Crypto Prices Volatile Amid Trump Tariffs, Bitcoin Stabilizes Above $83,100
1min read Crypto prices experienced significant volatility in response to Trump’s tariff news, with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP initially rising before dropping as markets fell. By Friday, the situation improved, with BTC stabilizing above $83,100, ETH climbing back to $1,800, and SOL, XRP, and ADA all increasing by over 2%. Despite this volatility, there is a strong belief that the market is in its bottoming phase, presenting an opportune time for investors to accumulate before the next rally.
With major U.S. institutions increasingly integrating crypto, investors are focusing on projects with strong backing. Among the top 10 altcoins expected to boom despite market challenges are Bitcoin, Ethereum, Solana, Chainlink, Binance Coin, XRP, Cardano, Sui, Injective, and Polkadot. Altcoin Daily, in their latest video analysis, remains bullish on Bitcoin, noting that despite Trump’s proposed tariffs, Bitcoin is showing signs of bottoming out. The hash rate hitting all-time highs and speculation about the U.S. accumulating one million BTC contribute to a strong outlook. Bitwise cio Matt Hougan predicts that Bitcoin could reach $1 million by 2029, driven by increasing institutional adoption, government acquisitions, and mainstream financial integrations. This could lead to Bitcoin achieving parity with gold within four years.
Ethereum is expected to benefit from clearer regulations, particularly with stablecoin legislation enhancing its role in finance. Institutional interest is rising, reinforcing its position as a crucial part of the crypto ecosystem. Solana is gaining massive traction as paypal now supports SOL transactions. With its high-speed, low-cost blockchain, it continues to attract institutional attention, making it a strong competitor in the space. The U.S. Securities and Exchange Commission has acknowledged the filing for a spot Solana ETF by Fidelity, adding to the excitement for Solana traders.
Chainlink is cementing its place in the financial industry, with major institutions integrating its technology for secure off-chain data transfer. Its role in DeFi and real-world asset tokenization is only growing. VanEck has registered the first BNB ETF in the U.S., further legitimizing Binance Coin. Despite regulatory scrutiny, Binance remains a dominant exchange, reinforcing BNB’s importance. XRP has been added to Grayscale’s large-cap fund, benefiting from Ripple’s expanding banking partnerships. Cardano, also included in Grayscale’s fund, remains focused on decentralization and scalability, with strong development activity.
Sui is emerging as a promising alternative to Ethereum and Solana, backed by strong venture capital. Injective is carving out its space in DeFi, offering decentralized trading and cross-chain functionality. Meanwhile, Polkadot continues to enhance blockchain interoperability, strengthening its ecosystem. Altcoin Daily analyst highlights that Wall Street and major investors are steadily accumulating crypto, signaling a strong future for Bitcoin and select altcoins.
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