🚨 BREAKING: Top Crypto & Blockchain News You Can’t Miss!

Author

CoinGape Media
April 08, 2025

News

U.S. President Donald Trump’s crypto holdings have been on a sharp decline ever since the broader market turmoil occurred due to newly imposed tariffs that blew up in his own face. According to Arkham Intelligence’s data, the Republican President’s crypto holdings fell from a $23 million level to a $1 million level since the start of January this year to date. Let’s take a closer look at some of the most crucial factors that appear to have triggered a sharp decline in the president’s digital asset holdings.

Bitcoin critic Peter Schiff has once again taken a jab at Trump’s US Bitcoin Reserve plan as BTC price slumped recently amid a broader crypto market crash. Simultaneously, he reiterated his view on how the US could have made profits if they had sold BTC to buy gold under the new administration.

Markets

Bitcoin, Ether, and other altcoin prices have embarked upon a significant upward trajectory following the recent volatility stirred due to Donald Trump’s tariffs. BTC price witnessed a 6% uptick in the past 24 hours, closing in at the $79K level. Whereas ETH price surged nearly 10% to top $1,500. FARTCOIN price skyrocketed roughly 38% to cross the $0.5 mark. Now, cryptocurrency watchers are left wondering whether the current upswing is signaling an imminent recovery or is it just a short-lived bubble amid the ongoing market uncertainty fueled by Trump’s tariffs.

đź”® XRP, ETH, BTC Price Prediction: China Retaliates, Triggering a Dead Cat Bounce in Crypto

The crypto market rose modestly on Tuesday, a sign that investors were buying the dip following the recent crash. Bitcoin price rose to $79,000, up from this week’s low of $74,500. Other tokens like Ripple and Ethereum rose, with the market cap of all coins hitting $2.5 trillion. This XRP, ETH, and BTC price prediction explores why they rose despite China’s retaliation and why this could be a dead cat bounce.