Bitcoin Price Update
Bitcoin’s price today is quoted at $84,112.02 on Thursday 16/04/2025, down 1.7%. The cryptocurrency market retreats after Nvidia (NVDA) revealed costly new restrictions on chip exports to China, while investors face uncertainty over President Trump’s trade policy.
Trade War Tensions
Trade war tensions escalated after China raised its tariffs on US imports from 84% to 125%, while the United States increased its tariffs on Chinese goods to 145%.
Bitcoin Price Movement
Bitcoin’s price faced new selling pressure as it attempted to break through the $86,500 range on Monday (15), resulting in a sharp correction of more than $3,000 in the following hours. The cryptocurrency reached its weekly high, but resistance imposed a quick reversal, causing BTC to fall back to the $83 region.
Recent Volatility
The volatility of the past few days has remained marked. After falling from $83 to less than $75 the previous week, Bitcoin had gradually recovered, reaching close to $84 over the weekend. The recovery attempt gained momentum at the beginning of the week, when the asset broke through $86. However, the movement was interrupted by a strong rejection, which reduced the market value to around $1.66 trillion. Despite this, Bitcoin’s dominance over altcoins remains high, reaching 61%.
Altcoin Performance
Among the negative highlights of the day were the main altcoins, which suffered significant losses. Solana (SOL), Cardano (ADA), Avalanche (AVAX), Sui (SUI) and Hedera (HBAR) led the declines, all with declines above 5%. Ethereum (ETH) fell 4% and lost support at $1,600, while XRP depreciated 4.6%, trading below $2.10.
Pi Network’s Drop
Pi Network recorded one of the most significant drops of the day, with a 16% devaluation, returning to just over US$ 0.60. The project’s native asset had already suffered an abrupt correction the previous day, when it lost double digits of value in less than an hour.
Positive Exceptions
Contrary to the market trend, the CRV token and XAUT are the only positive exceptions of the day, with an appreciation of over 5%.