
Bitcoin.com News|Apr 08, 2025 09:12
Crypto markets saw a positive turn on Tuesday, bouncing back as traditional markets recovered from the previous day's tariff-related turmoil! Bitcoin surged over 4%, climbing back above the 75K mark.
Ether also made gains, reaching nearly 1,560, while Ripple's XRP enjoyed an 8% increase, hitting 1.86. Solana rebounded with a 7.6% rise, pushing prices over 107!
In traditional markets, Asian stocks in China and Japan rose as President Trump announced negotiations with Japan to eliminate tariffs. "They have treated the U.S. very poorly on trade," he stated on Truth Social. 🇺🇸
However, the trade war is far from over, with both China and the U.S. retaliating by increasing tariffs on each other's imports. Despite this, Chinese markets saw gains, with Hong Kong's Hang Seng Index climbing over 2%.
Analysts note that Bitcoin is currently trading in line with U.S. indexes, behaving more like a risky tech stock than a stable digital gold hedge. What are your thoughts on Bitcoin's performance amid these market shifts? Let us know! 💬
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