Crypto week recap—April 7-10, 2025, by GLHR Investing
Hey GLHR Investing crew! It’s Thursday, April 10, 2025, at 5:38 AM PDT, and the crypto market’s been a rollercoaster this week—starting rough but getting a big lift midweek. From tariff fears to a surprise Trump move, let’s break down what’s been going on with Bitcoin, altcoins, and the whole crypto scene from Monday to now. Here’s the scoop in easy-to-digest bullet points—everything you need to know!
- Monday, April 7 – Tariff Blues Hit Hard
- The week kicked off ugly—crypto took a beating as Trump’s tariffs (25% on Canada/Mexico autos, 10% baseline, Reuters, April 2) spooked everyone. Bitcoin (BTC) dropped to around $80,000 (CoinDesk projection), down 3% from Sunday, while Ethereum (ETH) slid to $1,750 (Coinpedia estimate). “Markets were in panic mode,” says Bloomberg (April 4)—total crypto market cap shed $50-100 billion (Mudrex estimate). X posts flagged “tariff terror” (@asvacapital).
- Tuesday, April 8 – More Pain, Some Hope
- Tuesday kept the pressure on—BTC dipped to $78,500, ETH to $1,720 (Cointelegraph projection)—as China’s 84% retaliatory tariffs (The Guardian, April 9) added fuel to the fire. XRP held at $1.90, down 2% (CoinDesk), showing grit. “Fear ruled,” notes Forbes (April 3)—Crypto Fear & Greed Index hit 29 (Coinpedia). But whispers of Trump softening tariffs gave a flicker of hope (Reuters, April 8).
- Wednesday, April 9 – Trump’s Tariff Pause Sparks a Rally
- Boom! At 10:00 AM PDT, Trump announced a 90-day tariff pause (except China at 125%, Reuters)—crypto went wild! BTC shot from $80,000 to $86,500 by day’s end (CoinDesk estimate), up 8%. ETH jumped to $1,900 (Coinpedia), XRP to $2.05 (Changelly)—a $200 billion market cap boost (Forbes estimate). “Relief rally hit hard,” says CNN (April 9)—X cheered “tariff timeout” (@MWellerFX).
- Thursday, April 10 (Today) – Cooling Off but Optimistic
- As of 5:38 AM PDT, BTC’s at ~$85,800 (projected, steady), ETH ~$1,880, XRP ~$2.00 (CoinDesk projections)—up slightly but calming after yesterday’s spike. Trading volume’s high—$90 billion in 24 hours (Mudrex estimate)—“markets catching breath,” notes Bloomberg (April 9). Stablecoins like RLUSD ($294M cap, Coinbase) hold firm (Reuters, April 2).
- Why the Swings?
- Tariff Chaos: Monday-Tuesday’s drops tied to Trump’s trade war—China’s 84%, Canada’s 25% (CNN, April 3)—killed risk appetite (Forbes, April 4).
- Pause Relief: Wednesday’s 90-day hold (Reuters, April 9) flipped the script—hope of talks with 70+ countries (CNBC, April 9) lifted spirits.
- Stock Sync: Crypto tracked stocks—S&P 500’s 6.4% surge (X @MWellerFX) pulled BTC up too (Bloomberg, April 9).
- Big Picture This Week:
- Market cap went from $2.65 trillion Monday to $2.85 trillion today (Mudrex estimate)—a $200 billion swing! BTC’s dominance is ~58% (CoinDesk), altcoins like XRP and SOL up 5-8% (Cointelegraph). “Volatility’s king,” says Reuters (April 9)—but the pause gave a lifeline.
GLHR Takeaway
This week’s crypto market? A wild ride—BTC fell to $78,500 (CoinDesk), then roared to $85,800 today (projected) after Trump’s 90-day tariff pause (Reuters, April 9). Tariffs tanked it early, but relief rallied it back—$200 billion added (Forbes)! Expect choppiness, but there’s hope—full scoop at glhrinvesting.com!
