Crypto Market Today: Trump Tariff Pauses, Bitcoin Price, Ripple XRP News, and More

VanEck has filed for the first U.S.-listed Avalanche ($AVAX) ETF on NASDAQ, marking a significant step toward mainstream altcoin adoption. If approved, this would bring institutional exposure to Avalanche, known for its speed, low fees, and support for DeFi and NFTs. The move signals growing confidence in Layer 1 platforms beyond Bitcoin and Ethereum. With rising institutional interest and altcoin momentum, the ETF could attract major liquidity and boost AVAX’s visibility in traditional finance circles.

Bitcoin reserves on Binance have surged by 22,106 BTC over the past two weeks, climbing from 568,768 BTC on March 28 to 590,874 BTC on April 9. This sharp rise signals a strong inflow trend, with traders likely bracing for volatility ahead of the key U.S. CPI announcement. The move also reflects growing market caution amid ongoing macroeconomic uncertainty, suggesting that investors are positioning funds on exchanges to act quickly depending on inflation data outcomes.

Following a 4.75% crypto market rally sparked by Trump’s tariff pause, all eyes now turn to today’s U.S. CPI data, due at 8:30 AM ET. Expectations peg inflation at 2.6% annually, with month-over-month CPI forecasted to dip 0.1%. Market sentiment hinges on the result: under 2.8% could fuel further bullish momentum, 2.8% would likely keep things stable, and anything above may trigger a bearish pullback. Traders are bracing for potential volatility ahead.

The Official Trump coin is presently trading at $8.07 with a positive change of 6.01%. The momentum on the daily chart was boosted by $654.27 M worth of trading volume, which is 22.04% more than yesterday. And its market cap currently hovers around $1.61 billion. While the numbers seem to be promising, community optimism seems low, as 34% remain bearish, according to CoinMarketCap’s community sentiment.

The XDC Network community is pretty bullish, with 87% of them giving an upvote on Coin Market Cap. Talking about its price and other metrics, XDC is currently changing hands at $0.06632 with a daily spike of 3.61%. Its 24-hour trading volume is up 4.18% to $56.51 million. Coming to its valuation, its market capitalisation is up 3.23% to $1.04 billion.

The European Securities and Markets Authority (ESMA) says crypto assets currently pose minimal risk to global financial stability, as they make up just 1% of total financial assets and have limited ties to traditional finance. Executive Director Natasha Cazenave highlighted that stablecoins, Bitcoin, and Ethereum require close monitoring. While risks remain low, Cazenave emphasized the need for strong global regulation and ongoing collaboration under the EU’s MiCA framework to address emerging challenges and safeguard financial systems.

Japanese bitcoin treasury firm Metaplanet has received its first third-party analyst coverage from UK-based Storm Research. Known as the “MicroStrategy of Asia,” Metaplanet’s stock soared 3,600% over the past year after shifting to a bitcoin-focused strategy. Once a struggling hotel developer, the company’s turnaround has attracted global attention. CEO Simon Gerovich called the coverage an “important milestone” to help institutional investors better understand their business model. Storm Research specializes in under-covered Japanese small to mid-cap stocks.

A massive short squeeze may be brewing for Bitcoin, with over $7 billion in BTC shorts set to be liquidated around the $90,000 price level. According to Coinglass data, cumulative short liquidations have been rising sharply, while long liquidations have tapered off. As BTC edges closer to the $90K mark, traders betting against the price could face heavy losses, potentially triggering a surge.

Senator Elizabeth Warren is calling for an investigation into Donald Trump’s recent tariff decisions. She says the former president may have helped wealthy insiders profit by suddenly changing tariffs, especially on Chinese goods. Warren believes this caused market chaos and hurt the U.S. economy. She is asking Congress to stop what she calls “confusing and unfair” policies. Her warning comes as inflation and recession fears grow, and key economic data like PMI and job openings show signs of weakness.

The Hang Seng Index surged 2.58% after President Trump paused tariffs for 90 days, easing recession fears and boosting investor confidence. Tech and auto stocks led the rally, with the Hang Seng Tech Index climbing 4.34%. Alibaba and Baidu gained over 4%, while Li Auto and NIO rose 6.63% and 5.69%, respectively. Mainland indices also advanced, with the CSI 300 and Shanghai Composite up 1.70% and 1.57%. Chinese leaders are reportedly preparing fresh stimulus measures.

The broader crypto market taking a positive turn following the pause on tariffs and Ripple buying Hidden Road for $1.25 B has had a positive impact on the XRP price. The altcoin at the time of press is up 11% to claim the $2 price tag and has a market cap of $116.73B. Talking of its trading volume, the transactions are currently up 16.55% to $8.49B.

Amid the bullish uptick, meme coin Fartcoin surged 38.20% in the last 24 hours, trading around $0.7348 after hitting a peak of $0.7816. Based on Solana, Fartcoin has been defying the odds with trading volume skyrocketing 80.25% to $458.2 million. As investors seek speculative assets during market uncertainty, Fartcoin’s rise highlights its growing influence, even in times of geopolitical and financial volatility.

MicroStrategy Inc. (MSTR) stock soared 24.76% to $296.86 following President Trump’s announcement of a 90-day pause on tariffs for all countries except China. The move sparked a broader rally in U.S.-listed stocks, with MSTR leading the pack. Investors poured in as easing trade tensions fueled optimism in both crypto and traditional markets. The Nasdaq jumped 10%, and the S&P 500 rose 8%. After-hours trading saw a slight dip, with MSTR settling at $292.00.

The Trump administration has paused the planned export restrictions on Nvidia’s H20 AI chip to China following a Mar-a-Lago dinner attended by CEO Jensen Huang. The decision came after Nvidia pledged new U.S. investments. Previously expected curbs drew bipartisan pressure amid China’s AI advancements. Despite political opposition, regulatory delays and staff shortages slowed action. Analysts see the move as a win for China, still reliant on advanced U.S. chips. The White House and Nvidia declined to comment on this.

Bitcoin’s sharp 53% drop during China’s mining ban revealed how technological crackdowns can severely impact the market. In contrast, external economic pressures like Trump’s tariff war led to only a 28% correction, showing Bitcoin’s resilience to geopolitical tensions. The current dip is seen as healthy consolidation rather than a sign of crisis. This reflects a shift in sentiment—investors are now less shaken by global events. Bitcoin’s true strength lies in the firm belief and conviction of its holders.

BTC price today is up 7.77% since yesterday, claiming a hold at $82,068.39; this bullish move came as the Trump tariff saw a 90-day halt on most countries. Marketeres seized the opportunity, and as a result, the trading volume shot up an impressive 43.98% to $77.87 billion. If the uptrend remains consistent, we can expect the BTC price to rise to $85k by the weekend.