Price Analysis View Non-AMP

Crypto Market Outlook: Trump’s Tariff Pause and EU Talks Fuel Bullish Sentiment

Published by
Qadir AK

As the North American financial market gradually opened on Thursday, April 10, it was more evident that the United States investors are bullish on the wider crypto market in the long haul. After President Donald Trump promised more great days ahead, akin to Wednesday, Bitcoin (BTC) price led the wider altcoin market in mild recovery on Thursday, during the mid-New York session.

Earlier on Thursday, Ursula von der Leyen, EC President, noted that the European Union intends to give negotiations a chance following Trump’s 90-day suspension of the historical reciprocal tariffs.

“If negotiations are not satisfactory, our countermeasures will kick in. Preparatory work on further countermeasures continues. As I have said before, all options remain on the table,” Von der Leyen said earlier on Thursday.

Crypto Market Outlook

The crypto market is at a crucial juncture in the post-2024 Bitcoin halving cycle, with some on-chain analysts calling for the onset of the macro bear market while others anticipating a parabolic rally before the end of this year. The bullish outlook, however, is gradually gaining momentum. 

Furthermore, the VIX index dropped sharply in the past 24 hours to 37.20, after Trump’s announcement on Wednesday, signaling rising odds of market reversal in the near term. 

Additionally, Gold price extended its gains on Thursday to trade at about $3,124 at the time of this writing.

From a technical analysis perspective, Bitcoin price, in the 1-hour time frame, has been forming a potential falling wedge after Thursday’s bump. As a result, BTC price is well positioned to rally towards $88k next, especially if the buyers hold their positions.

A rise in Bitcoin will carry the wider altcoin market, led by Solana (SOL), BNB, Ethereum (ETH), and Toncoin (TON), among others.

FAQs

What impact does Trump’s tariff suspension have on crypto?

It boosted market optimism, triggering a recovery in Bitcoin and altcoins like Ethereum and Solana.

Is Bitcoin forming a bullish pattern right now?

Yes, Bitcoin is forming a falling wedge, a bullish pattern that could lead to a breakout toward $88K.

What will Bitcoin be in 10 years?

Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. The BTC price is expected to cross $600,000 by 2030. With global adoption, Bitcoin could be worth 1 million dollars.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Breaking: Pi Network Partners With Banxa and Onramper – Yet Pi Coin didn’t Surge!

Big announcement coming from the Pi Network. On the occasion of Pi2day, Pi Network has…

June 29, 2025

Will XRP Price Hit $10

The Ripple vs SEC is finally on the cusp of wrapping up, with a recent…

June 29, 2025

Senate Passed Trump’s “Big, Beautiful Bill” With 51-49 Vote

The U.S. Senate just gave the green light to President Trump’s widely discussed tax and…

June 29, 2025

Is XRP About to Lead the Next Altcoin Season?

It’s starting to feel like something big is coming for XRP. After months of sideways…

June 29, 2025

Bitcoin, ETH, & XRP Price Prediction for Next Week (30th June 2025 – 05th July 2025)

The broader crypto market is holding steady going into the final days of June, with…

June 29, 2025

Pi Network News: 337M Pi Token Unlock in July – Major Sell-Off Coming

Pi Network, once seen as a quiet underdog, is now facing one of its biggest…

June 29, 2025