Bitcoin (BTC) fell more than 3% on April 10, sliding to its low of $78,416 as global markets were caught in $83,424 from a surge in the previous day’s rise caused by President Donald Trump’s announcement of temporary tariff suspension.
The retreat reflects investors’ skepticism over the durability of the previous day’s rally and the growing fear of new trade hostility with China.
The sale began after the White House revealed that most tariffs would be suspended for 90 days, but a sharp escalation was planned, with China’s import fees rising to 145%.
The announcement rattles off global markets, which interpreted the initial move as an elimination of trade tensions. Instead, it was increasingly seen as a strategic delay that could deepen economic uncertainty.
Ethereum (ETH), the second-largest market value, fell nearly 7% amid the broader weakness of digital assets to a low of $1,470. XRP traded briefly above $2, returning to over 5%, reaching $1.94.
Other major altcoins, including Solana (Sol) and Avalanche (Avax), also recorded similar percentage losses as sentiment was risk-off.
Traditional financial markets have also given up on the ground. The Dow Jones industrial average fell 2.2% at press time, with the S&P 500 losing 4.2% and the Nasdaq Composite down 3.71% as volatility returned to effective.
Technology and semiconductor inventory is taking the brunt of the sale, with much of its exposure to China’s supply chain.
Despite the softer reading of the US consumer price index in March, a wider risk-off mood has been created. Headline inflation fell by 0.1% throughout the month, but core rates, excluding food and energy, rose by just 0.1%.
The data is considered a positive signal for the Federal Reserve pigeon, and could open the door to cuts later this year. However, investors shrugged mainly on inflation printing in light of geopolitical concerns.
With macro development prices increasingly expensive along with blockchain native catalysts, crypto traders are monitoring new signals from Washington and Beijing that could further impact capital flows.
Despite the pullback, Bitcoin has risen by more than 40% since the start of the year, driven by increasing institutional demand, interest in spot ETFs, and an increase in adoption narratives on digital assets.
However, the actions of the day highlight a fragile balance between bullish momentum and broader economic risks. Market participants are increasing the future turbulence as global trade policies are once again in the spotlight.
Bitcoin Market Data
When reporting 7:59pm, UTC on April 10th, 2025Bitcoin ranks number one in terms of market capitalization, and the price is under 3.19% Over the past 24 hours. Bitcoin has a market capitalization $1.58 trillion 24-hour trading volume $54.8 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 7:59pm, UTC on April 10th, 2025Crypto market totals are evaluated by $2.52 trillion There is a 24-hour volume $12.068 billion. Bitcoin’s advantage is currently underway 62.44%. Crypto Market Details›
