Bitcoin Nears Critical Threshold Amid Global Tariff Tensions
Bitcoin’s recent price action has been heavily influenced by ongoing global tariff tensions, leading to a pause in its bull run. As of April 11, 2025, BTC is trading just above $77,000, marking a nearly 30% decline from its all-time high, including a 1.6% drop in the last 24 hours. A key insight from CryptoQuant contributor Onchained highlights that Bitcoin is approaching a significant threshold, with its spot price converging with its 2-Year Realized Price. This metric, derived from on-chain data, calculates the average price at which BTC was acquired over the past two years, often serving as a critical support level during market corrections. The current convergence suggests that Bitcoin may be nearing a potential turning point, either as a bounce-back opportunity or a further decline if the threshold fails to hold. Market analysts are closely monitoring this development, as it could signal the next major move for the cryptocurrency amidst broader macroeconomic uncertainties.
Bitcoin Battles Tariff Turmoil
Bitcoin has felt the impact of ongoing global tariff tensions, causing its bull run to pause. Currently trading just above $77,000, BTC has declined nearly 30% from its all-time high, including a 1.6% drop in the last 24 hours. A recent insight from CryptoQuant contributor Onchained suggests that Bitcoin is nearing a significant threshold, with its spot price converging with its 2-Year Realized Price, an metric derived from on-chain data that calculates the average acquisition cost of coins moved on the blockchain within the past two years.
Bitcoin Recovers to $83K as Trade Tensions Ease
Almost $250 billion has reentered spot crypto markets in response to the 90-day pause and lowering of reciprocal tariffs by the US president. Total market capitalization has returned to $2.7 trillion, recovering almost all losses from the past few days. Bitcoin surged over 8% in the past 24 hours to hit an intraday high of $83,425 before cooling off slightly. The asset has returned to its month-long range-bound channel in the mid-$80K price zone. Technical analyst ‘Rekt Capital’ observed consolidating exponential moving averages, indicating a still-bullish market for Bitcoin.
Peter Schiff Criticizes Trump’s Bitcoin Reserve Idea
Peter Schiff has slammed Donald Trump’s proposal for a U.S. Bitcoin Reserve, arguing that gold would have been a safer alternative. As Bitcoin struggles to regain momentum amid the ongoing market downturn, Schiff doubled down on his gold-first position, claiming that had the government sold its Bitcoin holdings to purchase gold instead, the nation would be in a far better financial position. Schiff made these comments on X, a month after Trump established the Strategic Bitcoin Reserve.
Outflows Pile On as Bitcoin Spot ETFs Hit 5-Day Losing Streak
The consistent outflows underscore waning investor confidence in the short term, particularly among institutions. So far in April, these funds have registered inflows on only a single trading day. This trend confirms that institutional investors are pulling back capital from spot Bitcoin ETFs in response to quickly shifting macroeconomic conditions. On Wednesday, capital exit from spot BTC ETFs totaled $127.12 million. Bitwise’s ETF BITB recorded the highest net inflow on that day, totaling $6.71 million. BlackRock’s ETF IBIT saw the highest net outflow on Wednesday, totaling $252.29 million.
VanEck Confirms China and Russia Settling Energy Transactions in Bitcoin
VanEck Head of Digital Assets Research Matthew Sigel confirmed in a blog post that China and Russia have begun settling some energy transactions in Bitcoin and other digital assets. Other nations such as Bolivia have announced plans to import electricity using crypto, while French energy utility EDF is exploring Bitcoin mining with surplus electricity. Sigel noted that these are early signs of Bitcoin evolving from a speculative asset into a functional monetary tool, particularly in economies looking to bypass the dollar and reduce exposure to US-led financial systems.
Charles Hoskinson Predicts Bitcoin to Hit $250k and Mag 7 to Adopt Stablecoins in 2025
Cardano’s Charles Hoskinson has predicted that Bitcoin will reach $250,000 and Mag 7 will adopt stablecoins in 2025. He linked this prediction to major tech giants entering the crypto industry and significant regulation that will bring real-world adoption. During a Tuesday recording of CNBC’s Beyond The Valley podcast, Charles mentioned that the markets will stabilize and get used to the new normal. His remarks came as Bitcoin climbed back over $82,000 on Wednesday, following a dip below $77,000 caused by global market uncertainty triggered by President Donald Trump’s reciprocal tariffs. However, Trump later lowered the tariff rate to 10% for the next 90 days to allow countries to negotiate.
