, Solana (SOL) gaining 12% to tap $120, and Dogecoin (DOGE) up a similar amount to top $0.16. Other double-digit gainers today included Cardano, Chainlink, Avalanche, Hedera, and Sui.<\/p>\n

Nevertheless, altseason has yet to materialize for the majority of digital assets, which remain way down from their peak levels in this cycle or the previous.<\/p>\n

The post Bitcoin Recovers to $83K in Crypto Market Bounce as Trade Tensions Ease\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Almost $250 billion has reentered spot crypto markets over the past 12 hours or so in reaction to the 90-day pause and lowering of reciprocal tariffs by the US president. Total market capitalization has returned to $2.7 trillion in a 6% daily gain, recovering almost all losses over the past few days of bleeding out. […]<\/p>\n","protected":false},"author":0,"featured_media":58161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58160"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58160"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/58161"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}