BTC Price Tops $84.5K, XRP, ETH, ADA Gain 6% as Trump Exempts Key Tech From Reciprocal Tariffs

WikiBit 2025-04-12 23:27

Bitcoin (BTC) rose over 1.5% to $84,900 Saturday, looking to break a three-month downtrend after the Trump administration issued new guidance on

BTCs daily chart. (TradingView/CoinDesk)

The chart shows that BTC is looking to establish a foothold above the descending trendline characterizing the steep sell-off from record highs above $109K. The so-called trendline breakout could entice more chart-driven buyers to the market.

Meanwhile, major alternative cryptocurrencies like ETH, XRP, and ADA surged by 6% on the day, indicating a trend of increased risk-taking in the broader crypto market. The cumulative market cap of top two stablecoins, USDT and USDC, held steady above $200 billion, just shy of record highs.

This positive momentum in the crypto market, opened for trading over the weekend, suggests the potential for price gains on Wall Street come Monday.

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