Bitcoin Gains Momentum, Altcoins Follow Suit

Bitcoin demonstrated a notable recovery on Tuesday, climbing 2.13% to reach $84300 during a rebound from the figures observed earlier today

Key moments:

* Bitcoin prices rose 2.13% on Tuesday, recovering from earlier lows to trade above $84,300.

* Cardano (ADA) and Dogecoin (DOGE) also gained, indicating a broader recovery in the crypto market.

* Tether, the issuer of USDT, purchased 8,888 Bitcoin during Q1 2025, boosting its Bitcoin reserves to land among the top six holders.

Bitcoin prices showed signs of recovery on Tuesday, with the flagship cryptocurrency climbing 2.13% to reach $84,300. This rebound follows a period of persistent volatility that saw Bitcoin struggle to maintain its footing above the $82,500 level earlier today.

As Bitcoin attempts to regain some lost ground, other cryptocurrencies followed suit in displaying gains. Cardano (ADA) appreciated by 2.71%, while Dogecoin (DOGE) rose by a substantial 3.78%, suggesting a broader positive trend in the cryptocurrency market.

This recovery comes after a period of volatility that saw Bitcoin stall in its attempt to break above the $89,000 resistance. After approaching the critical mark last Wednesday, Bitcoin experienced a setback, plummeting to $81,200.

In other developments, blockchain analytics platform Spot On Chain reported that Tether, the issuer of USDT, purchased 8,888 Bitcoin during Q1 2025. This massive acquisition brings Tether’s total Bitcoin reserves to $7.8 billion, landing Tether among the six largest Bitcoin holders.

Meanwhile, Fidelity analysts are optimistic, forecasting that Bitcoin is due for an “acceleration phase.” According to their analysis of Bitcoin’s price pattern, the cryptocurrency is approaching its next growth height.

Highlighting the institutional interest and favorable market conditions that are setting the stage for a major surge, Fidelity’s analysis comes despite the recent volatility that saw Bitcoin prices decline by 12% in 2025’s first quarter.

Many investors remain cautious. Traders will be closely watching to see if U.S. President Donald Trump will announce any new policies, especially regarding tariffs, which could significantly impact market trends.

The upcoming “Liberation Day” on Wednesday will be a crucial factor in determining the immediate direction of Bitcoin and other cryptocurrencies as they react to the unfolding macroeconomic events. Historical trends indicate that Bitcoin’s prices are often affected by the condition of traditional markets, which could spell a period of volatility for crypto assets.