Bitcoin Holds Steady Amid Global Uncertainty: Crypto Markets Flash Strength

 

Market Overview

As of April 10, 2025, the cryptocurrency market continues to demonstrate resilience despite ongoing global economic uncertainty. The total market capitalization has edged up by 0.13% over the past 24 hours, reaching $2.93 trillion. Bitcoin (BTC) maintains a dominant 60.53% market share, supported by a robust daily trading volume of approximately $33 billion. While yesterday’s rally has slightly cooled, overall sentiment remains bullish, fueled by institutional confidence and shifting regulatory dynamics.

 

 

Bitcoin reached a peak of $88,758 before retreating slightly to $85,943. Ethereum and Solana led the altcoin surge, while Tron showed more modest gains.

 

Top Developments

 

Bitcoin Shows Strength as Global Tensions Ease

Following a dip to $79,000 on April 7, Bitcoin bounced back to $85,943 by April 10. Analysts point to its growing perception as a safe haven amid traditional market volatility. Bitcoin is increasingly being viewed as a hedge, particularly by U.S.-based investors navigating international trade disruptions.

 

Trump’s Tariff Freeze Sparks Market Optimism

President Donald Trump’s announcement on April 9 of a 90-day suspension of most tariffs has eased fears of an impending trade war. The news spurred a risk-on rally across financial markets, briefly pushing Bitcoin to $88,758 before settling. This pause continues to drive optimism, with potential for further gains if global stability persists.

 

MicroStrategy Expands Bitcoin Holdings

MicroStrategy reaffirmed its commitment to Bitcoin by acquiring an additional 22,048 BTC valued at $584 million. This significant investment highlights the continued institutional belief in Bitcoin as a long-term store of value, bolstering market sentiment.

 

Altcoins Post Mixed Gains

While Bitcoin stabilizes, altcoins show varied momentum:

 

Ethereum (ETH) climbed 11.76% to $1,713 after bottoming out at $1,410 earlier this week.

 

Solana (SOL) jumped 12.18% to $123, supported by renewed ecosystem activity.

 

XRP gained 11.47% to $2.12, rebounding after a sharp correction from its January high.

 

Dogecoin (DOGE) rose 11.71% to $0.17, while BNB and Tron (TRX) posted smaller gains of 4.05% and 2.22%, respectively.

 

 

DOJ Restructures Crypto Oversight

In a notable policy shift, the U.S. Department of Justice dissolved its National Cryptocurrency Enforcement Team on April 8. Future investigations will focus primarily on fraud, narcotics, and terrorism financing. The move signals a more relaxed regulatory stance, potentially reducing legal pressure on the broader crypto industry.

 

Stablecoins Dominate Transaction Volume

Stablecoins now account for 95.2% of all crypto transaction volume, with daily activity hitting $79.92 billion. Their dominance underscores their pivotal role in providing liquidity and maintaining stability within the crypto economy.

 

Expert Commentary

 

Vikram Subburaj (Giottus CEO): “Bitcoin holding above $86,000 is critical to maintaining bullish momentum.”

 

Sathvik Vishwanath (Unocoin CEO): “Accumulation patterns are forming, but global risks warrant caution.”

 

Avinash Shekhar (Pi42 CEO): “Bitcoin dominance is rising, though Ethereum continues to lag and XRP remains volatile.”

 

 

Technical Outlook

 

Bitcoin (BTC): Key support lies at $86,000, with a breakdown toward $83,500 potentially weakening the bullish structure. Resistance is expected between $88,000 and $90,000.

 

Altcoins

Largely follow BTC’s lead, with additional upside possible if institutional sentiment strengthens into summer 2025.