BTC and DOGE react with growth to Trump’s statements

Amidst the volatility in the stock markets, Bitcoin BTC $85,310.46 Bitcoin 2.79% Market capitalization $1.69 trillion VOL. 24 hours $1.9 billion and Dogecoin DOGE $0.17 Binance-Peg Dogecoin 4.69% Market capitalization $0.43 billion VOL. 24 hours $0.13 billion showed moderate growth, while Ethereum’s rate declined slightly. This happened amid statements by Donald Trump, who denied rumors of a temporary suspension of tariff pressure on foreign trade. Despite the short-term market recovery due to these rumors, stock indices fell again, and the crypto market remained relatively stable.

As of the evening of Monday, April 7, bitcoin was up 1.45% to $ 79,159.60, Dogecoin was up 1.8% to $ 0.1499, and Ethereum ETH $1,628.08 Bridged Ether (StarkGate) 4.42% Market capitalization $0.14 billion VOL. 24 hours $0.86 billion was down 1.36% to $ 1,550.71. The market leader reached an intraday high of $ 81,000, but later stabilized. Its dominance in the cryptocurrency market has increased to 62.7%, the highest since January 2021.

Meanwhile, MicroStrategy has suspended bitcoin purchases, citing limited activity in its investment fund. Over the past day, almost $ 973 million was liquidated from the market, of which $ 632 million were long positions. A 3.63% decline in open interest indicates that short positions have been closed, which, combined with the price increase, may indicate a change in the trend.

Analysts note that most investors in Ethereum are losing money, as the current price is below the average purchase price of $ 2,200. The next important support level is around $ 1,290. At the same time, growing positive expectations regarding negotiations between countries over tariff policy support a neutral or positive market sentiment.

According to Santiment, a research firm, the crypto market could experience rapid growth if the US tariff policy is revised. A potential easing of trade restrictions could trigger an «instant bull run,» especially for bitcoin. Despite the state of «extreme fear» according to the market sentiment index, sentiment around bitcoin is gradually improving.