Daily Crypto Signals: Bitcoin and XRP React to Trump’s Tariffs and Mixed Sentiment

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The cryptocurrency market experienced severe turbulence today following US President Donald Trump’s announcement of reciprocal tariffs against several countries, triggering a broad market selloff that wiped $1.6 trillion from US stock markets and sent Bitcoin plunging 8%. The total crypto market capitalization dropped 6.8% over the past 24 hours as investor confidence wavered under economic uncertainty.

Crypto Market Turmoil Leads to $573M in Liquidations

Data from CoinGlass indicates that over 200,000 dealers were liquidated over the past 24 hours, with total liquidations topping $573.4 million. On Binance, the biggest single liquidation happened with an ETH/USDT trade at $11.97 million being force-closed.

Bitcoin open interest fell below $50 billion, therefore lowering the general market leverage. Bulls have thus far been able to defend the crucial $80,000 support level despite the rapid drop; analysts caution that a break below this level with notable volume may perhaps drive BTC/USD below the $64,000-$65,000 region.

XRP Battles to Hold $2 Support

After showing a stunning 600% increase between October 2024 and January 2025, XRP XRP/USD is presently battling to keep $2 support level. With daily active addresses rising by 490% throughout the period, retail investors thinking a pro-crypto presidency would help Ripple and its cryptocurrency were mostly responsible for the token’s explosive gain.

Still, recent statistics reveals falling investor confidence. Large whale addresses have been regularly cutting their positions since early 2025; over $1 billion worth of XRP offloaded at an average price of $2.10 over the previous two weeks alone. From 23% to 62.8%, the percentage of XRP’s market cap held by younger investors (less than six months) showed a notable wealth change to less experienced holders.

Technical experts note a growing symmetric triangular pattern despite these worries that can drive XRP to $3.51 should the token break above the declining trendline close to $2.40. Furthermore, by improving its utility and liquidity, ripple’s recent inclusion of its RLUSD stablecoin into its cross-border payments system could increase acceptance and maybe drive XRP’s price higher.

Solana Drops to Three-Week Low

Falling almost 12.75% to a three-week low of $112.50, Solana’s SOL token saw one of the worst drops among major cryptocurrencies. The sharp decline of the token corresponds with negative futures basis and financing rates, therefore signaling declining positive momentum.

With SOL/USD weekly funding rates falling into negative territory at -0.0462% on April 3, short traders are now paying longs—a indication that market players predict more decline. Based on a bear flag continuation pattern, technical analysis indicates SOL’s price can drop still further to $96.

DeFi TVL Falls While AI Protocols Surge in Q1 2025

A recent DappRadar analysis indicates that in Q1 2025 the total value locked (TVL) in decentralized finance (DeFi) systems dropped 27% to $156 billion. Attaching this reduction to “broader economic uncertainty and lingering aftershocks from the Bybit exploit,” the paper notes that Ethereum—the biggest blockchain by TVL—saw a 37% drop to $96 billion.

Artificial intelligence and social application protocols saw notable rise in user activity while DeFi faltered; daily unique active wallets rose by 29% and 10% respectively. DappRadar saw “explosive growth” in AI agent protocols, noting they are “no more a concept” but rather actively “shapes new user behaviors.”

Regulatory Developments Continue

Regulatory changes still shape the crypto scene among the fluctuations of the market. With a 13-11 critical committee vote, Paul Atkins, President Trump’s nomination for SEC head, advanced one step toward replacing previous head Gary Gensler. Tim Scott, leader of the committee, said Atkins will provide the Bitcoin industry “much-needed clarity”.

In other regulatory news, the US Treasury Department approved eight bitcoin wallet addresses connected to Russian cryptocurrency exchange Garantex and the Yemeni Houthis, addresses supposedly moving around $1 billion worth of funds connected to sanctioned groups.

With a 32-17 vote, the US House Financial Services Committee also approved the STABLE Act, so advancing laws meant to control stablecoins. Whereas a similar measure, the GENIUS Act, awaits discussion in the Senate, the bill will now travel to the House floor for a full vote.

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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