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Crypto Today: Trump’s tariff updates sparks Bitcoin rally, as AVAX, SOL, Chainlink lead altcoin gains

Source Fxstreet

Cryptocurrency sector’s valuation rose 3.3% on Monday, reaching the $2.83 trillion mark for the first time in two weeks.
The market rally is linked to reports that the US plans to exclude sector-specific tariffs ahead of the April 2 deadline.
Bitcoin price recovers above the $88,000 level, with Solana, Chainlink, and Avalanche among the top-gainers within the altcoin market.

Bitcoin market updates:

Bitcoin price surges 4%, nearing $89,000 in the early hours on Monday.
The BTC price rally has been linked to imminent tariff rollbacks by the Trump administration, adding to active positive sentiment from the Federal Reserve (Fed) rate pause last week.
Michael Saylor announced that Strategy had acquired $3 billion in profits in Q1 2025.

Why is the crypto market up today?

The US Fed decision to maintain rates unchanged last week ignited risk-on appetite across global risk assets markets. This saw demand for the US weaken 4% from its January peaks, according to Bloomberg.

Total Crypto Market Capitalization | Source: TradingView

Secondly, the Trump administration has hinted at another round of exclusions from reciprocal tariffs on April 2, with the possibility of excluding sector-specific tariffs.

This incentivized investors to place large bullish bets in expectations that tariff rollbacks could further lower inflation.

These two major macro events have sparked increased demand for risk assets globally as investors rotate out of USD-backed securities, expecting interest rates to remain low for longer.

Mirroring the bullish backdrop in the global markets, cryptocurrencies started the week strongly. At press time on Monday, the total cryptocurrency sector valuation has increased by $2.83, reflecting a $200 billion uptick within the last 24 hours, per TradingView data.

Chart of the day: Avalanche, Chainlink, and TRUMP lead gainers ahead of tariff updates

Two key macro factors are driving the cryptocurrency market’s strong start to the week.

Capital allocation within the crypto space has been uneven, driving surges in specific sectors.

Crypto market performance | Source: Coingecko

At press time, mid-cap altcoins, Trump-associated tokens, and memecoins have emerged as top performers.

Avalanche (AVAX) price surges 10%

Avalanche (AVAX) has seen a 10% price increase, as reflected in the chart. A major catalyst behind this rally is the accumulation by the US President’s firm,

WLFI. Blockchain analytics platform Lookonchain reported that WLFI has been purchasing AVAX in recent weeks, with its most recent acquisition exceeding $7 million around March 16.

Chainlink (LINK) gains 6% on WLFI links

Chainlink (LINK) has also recorded a 6% increase, driven by news that WLFI has entered into a partnership to utilize Chainlink’s data feeds for decentralized finance (DeFi) and traditional finance (TradFi) integration.
Trump memecoin rises 3%, crossing the $2 billion mark

The Trump memecoin has climbed 3%, pushing its market valuation above $2 billion. Earlier this month, following unpopular trade policies, the token had plummeted nearly 80% from its all-time high of $12.5 billion.

Concerns intensified when controversy surrounding the Libra memecoin led to speculation that the President’s team might abandon the project, further accelerating the sell-off. However, on Monday, Trump reaffirmed his support for the initiative, sparking a renewed rally and making it one of the most-searched tokens of the day, according to Coingecko data.

Crypto News Updates:

DWF Labs unveils $250M liquid fund to accelerate web3 growth

DWF Labs has launched a $250 million Liquid Fund to support mid and large-cap crypto projects, aiming to enhance liquidity and accelerate industry growth. The initiative follows the firm’s recent commitment of $11 million to blockchain projects, with an additional $35 million in investments planned. The fund will focus on strategic venture capital, ecosystem expansion, and liquidity provisioning across decentralized finance (DeFi) and lending markets.

The fund is designed to bolster public relations, go-to-market strategies, and broader crypto adoption efforts. DWF Labs aims to drive innovation within the industry by providing financial support and strategic resources to promising projects. This move reinforces the firm's ongoing role as a major player in the crypto investment landscape, actively deploying capital to strengthen blockchain ecosystems.

dYdX launches first DYDX buyback program to enhance network security

The dYdX community has introduced its first DYDX Buyback Program, allocating 25% of net protocol fees to repurchase DYDX tokens from the open market on a monthly basis. The acquired tokens will be staked to enhance network security and reinforce the protocol’s economic model.
This initiative is part of a broader strategy to align tokenomics with dYdX’s long-term growth. By integrating buybacks into the ecosystem, the program aims to boost sustainability and strengthen the role of DYDX tokens within the decentralized trading platform.

World Network explores Visa partnership for self-custody crypto wallet integration

World Network, formerly known as Worldcoin, is in talks with Visa to integrate card features into its self-custody crypto wallet.

According to a CoinDesk report, the partnership would enable stablecoin payments across

Visa’s global merchant network, expanding crypto accessibility for users.
The initiative follows earlier discussions with PayPal and OpenAI to enhance World Network’s digital payment infrastructure.

Tools for Humanity, the company behind the project, has reportedly reached out to card issuers and crypto card facilitators like Rain, signaling active progress toward implementation.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cut Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.

Author FXStreet

Dec 11, Thu

Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.

Gold remains bid as lack of Fed clarity and geopolitical frictions persist Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.

Author FXStreet

Yesterday 01: 34

Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.

Ethereum Price Slips Lower — $3,000 Looms as the Key Battleground Ethereum is attempting to recover from a $3,026 low but remains below $3,200 and the 100-hour SMA, with a bearish trend line near $3,175 capping rebounds as bulls need a clean break above $3,200 to target $3,250–$3,400, while a drop below $3,050 risks a retest of $3,000 and $2,940.

Author Mitrade

Yesterday 03: 25

Ethereum is attempting to recover from a $3,026 low but remains below $3,200 and the 100-hour SMA, with a bearish trend line near $3,175 capping rebounds as bulls need a clean break above $3,200 to target $3,250–$3,400, while a drop below $3,050 risks a retest of $3,000 and $2,940.

Macro Analysts: Hawkish Japan Could Push Bitcoin Below $70K Analysts predict Bitcoin may face further declines towards the $70,000 mark if the Bank of Japan raises interest rates as expected.

Author Mitrade

Yesterday 05: 48

Analysts predict Bitcoin may face further declines towards the $70,000 mark if the Bank of Japan raises interest rates as expected.

Bitcoin Slides 5% as Sellers Lean In — Can BTC Reclaim $88,000?Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

Author Mitrade

7 hours ago

Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

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Beginners

Crypto Today: Trump’s tariff updates sparks Bitcoin rally, as AVAX, SOL, Chainlink lead altcoin gains

Bitcoin market updates:

Why is the crypto market up today?

Chart of the day: Avalanche, Chainlink, and TRUMP lead gainers ahead of tariff updates

Crypto News Updates:

DWF Labs unveils $250M liquid fund to accelerate web3 growth

dYdX launches first DYDX buyback program to enhance network security

World Network explores Visa partnership for self-custody crypto wallet integration

Recommended Articles