Bitcoin Experiences a Modest Uptick in Value

On April 1, Bitcoin experienced a modest uptick in value across both national and international exchanges. The leading cryptocurrency saw a 2.03 percent increase

Bitcoin price on Monday, April 1, displayed a moderate uptick on both national and international exchanges. The flagship cryptocurrency experienced a 2.03 percent rise over the past 24 hours, trading at around $83,133 ( ₹71 lakh) on global platforms.

In India, Bitcoin’s price increment was 2 percent, with its value seen in the range of $85,992 ( ₹73.5 lakh) to $87,912 ( ₹75 lakh).

Analysts suggest that the recent market volatility, largely driven by international tariff disputes, is likely to continue in the coming days.

Bitcoin’s recent price movement is attributed to a surge in institutional interest, as highlighted by Edul Patel, co-founder and CEO of Mudrex.

Strategy’s significant purchase of $1.9 billion ( ₹16,239 crore) in Bitcoin marks its second-largest acquisition in 2025, signaling a renewed confidence in the cryptocurrency, Patel added.

Further, data from Santiment indicates that 30,000 BTC were withdrawn from exchanges within a week, as pointed out by Mohsin Ismail, market analyst at Delta Exchange.

This suggests that long-term holders are accumulating assets, which could potentially reduce selling pressure and support a reversal in market trends from bear to bull.

Also, Ethereum price displayed a positive shift on Monday, with its value climbing by 1.82 percent to reach $1,837 ( ₹1,57,000) on international exchanges.

In India, Ethereum’s value went up slightly, and its price was seen in the ambit of $1,855 ( ₹1,58,000).

Ethereum is presently encountering resistance at the $1,850 level, as noted by Riya Sehgal, a research analyst at Delta Exchange.

A breakthrough above this price point could be an indication of further recovery. However, despite the recent rally, more volatility is anticipated due to upcoming macroeconomic events.

These events include the release of US employment data and inflation reports, which could exert significant influence on market trends in the near term.

Besides Bitcoin and Ethereum, several other cryptocurrencies reported gains on Tuesday.

Among major cryptocurrencies, Ripple, Binance Coin, Solana, Cardano, and Dogecoin reported gains.

Other cryptocurrencies like Tron, Chainlink, Avalanche, Litecoin, Polkadot, Bitcoin Cash, Monero, and Uniswap also displayed small increases.

This contribution helped the market valuation to rise by 1.37 percent, bringing the total crypto market cap to $2.68 trillion ( ₹229,11,407 crore). Bitcoin’s market share stands at 64 percent.

However, some cryptocurrencies like Tether, Binance Coin, Stellar, and Litecoin faced minor losses, along with Near Protocol and Cronos.

According to Avinash Shekhar, CEO of Pi42, Bitcoin is likely to maintain stability around the $82,000 ( ₹70 lakh) mark.

He predicts potential rises for ADA, TON, and TRX, whereas USDT, SOL, and USDC may see losses.

Shekhar added that altcoins are exhibiting erratic performance, struggling to reach an equilibrium.

Hence, high market volatility is to be expected as traders react to macroeconomic changes and liquidity shifts, ultimately impacting the price movements of cryptocurrencies.