Ahead of Trump's Liberation Day, Crypto Market Is Giving Mixed Signals Today

Ahead of Trump's Liberation Day, the crypto market is giving mixed signals today with Bitcoin price slightly recovering and hovering near $85k level

The crypto market is giving mixed signals today with Bitcoin price slightly recovering and hovering near $85k level while other leading altcoins like ETH and XRP trying to catch up with a bullish momentum.

However, the global trade market is facing increased tension with stock markets worldwide seeing high volatility ahead of Trump’s public announcement of new tariffs against 25+ countries on 2nd April.

Given that Bitcoin is one of the most volatile financial assets, the impact of global trade policies on it will be significant.

At the time of writing, BTC price is currently trading at $84,920 with a 24 hour trading volume of $28.06 billion. It surged 2.11% from the daily low of $83,692 to as high as $85,466 earlier today.

Following Bitcoin, leading altcoins like ETH and XRP are trying to catch up with a bullish momentum while consolidating near key resistance levels. At the time of writing, ETH price is trading at $1,870 and XRP is trading at $2.12 – both showing decent volatility. On the other hand, SOL and BNB are seeing a slight downtrend from their respective past 24 hour highs.

From top gainers, DEXE is leading with surging over 18%, followed by EOS’s 17%, MEW’s 11% and AKT’s 9% gain. Many other altcoins – including RAY, CRO, MKR, SUI, BONK surging nearly 5% in the past 24 hours.

On the other side, KAITO and ZETA both are top losers with shrinking over 11%, followed by IP, SNX and COMP’s 10% decline.

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As per Coinmarketcap data, the global crypto market cap today sits at $2.73 trillion with a 24 hour trading volume of $77.1 billion.