Bitcoin News: High Volatility Expected Ahead of April 2nd Tariff Announcements

The cryptocurrency market is bracing for a turbulent period as tariff announcements loom on April 2nd. Bitcoin, in particular, is expected to experience significant volatility, with traders advised to prepare for potential market fluctuations.

Bitcoin Faces Wild Swings Ahead of April 2nd Tariff Announcements

Bitcoin (BTC) faces high volatility ahead of April 2nd, as tariff updates loom, causing market uncertainty. Market fluctuations could intensify if no deals are reached on tariffs, affecting Bitcoin prices. European Union’s tariff concessions and Trump’s negotiation efforts may ease Bitcoin’s price pressure. Recently, gaps have been recorded within Bitcoin’s trading curve, indicating growing instability. Traders should prepare for more fluctuations before April 2nd, when the USA is expected to reveal several tariff measures that could impact the cryptocurrency markets.

Top 2 Catalysts for Bitcoin and Altcoin Prices Next Week

Bitcoin (BTC) and top altcoin prices experienced a harsh reversal toward the end of the week, with Bitcoin crashing from $89,000 to $82,000 on Saturday morning, as the crypto fear and greed index remained in the fear zone. The market cap of all digital coins fell to $2.73 trillion. Two potential catalysts for Bitcoin and other altcoins next week include President Donald Trump’s imposition of reciprocal tariffs on the top U.S. trading partners on his ’Liberation Day,’ aiming to challenge unfair levies on US goods and non-tariff barriers.

Bitcoin’s Path To The Top: Fidelity Believes It Could Potentially Dethrone Gold

Over the last 16 years, Bitcoin has emerged as a significant competitor to traditional assets like gold. While gold has long been a reliable store of value and a hedge against economic uncertainty, Bitcoin’s rise as a modern-day store of value has sparked debates about it potentially surpassing gold. With a market cap of $1.6 trillion, representing a fraction of gold’s $20.7 trillion market cap, Fidelity Investments’ director of global macro, Jurrien Timmer, believes that Bitcoin will eventually overtake gold.

FTX to Begin $11.4B Creditor Payouts in May

FTX, the collapsed cryptocurrency exchange once helmed by Sam Bankman-Fried, plans to begin paying its main creditors at the end of May. The company has gathered $11.4 billion in cash to distribute to thousands of parties affected by its 2022 bankruptcy, with the first payments to major creditors set for May 30. These include institutional investors and firms that held crypto on FTX’s platform. Smaller creditors with claims below the $50,000 mark have already begun receiving distributions. FTX’s collapse left a financial crater and a trail of frustrated creditors, many of whom expected to be repaid in crypto, not dollars. Since the bankruptcy, the price of Bitcoin (BTC) has more than quadrupled, intensifying frustrations among those waiting for repayment.

This Week in Bitcoin: GameStop Reveals Reserve, But Inflation Fears Rear Their Head

Bitcoin swung up and down over the last week, reaching a nearly three-week high of $88,474 on Monday before dipping to $82,480 per coin by Friday, according to CoinGecko. The dip came after the U.S. Commerce Department reported a 0.4% increase in the CORE Personal Consumption Expenditures Price Index (PCE) in February, the largest monthly increase in over a year. Traders were hesitant with risk-assets like Bitcoin and stocks due to persistent inflation and President Trump’s trade war.