Crypto Price Analysis 4-8: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, POLKADOT: DOT, UNISWAP: UNI, FILECOIN: FIL

The crypto market bounced back after a volatile Monday, with Bitcoin (BTC) and other cryptocurrencies registering substantial increases after starting the week in freefall. BTC is up over 6% over the past 24 hours, with the flagship cryptocurrency looking to reclaim $80,000. BTC had plunged to a low of $74,389 on Monday as crypto and stock markets tanked. 

Meanwhile, Ethereum (ETH) has also made a strong recovery, up nearly 9%, and trading at $1,572. ETH bulls will look to build momentum and push towards $1,800. Ripple (XRP) also rebounded strongly, with the price up almost 11% and trading at $1.85. However, despite substantial gains, BTC, ETH, and XRP remain in the red over the weekly timeframe. 

Solana (SOL) also recovered and has reclaimed $100 after an increase of over 11%, and is trading at $108. Dogecoin (DOGE) , Cardano (ADA) , Toncoin (TON) , Chainlink (LINK) , Stellar (XLM) , Hedera (HBAR) , Polkadot (DOT), and Litecoin (LTC) also registered significant increases. As a result, the crypto market cap is up almost 6% and sits at $2.51 trillion. 

Crypto Market Recovers 

The crypto market registered a strong recovery on Tuesday, much to the relief of investors across the globe. BTC bounced back from a low of around $74,300 to its current level above $79,000 as it looks to reclaim $80,000. Whether it will go past $85,000 remains to be seen. Meanwhile, ETH is up almost 9% over the past 24 hours and has reclaimed $1,500 after dropping to a low of $1,474. BTC experienced significant volatility on Monday, falling below $77,000 and then surging past $82,000 before dropping back in the red and slipping below $80,000. Spot Bitcoin ETFs have also registered substantial outflows, reversing a strong inflow streak. 

The broader financial markets, and the US equities markets, which registered a notable decline since February, are also stabilizing. Additionally, the upcoming CPI Data will be crucial for market and investor sentiment. Riya Sehgal, Research Analyst at Delta Exchange stated, 

“A dovish Fed pivot could revitalize institutional appetite for crypto exposure. On the flip side, continued regulatory headwinds or a hawkish stance may extend the current correction phase. For now, the market remains in a wait-and-watch mode, with volatility offering both risk and opportunity.”

Trade War Concerns Still Prevail 

Despite its recovery, the crypto market remains on edge and faces high volatility, as highlighted by Monday’s price action. The market lost a staggering $250 billion from its market capitalization since President Trump’s tariff announcement. While the market has recovered, Trump’s threats of an additional 50% levy on China could put further downward pressure on crypto. BTC plunged below $80,000 on Monday as markets endured a torrid start to the week. Meanwhile, ETH fell below $1,500, a level not seen since March 2023, and SOL plunged below $100 for the first time since January 2024. 

The alarming decline also set off a wave of liquidations across top cryptocurrencies in the derivatives market, with Bitcoin and Ethereum seeing combined liquidations of $640 million. QCP analysts noted, 

“While US equities were already under heavy pressure last week, BTC largely weathered the storm over the weekend. However, that resilience proved short-lived.”

Markets have been jittery since Donald Trump announced that the US would impose an extra 50% tariff on China above the already existing 54% tariff on Chinese goods, taking the total to 104%. President Trump stated the new tariffs would go live if China refused to drop its 34% levy on US goods by April 8. However, a defiant China signaled it would push back, prompting analysts to suggest markets could face additional volatility. A rumor about Trump pausing the tariffs caused a brief rally in crypto and stocks, with the SP rising 400 points while BTC rallied past $80,000. However, the rally lost momentum, and markets tanked after officials clarified there were no plans to pause tariffs. The Kobeissi Letter analysts stated in a post on X, 

“Today, investors displayed how EAGER capital is to rotate back into the market. In a way, investors have been conditioned to buy the dip in stocks over the last 2 years. This goes for both institutional and retail investors. Even in March, capital piled into stocks as the market fell. Now, no one wants to "miss" the bottom if a trade deal is announced.”

Ben Zhou, Arthur Hayes Bullish On Bitcoin 

Ben Zhou, the co-founder and CEO of Bybit, has taken a bullish stance on Bitcoin on Bitcoin, suggesting the flagship cryptocurrency could see capital inflows from China as trade tensions rise. Zhou was referring to a post by BitMEX co-founder Arthur Hayes and posted a response stating, 

“Translation: US vs China Tariff war … China will try to lower RMB to counter the tariff. Historically, whenever RMB drops, a lot of Chinese capital flows into BTC, bullish for BTC.”

Hayes stated that China’s response to sweeping trade tariffs could lead to capital flight to Bitcoin and crypto in general. Hayes had stated, 

“If not the Fed [Federal Reserve], then the PBOC [People’s Bank of China] will give us the Yahtzee ingredients.”

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) has found some stability around the $79,000-$80,000 mark after facing unprecedented volatility on Sunday and Monday. The flagship cryptocurrency is up over 3% over the past 24 hours and is trading at $79,170. BTC saw volatility over the past two sessions as rumors swirled that the White House was mulling a 90-day tariff delay. As a result, markets surged, with BTC surging from a low of around $74,000 to above $80,000. However, White House Press Secretary Caroline Leavitt denied the rumor, calling the news fake. As a result, markets tanked, with BTC retreating below $80,000, significantly lower than levels 24 hours earlier. 

Meanwhile, an analyst has claimed BTC risks a drop to $69,000. BTC plunged below $75,000 for the first time since November, and while it may have made a recovery, it risks further downside if it cannot reclaim key levels soon. BTC ended the weekend below the $80,000 support zone, falling to $78,301 and plunging to a low of $74,389 on Monday. Analyst Daan Crypto Trades noted that BTC has been trading below its bull market support band for the past few weeks. The flagship cryptocurrency attempted to move back above this level but ultimately fell short. The analyst stated, 

“This is a good metric to gauge high timeframe market momentum. So far this cycle, the price has traded below it shortly a few times (2023 2024) but never traded away from it for much more than ~20%.”

Meanwhile, Rekt Capital noted that BTC’s current correction is close to equaling the retracement depth of the Post-Halving pullback of almost 33%. The analyst believes BTC could drop into the $70,000 support before reaching the correction’s bottom. 

“Whenever Bitcoin’s Daily RSI crashed into the sub-28 RSI levels – that wouldn’t necessarily mark out the price bottom. In fact, historically, the actual price bottom would be -0.32% to -8.44% lower than the price when the RSI first bottomed.”

The analyst also outlined key levels BTC must reclaim after closing below the $80,000 support. BTC must recover last week’s close to challenge 2025’s weekly downtrend and hold Sunday’s daily close level of $78,500. 

“Bitcoin failed to daily close above the downtrend. In fact, the price continued to form new Lower Highs in its already extended series of Lower Highs. On the latest rejection, BTC landed into the ~$78,500 lows. Continue to hold this level as support, and BTC has a chance at challenging the $82,500 level in the short term.”

BTC fell to $82,404 last Sunday, ending the weekend on a bearish note. However, the flagship cryptocurrency encountered volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as BTC registered a marginal increase. Bullish sentiment intensified on Tuesday as the price rose over 3%, moving past the 20-day SMA and $85,000 to settle at $85,152. BTC surged to an intraday high of $88,624 on Wednesday as markets rallied. However, it lost momentum after reaching this level, dropping over 3% to go below $85,000 and the 20-day SMA and settling at $82,525.

Source: TradingView

BTC recovered on Thursday despite overwhelming bearish sentiment, registering an increase of 0.82% to $83,199. Buyers retained control on Friday, with the price registering a rise of 0.72% and settling at $84,828. However, buyers lost momentum over the weekend and registered a marginal decline on Saturday. Bearish sentiment intensified on Sunday as global and crypto markets tanked. As a result, BTC plunged over 6%, slipping below $80,000 and settling at $78,301. BTC faced unprecedented volatility as uncertainty about tariffs led to wild price swings. As a result, BTC fell to a low of $74,389 and surged past $80,000 before settling at $79,164. The current session sees BTC marginally down as buyers and sellers struggle to establish control. BTC could drop towards $75,000 if selling pressure increases. On the other hand, buyers will look to regain control and push the price above $80,000.

Ethereum (ETH) Price Analysis

Ethereum (ETH) has registered a marginal recovery during the current session and has reclaimed $1,500 to trade at $1,569. However, it is struggling to get any momentum going, with analysts stating it risks a decline to $1,000 in the face of selling pressure driven by rising DeFi liquidations. The world’s second-largest cryptocurrency plunged over 20%, falling to a low of $1,410 before recovering. According to data from Coinglass, the decline led to over $257 million in liquidations across ETH’s derivatives markets. On-chain data also showed that short-term holders have spearheaded recent selling activity, sending ETH’s realized losses past $500 million.

Increased liquidations across DeFi protocols have also contributed to ETH’s recent decline. Sky, formerly Maker, liquidated a single whale’s collateral of 53,074 ETH worth $74 million, according to data from Lookonchain. Another ETH whale with 220K ETH in collateral added 10K ETH and 3.52M DAI  to reduce the liquidation price to $1,119. If ETH slips below this level, the whale will lose all collateral. Similar liquidation patterns are also visible across Aave.

ETH fell to $1,807 on Sunday to end the weekend on a bearish note. However, it recovered on Monday, registering a marginal increase and settling at $1,822. Bullish sentiment intensified on Tuesday as ETH registered an increase of almost 5% and settled at $1,905. However, it lost momentum on Wednesday, dropping nearly 6%, slipping below $1,900 and settling at $1,794. ETH registered an increase on Thursday, rising over 1% and settling at $1,816. However, it was back in the red on Friday, registering a marginal decline.

Source: TradingView

Price action remained bearish on Saturday as SOL registered another marginal decline and settled at $1,806. Selling pressure intensified on Sunday as markets tanked. As a result, ETH plunged 12.52% and settled at $1,579. Selling pressure persisted on Monday as ETH fell to a low of $1,412. However, it rebounded from this level to reclaim $1,500 and settle at $1,552. The current session sees ETH marginally up as buyers look to build momentum. However, the MACD suggests bears have the upper hand. If selling pressure returns, ETH could see a drop to $1,400. A break below this level could see the price plunge to $1,000.

Solana (SOL) Price Analysis

Solana (SOL) plunged below $100 on Monday, a level not seen since March 2024, as volatility and selling pressure wreaked havoc across markets, adding further pressure on the embattled cryptocurrency. SOL registered a marginal decline on Monday, as it started the previous week on a bearish note. However, it recovered on Tuesday, rising almost 2% and settling at $126. The price rallied to an intraday high of $135 as bullish sentiment intensified. However, it lost momentum after reaching this level and dropped over 7%, slipping below $120 and settling at $117. Sellers retained control on Thursday as the price registered a marginal decline.

Source: TradingView

Despite the selling pressure, SOL recovered on Friday, rising almost 5% to reclaim $120 and settle at $122. Sellers returned to the market over the weekend as SOL dropped nearly 2% on Saturday and settled at $120. Bearish sentiment intensified on Sunday as the price plunged over 12% and settled at $105. Selling pressure persisted on Monday as SOL fell below $100 and settled at $95, a level not seen since March 2024. However, it rebounded from this level to register an increase of 1.05% and settle at $106. The current session sees SOL up almost 2% and trading at $108.

Ripple (XRP) Price Analysis

Ripple (XRP) is struggling to recover after plunging to a low of $1.61 on Monday. Bearish sentiment around the asset has intensified over the past few days, pressuring a price already trading downwards. XRP fell over 2% on Monday, falling to $2.08. However, it recovered on Tuesday, rising 2.35% to $2.13. The price raced to an intraday high of $2.23 on Wednesday as buyers attempted a move past the 20-day SMA. However, XRP lost momentum after reaching this level and fell over 5% to $2.02. The price recovered on Thursday despite overwhelming selling pressure to register an increase of almost 2% and settle at $2.06. Buyers retained control on Friday, with the price rising over 3% and settling at $2.12.

Source: TradingView

The weekend began positively as XRP registered an increase of almost 1% and settled at $2.14. However, sentiment changed on Sunday as XRP plunged over 10%, slipping below $2 and settling at $1.92. Bearish sentiment intensified on Friday as XRP went below the 200-day SMA, falling to an intraday low of $1.61. However, it rebounded from this level to move above the moving average and settle at $1.89, ultimately registering a drop of 1.22%. The current session sees XRP marginally down as buyers and sellers struggle to establish control.

Polkadot (DOT) Price Analysis

Polkadot (DOT) has been trading in the red since Friday as bearish pressure around the altcoin registered a dramatic increase. DOT started the previous week with a drop of 0.50% but recovered on Tuesday, rising almost 4% and settling at $4.18. However, it was back in the red on Wednesday, dropping over 5%, slipping below $4 and settling at $3.96. DOT was back in positive territory on Thursday, rising 2.27% to reclaim $4 and settle at $4.05, but fell back on Friday, registering a marginal decline and settling at $4.03.

Source: TradingView

Price action remained bearish over the weekend as DOT registered a drop of almost 2% on Saturday. Selling pressure intensified on Sunday as the price fell over 7%, slipping below $4 and settling at $3.68. Selling pressure intensified on Monday as DOT plunged to a low of $3.29 on Monday. It recovered from this level to settle at $3.59, ultimately registering a decline of 2.45%. The current session sees DOT marginally up as buyers and sellers struggle to establish control. Buyers will look to retain control and push DOT back towards $4.

Uniswap (UNI) Price Analysis

Uniswap (UNI) fell below the 20-day SMA last Friday and remained in the red over the weekend. However, it started the previous week in positive territory, registering an increase of 1.53% to $5.96. Buyers retained control on Tuesday as UNI rose over 5%, crossing $6 and settling at $6.27. Despite the positive sentiment, UNI was back in the red on Wednesday, dropping over 7%, slipping below $6 and settling at $5.83. UNI registered marginal increases on Thursday and Friday as buyers prevented a decline, with the price settling at $5.90.

Source: TradingView

However, sentiment changed over the weekend as UNI registered a marginal decline on Saturday and settled at $5.86. Bearish sentiment intensified on Sunday as UNI plunged over 13%, slipping below a key support level and settling at $5.09. UNI experienced considerable volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as UNI registered a marginal increase and moved to %4.12. The current session sees UNI up almost 1% and trading at $5.16. However, with the MACD indicating bears have the upper hand, UNI could see a decline in the short term.

Filecoin (FIL) Price Analysis

Filecoin’s (FIL) price action was relatively muted at the beginning of the previous week, as it registered an increase of 1.25% on Monday and almost 2% on Tuesday to settle at $2.83. However, the price fell nearly 5% on Wednesday as bearish sentiment returned and settled at $2.69. Buyers gained the upper hand on Thursday as the price registered an increase of 1.10%. FIL surged to an intraday high of $3.48 on Friday, moving past the 20 and 50-day SMAs as bullish sentiment intensified. However, it could not stay at this level and settled at $2.76, ultimately registering an increase of 1.44%.

Source: TradingView

Price action turned bearish over the weekend as FIL dropped 2.48% on Saturday. Bearish sentiment intensified on Sunday as FIL plunged almost 12%, slipping below $2.50 and settling at $2.37. The price fell to an intraday low of $2.11 on Monday as selling pressure persisted. However, it recovered from this level to settle at $2/36, ultimately registering a marginal decline. The current session sees FIL down 1.52% as sellers look to drive the price lower.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.