Bitcoin Eyes $80K as Altcoins Surge: Market Revival in Sight
After a period of significant volatility, Bitcoin (BTC) is showing signs of a strong recovery, with its price approaching the $80,000 mark. This resurgence has sparked a wave of Optimism across the cryptocurrency market, particularly among altcoins, many of which have recorded double-digit gains over the past 24 hours. The recent price action suggests a potential revival for the crypto sector, which has experienced notable fluctuations in recent days. Last week, Bitcoin reached a high of $88,500 amid rumors about Elon Musk’s potential departure from the U.S. presidency, highlighting the market’s sensitivity to external news. As of April 8, 2025, the crypto community is closely watching whether Bitcoin can sustain its upward momentum and break through the $80,000 resistance level, while altcoins continue to capitalize on the bullish sentiment.
These Altcoins Surge the Most as Bitcoin (BTC) Eyes $80K
After the massive volatility that hit the market in the past few days, Bitcoin has finally started to show signs of revival by surging toward $80,000 earlier today. The altcoins have marked substantial gains over the past 24 hours, with many posting double-digit price increases. What a week it has been for the crypto market. Bitcoin was riding high last Wednesday when it surged to $88,500 after reports that Elon Musk might leave US President Trump’s inner circle, but slumped hard in the following hours after the introduction of the latest set of tariffs from the US to the rest of the world. As every country was slapped with at least a 10% tax, BTC dumped toward $80,000 immediately. It bounced off and remained relatively still during most of the weekend at around $83,000, but started to lose ground again.
Bitcoin Recovers Towards 80k Amid Uncertainty
Bitcoin is rising towards 80k as it extends its recovery from yesterday’s 5-month low of 74.4k. However, amid ongoing uncertainty surrounding Trump’s trade tariffs, the mood remains cautious. Yesterday was a chaotic trading day, but today the mood has stabilized with hopes that Trump may be open to negotiations. A weaker yuan historically bodes well for BTC, but Trump has doubled down on China, threatening further tariffs should Beijing retaliate.
Quantitative Easing in 2025: Implications for Crypto
A potential quantitative easing (QE) in 2025 could resemble the aggressive monetary interventions of 2008 and 2020. For cryptocurrencies, the implications could be significant, with traders anticipating a potential V-shaped recovery and historic rally if QE is revived. Analysts have cited the MOVE Index, Wall Street’s ’fear gauge’ for the bond market, as a reason why the Federal Reserve (Fed) might intervene. Currently at 137.30, the index is within the 130–160 range where the Fed has historically acted during crises. If the Fed does not intervene, it is still expected to cut rates soon to refinance debt.
Whale Accumulation Rises While Small Holders Distribute Bitcoin
Whale accumulation rebounds sharply, signaling renewed confidence in April 2025. Retail and mid-sized holders shift to distribution as Bitcoin price retraces. Divergence in investor behavior may shape near-term Bitcoin market volatility. Bitcoin’s on-chain activity suggests a shifting trend in investor behavior, with large holders resuming accumulation while smaller wallets continue to reduce exposure. As of early April 2025, Glassnode data reveals a widening divergence in accumulation patterns across cohorts, highlighting caution among retail investors and renewed confidence from high-value entities. Whales holding over 10,000 BTC briefly hit an accumulation trend score NEAR 1.0 at the start of April, reflecting intense buying over 15 days. Although this score has since moderated to approximately 0.65.
How Much Bitcoin Creator Lost After BTC Price Crash
The wallet belonging to Bitcoin creator Satoshi Nakamoto, one of the largest BTC holders with over 1 million coins, has seen wide variations in value over the years. Recently, the value plunged below $90 billion as the market crashed. In January 2025, the Bitcoin price rose above $109,000 amid optimism surrounding President Donald Trump’s inauguration, but it has since suffered significant losses.
Cboe to Launch New Bitcoin Futures with FTSE Russell
Cboe, a major derivatives and securities exchange, has announced plans to launch Cboe FTSE Bitcoin Index futures (XBTF) in collaboration with FTSE Russell, a subsidiary of LSEG. The new XBTF futures are cash-settled contracts that settle on the last business day of each month. They are based on the FTSE Bitcoin Reduced Value Index (XBTF Index), which represents 1/10th the value of the FTSE Bitcoin Index. According to the press release, if regulators approve, trading of the new futures is expected to commence on 28 April 2025. Additionally, the XBTF futures will complement the options on the Cboe Bitcoin US ETF Index launched in November 2024.
