Trump’s tariffs kept the markets on edge throughout the week causing havoc in global stocks. At the start of the week, stocks and crypto saw a sharp drop as new tariffs were looming. But as soon as Trump announced a 90-day pause on the tariffs on all countries except China, the markets swiftly rebounded.
Bitcoin is now back to its $82,000 levels. While there were debates over whether Bitcoin acted like a safe-haven or was it just another risky asset, nevertheless, Bitcoin was more resilient than most assets. Heading into the weekend, according to market intelligence platform Santiment, these trending tokens are leading the charge as crypto discussions heat up.
- Starting with Ethereum, there are discussions going on comparing Ether’s performance to Bitcoin and other crypto currencies. Onchain data showed that there was a massive jump in whale activity as between April 9 and 10, ETH addresses holding 1,000–10,000 ETH rose from 5,376 to 5,417, which is the highest since level since Sept 2023.
However, users have also expressed criticism over its long-term viability due to its declining market dominance and competition from other tokens. Ethereum is currently trading at $1,568 down over 13% in the past week.
- ONDO: Ondo has recently been listed on Binance, one of the top crypto exchanges globally by volume, which has triggered excitement in the community after ONDO was chosen for trading though a community vote. Many investors are optimistic over ONDO’s potential as its trading is all set to begin on April 11, 2025.
- Next up is Solana which is trending as traders focus on its price moves and strategies. SOL is one of the top altcoins which is gaining momentum which is also increasing its visibility and relevance.
Analyst suggests that SOL is testing a key breakout level and could reach $200 if it holds. Besides, there is growing speculations around SOL ETF approval. Bloomberg’s James Seyffart confirmed that the final deadline is October 10 but said there’s some chance that the SEC may act sooner. However, approval by that date is strongly expected.
- Next up is the flagship crypto Bitcoin which is seen as a resilient asset when compared to others. When China revealed a tariff rate of 125% on US goods in response to Trump’s 145% levy, then Gold, which is often perceived as a safe haven shooted up while Bitcoin held its ground and did not panic like stocks.
There are trending discussions going on about investments, trading strategies and market predictions. Several investment strategies are circulation like dollar-cost averaging and how crucial it is to hold onto Bitcoin as a safety net against market volatility. Users are also confident of Bitcoin’s potential growth contrasting it with other crypto currencies like Ether.
Analyst Ali Martinez has highlighted that Bitcoin is breaking above a key resistance level at $82,360. If it could continue rising, then the next target could be $91,500.
- ORCA: This altcoin is trending as it has showed a notable price increase. It also features in the list of daily gainers which gets a lot of attention from crypto traders.
- XCN: Onyxcoin is trending as it is frequently mentioned in crypto investment decisions and predictions. Experts are bullish over the token expecting significant price increases. Traders are excited over its profit potential and are urging other users to act quickly.
