Crypto markets bounce back, despite 'Liberation Day' jitters
Liberation day watch: Investors are eyeing 'Liberation Day' as President Trump is set to outline his new tariff policy tomorrow, a key economic event that could influence market sentiment.
Crypto rebound: Bitcoin is up 2.12% to about $83,818, and Ethereum has risen approximately 4.11% to near $1,874 in the last 24 hours.
Institutional interest: BlackRock CEO Larry Fink sends a warning in his latest CEO letter
CRYPTOCURRENCY markets have rebounded this morning despite ongoing uncertainty ahead of a major economic event.
With 'Liberation Day' approaching, where President Trump is expected to detail his administration’s new tariff policy, market sentiment remains optimistically cautious.
Bitcoin is trading around $83,818 - a 2.12% increase in the last 24 hours, while Ethereum has risen about 4.11%, trading near $1,874. In the altcoin space, Fantom has shown significant gains of almost 10%.
In institutional news, BlackRock CEO Larry Fink, in his CEO 2025 letter, warned that if the US fails to rein in its ballooning deficits and manage debt, the Dollar's status as the global reserve currency could be undermined.
Fink noted that digital assets like Bitcoin might be viewed as a safer alternative if the US economy loses its competitive edge.
Investors will be closely monitoring 'Liberation Day' for any signals on how new tariff policies might impact both traditional and crypto markets, while also keeping an eye on further developments in institutional strategies and macroeconomic indicators.
In the markets
🌍 Total crypto market cap ⬆️
The global cryptocurrency market capitalisation is approximately $2.71 trillion, reflecting a 2.05% increase over the last day.
🟠 Bitcoin (BTC) ⬆️
Price: Currently trading at $83,818.03, marking a 2.12% increase in the last 24 hours.
Daily high: $83,818.03
Daily low: $81,200
Ethereum (ETH) ⬆️
Price: Currently trading at $1,874, reflecting a 4.11% increase in the last 24 hours.
Daily high: $1,874
Daily low: $1,780
📈 S&P 500 ⬆️
The S&P 500 index is currently up 0.55% from the previous close.
😬 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 24/100, indicating a state of Fear among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The Relative Strength Index is currently at 65, closing in on an overbought position.
Post Script…
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
