Bitcoin Surges Over 2% to $84,000 Amid Tariff Uncertainty
Bitcoin has risen over 2% today, surpassing $84,000, driven by memecoins and tokens related to AI and gaming. Gold reached a record high of $3,140, while U.S. equity futures indicate a positive market opening.
Key points include:
- The Treasury will reveal its cryptocurrency holdings on April 5, following President Trump's executive order for a strategic crypto reserve.
- Bitcoin's one-year percentage change is nearing negative territory, suggesting potential bearish movements based on historical data.
- Demand for Bitcoin shows significant decline, with negative values recorded in the past year.
- Vana introduced the VRC-20 token standard for secure data transaction management.
- The MOVE Index indicates rising volatility in U.S. Treasuries, which typically reduces demand for risk assets like cryptocurrencies.
Upcoming Events
Crypto:
- April 1: ONINO mainnet launch.
- April 2: U.S. House Financial Services hearing on stablecoin legislation.
- April 5: Alleged birthday of Satoshi Nakamoto.
- April 9: U.S. House Financial Services hearing on digital asset laws.
Macro:
- April 1: PMI data releases for Brazil, Canada, and the U.S.
- April 2: Announcement of reciprocal tariffs by the Trump administration.
Market Movements
Current prices:
- BTC: $84,236.71 (+2.19%)
- ETH: $1,880.62 (+3.34%)
Gold increased by 1.18% to $3,159.80/oz. The DXY remains unchanged at 104.12.
Bitcoin stats include:
- BTC Dominance: 62.18%
- Hashrate: 835.3 EH/s
- Total Fees: 4.9 BTC / $406,290
Technical analysis indicates an upward trend with potential resistance at $87,200.
Derivatives Positioning
Open interest in futures for TON, TRX, HYPE, SHIB, and XMR has risen, while BTC saw a decrease in open bets.
Token Events
Notable unlocks scheduled include:
- Sui (SUI): 2.03% unlocking.
- ZetaChain (ZETA): 6.05% unlocking.
Bybit will delist several tokens on April 1.