Bitcoin Surges Over 6% After Trump's 90-Day Tariff Pause — Ethereum, XRP Follow Rally | Trade the Momentum on BuyUcoin

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Published on: Thu 10-Apr-2025 08:18 AM
This images shows BuyUcoin promotional graphic highlighting a major crypto market update. The headline reads: 'Bitcoin Surges Over 6% After Trump's 90-Day Tariff Pause; Ethereum, XRP Follow Rally | Trade the Momentum on BuyUcoin.

Bitcoin Surges Over 6% After Trump's 90-Day Tariff Pause — Ethereum, XRP Follow Rally | Trade the Momentum on BuyUcoin

Market Overview

Cryptocurrency markets witnessed a significant rally after former U.S. President Donald Trump announced a 90-day pause on new tariffs, citing it as a temporary measure to evaluate global economic stability. This geopolitical development sparked investor optimism across both traditional and crypto markets.

Bitcoin (BTC), the leading digital asset, jumped over 6% in 24 hours, crossing the $83,000 mark before correcting slightly. Ethereum (ETH) and XRP followed suit with strong upward momentum, as traders responded positively to the temporary tariff suspension.

As traditional markets recalibrate due to geopolitical easing, cryptocurrencies are increasingly becoming a hedge against policy uncertainty—strengthening their position as alternative assets.

Technical Analysis: Bitcoin (BTC)

  • Current Price: $81,747

  • 24h Change: +5.20%

  • 24h Range: $75,894 – $83,424

  • Market Cap: $1.60 Trillion+

  • Resistance Levels: $83,500, $87,000

  • Support Levels: $78,200, $74,000

  • Indicators:

    • RSI: 64.5 (approaching overbought)

    • MACD: Bullish crossover confirmed

    • 50-Day MA: BTC has reclaimed its 50-DMA, a strong bullish signal

Outlook: A sustained close above $83,000 could trigger a move toward the psychological level of $90,000. However, short-term correction near $78,000 is also possible due to profit-booking.

Technical Analysis: Ethereum (ETH)

  • Current Price: $3,382

  • 24h Change: +7.88%

  • 24h Range: $3,160 – $3,511

  • Resistance Levels: $3,500, $3,700

  • Support Levels: $3,280, $3,100

  • Indicators:

    • RSI: 61.8 (bullish but not overbought)

    • EMA20 vs EMA50: Bullish divergence continuing

    • Volume: Increased by 18%, confirming breakout

Outlook: If Ethereum holds above the $3,380 zone, it could eye a quick surge towards $3,700 in the near term, especially with institutional inflow increasing.

Technical Analysis: XRP

  • Current Price: $1.99

  • 24h Change: +8.74%

  • 24h Range: $1.77 – $2.09

  • Resistance Levels: $2.20, $2.50

  • Support Levels: $1.85, $1.70

  • Indicators:

    • Elliott Wave Projection: Bullish fifth wave in progress

    • Fibonacci Extension: Predicts breakout towards $2.40

    • Momentum: Strong buying volume supports continued rally

Outlook: If XRP continues holding above $1.90, technical models suggest a potential run to $2.50 and even $3.00 in coming weeks.

Why This Matters for Indian Investors

Global macroeconomic shifts like tariff changes often drive capital toward alternative assets. With the U.S. policy stance becoming temporarily dovish, the crypto market is showing resilience and opportunity.

BuyUcoin, one of India’s most trusted cryptocurrency exchanges, allows Indian users to participate in global market moves with easy access to Bitcoin, Ethereum, XRP, and many more digital assets. Whether you’re looking to trade the breakout or invest long-term, BuyUcoin provides a seamless experience backed by advanced security and transparent pricing.

Start Trading on BuyUcoin Today

With the market heating up, now is the time to take advantage of volatility and make informed decisions. Head over to BuyUcoin to start trading, accumulate BTC or ETH on the dips, and stay ahead of the curve with real-time insights and tools.

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