TL;DR
- The crypto market rebounded after Trump’s tariff pause announcement, triggering aggressive buying following several red days.
- Bitcoin recovered the $82,000 mark with a 5% jump, while Ethereum rose 2.4% and major altcoins also moved higher.
- Analysts project a short-term range between $80,000 and $85,000 for BTC but warn of potential corrections if macro uncertainty returns.
The crypto market once again showed signs of strength. After several days of trading lower, Bitcoin, Ethereum, and many altcoins turned green.
The rebound followed a volatile session in which prices plummeted, mirroring the bearish trend in traditional markets. The overall improvement came in response to President Donald Trump’s decision to pause the application of new tariffs for 90 days, although existing measures against China remain in place.
The news brought temporary relief among traders, who reacted with aggressive buying after days of losses. Bitcoin (BTC) managed to regain the $82,000 level. Analysts from Bitget highlighted the 5% surge in BTC price following the announcement and noted that interest from institutional investors and long-term holders continues to act as support.
The Crypto Market Turns Green
Ethereum (ETH), meanwhile, climbed 2.4% and is trading slightly above $1,550 per unit. However, it still shows a 12% drop over the past week. On the other hand, XRP (XRP) trades at $2 per token and posted a daily gain of 3.3%. BNB (BNB) rose 2.85% and currently sits at around $584 per unit. Solana (SOL) had a highly successful day, reaching $119 after gaining over 9%. The memecoin Dogecoin (DOGE) climbed 5.5% and is priced at approximately $0.1587. Finally, Cardano (ADA) gained 5% and surpassed $0.62 per unit.
From RabbitX, CEO Ming Wu explained that the tariff policy pause reduced immediate pressure on risk assets. He also noted that the previous drop had pushed many instruments into oversold territory, prompting a swift response from buyers. This combination fueled a short squeeze effect that amplified the technical rebound.
Short-Term Forecasts for Bitcoin
In the short term, analysts believe Bitcoin’s price could fluctuate between $80,000 and $85,000, with a potential upward trend if market appetite remains strong. Should macroeconomic concerns resurface, a correction toward $78,000 is expected. The market continues to watch the trade war developments and key technical indicators closely.
