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Cryptocurrency News Articles

Bitcoin stabilized on Wednesday due to a slight purchase of cryptocurrency

Apr 02, 2025 at 03:50 pm

This week, the world's largest cryptocurrency has recovered slightly after a significant drop in the first quarter of 2025.

Bitcoin stabilized on Wednesday due to a slight purchase of cryptocurrency

Bitcoin price showed a slight recovery on Wednesday as traders showed some appetite for crypto purchases. However, the market mood remained largely pessimistic ahead of new trade duties from US President Donald Trump, which are set to be introduced on April 2.

As a result, the rest of the cryptocurrency lost in price.

This is reported by UNN with reference to Investing.

This week, the world's largest cryptocurrency has recovered slightly after a significant drop in the first quarter of 2025. But this recovery remains unstable in the face of increased economic risks due to Trump's policies.

The US President is going to announce mutual duties for the main trading partners of the US, as well as publish tariffs on all imports from the US.

Investors are concerned about how Trump's tariffs will affect the economy, so markets are generally risk-averse and put pressure on speculative assets such as Bitcoin.

The price of cryptocurrency today is against the background of expectations of new Trump's duties.

So this morning Bitcoin rose by 1.5% to $84,246.4, and Ethereum rose by 0.8% to $1,857.20. However, the rest of the cryptocurrency mostly lost in price:

Among memcoins, Dogecoin lost 0.3%, and STRUMP remained unchanged.

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Other articles published on Apr 03, 2025