Why Is Crypto Market Up Today: Bullish or Bearish Rally Incoming?

The international crypto market is appearing robust today. According to CoinMarketCap , the market cap is up to $2.72 trillion, and the market cap increased marginally by 0.49% in the past 24 hours. Although the market volume decreased marginally (0.54%) to $76.75 billion, investors appear optimistic. The dominance of Bitcoin is increasing as well, which is currently 61.80%, indicating that it's at the forefront of the rally.

Why Crypto Market is Up Today?

There are a couple of fundamental reasons for the recent spike in crypto prices. To start off, let's discuss the big news — Donald Trump Tariff Announcement . U.S. President Trump is scheduled to reveal a new tariff policy at 4 PM (Washington time) today. The plan may result in a 20% tariff on most imported goods. If this occurs, the price of goods in the U.S. may rise, and thus inflation may increase. In such instances, individuals tend to shift funds into digital assets to safeguard their assets.

Analysts think that the uncertainty regarding inflation and interest rates is driving investors to Bitcoin and other cryptocurrencies. Meanwhile, Bitcoin itself is increasing. It hit $85,000, showing a 1% spike today, with a total market cap of $1.68 trillion.

Source: X

According to analyst Ali Martinez, if Bitcoin crosses the 200-day and 50-day moving averages at $86,200 and $88,300, we could see a strong bullish rally. At the moment, Bitcoin is getting support around $80,400.

Another significant consideration is the Fear and Greed Index, which is at 44 (Fear) currently. It was 47 (Neutral) last week. The index reflects investor sentiment. Fear, most of the time, is an indication of a buying opportunity, and a lot of users might be entering the industry right now with the expectation of a breakout.

Will Crypto Market Crash or Remain Bullish?

There's a lot of uncertainty still in the world of crypto. One of the main issues is the ongoing SEC vs Ripple case . Recently, Ripple CEO Brad Garlinghouse indicated that the SEC is going to drop its appeal. If confirmed on April 3, this could be a big win for XRP and the whole community. But until there's an official statement, doubt remains.

Besides that, today’s Trump tariff announcement could either lift or crash the sector. If it supports businesses and investors, we might see more gains. But if it adds more pressure on the economy, the platform could see a dip.

Also, upcoming events like Fed Chair Powell’s speech on April 4, and the ADP Non-Farm Employment Change on April 2, are very important. These will give more clarity about interest rate plans, which directly affect the crypto project growth and price predictions.

Conclusion

The current crypto listing boost is attributed to investor sentiment, optimism regarding Trump's tariff move, and Bitcoin price strength. Although short-term growth appears positive, the community must remain vigilant. The sector responses to political and economic news are often swift and severe. Watch Trump's meeting, the Ripple SEC case, and major economic releases for now.