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Reading: Bitcoin Climbs 2% to $83,133 Amid Market Volatility on April 1
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PhotoNews Pakistan > Business > Bitcoin Climbs 2% to $83,133 Amid Market Volatility on April 1
Business

Bitcoin Climbs 2% to $83,133 Amid Market Volatility on April 1

Web Desk
By Web Desk Published April 1, 2025 2 Min Read
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Artwork / illustration Courtesy of CryptoSlate,
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On Tuesday, April 1, 2025, Bitcoin experienced modest gains, rising by 2.03% globally to $83,133, according to CoinMarketCap.

On Indian exchanges, the price increased by 2%, fluctuating between $85,992 and $87,912. Analysts caution that this rollercoaster may continue after a volatile March fueled by global tariff disputes. Nevertheless, the total market cap for cryptocurrencies grew by 1.37% over 24 hours, reaching $2.68 trillion, with Bitcoin maintaining a dominance of 64%.

Gadgets 360 reported that Edul Patel, the CEO of Mudrex, sees promise in Bitcoin. He mentioned, “Bitcoin’s momentum is building with institutional purchases, like Strategy’s $1.9 billion haul, its second-largest in 2025.”

Bitcoin bounces back to $83K with help from big institutional buyers🚀

–@MicroStrategy and @Metaplanet_JP scooped up $1.92B and $13.3M worth of BTC respectively, fueling the rebound.
–Trading volume spiked 90% after the weekend as shorts got wrecked ($8.15M liquidated).…

— Bitcoin.com News (@BTCTN) March 31, 2025

Sentiment data indicates that 30,000 BTC are withdrawn from exchanges each week, suggesting that long-term holders are accumulating. This trend could reduce selling pressure and potentially lead to a shift in the market.”

Read: Crypto Market Maintains Stability Despite Late-March Volatility

Ether experienced a rise of 1.82%, reaching $1,837 globally and $1,855 in India, with a gain of just under 2%. However, not all altcoins performed positively. Tether, Binance Coin, Stellar, Litecoin, Near Protocol, and Cronos all saw slight declines, reflecting a mixed market. While volatility remains, Bitcoin’s steady increase offers a sense of stability.

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