Bitcoin (BTC) experienced significant gains on Monday, rising 2.61% to reach $87,373 on international exchanges.
The increase follows weeks of pressure due to heightened US-China trade tensions. During the session, the leading cryptocurrency peaked at $87,845, indicating a resurgence of investor confidence despite ongoing macroeconomic uncertainties.
Bitcoin could hit $138K by end of 2025, 21Shares says, as macro shocks strengthen its role as a hedge. @HeleneBraunn reportshttps://t.co/e9Zwd60MFF
— CoinDesk (@CoinDesk) April 19, 2025The dollar index has dropped to a three-year low, and increasing fears of recession make Bitcoin more attractive. A decisive close above $88,700 could pave the way for a rise to $92,000, while there is strong support at $84,000. Meanwhile, the markets are anticipating the May FOMC meeting, with only a 12% chance of a rate cut being priced in.
$XRP and $BTC could be poised for renewed volatility explosion, based on analysis of a standard deviation-based indicator. @godbole17 writes. https://t.co/Ctf6z8IYIH
— CoinDesk (@CoinDesk) April 20, 2025The second-largest cryptocurrency gained 1.52% to $1,640 globally (₹1.40 lakh), with Indian exchanges showing a slightly higher price of $1,663 (₹1.41 lakh). While ETH maintains support above $1,500, it faces stiff resistance near $1,680.
Market Snapshot:
- Total crypto market cap: +1.7% to $2.74 trillion
- Trading sentiment: Cautiously optimistic but not yet “risk-on”
- Key events ahead: US-China trade talks, Fed policy decision
