Crypto Price Analysis 4-10: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CELESTIA: TIA, DOGWIFHAT: WIF, JUPITER: JUP, PENDLE: PENDLE

The cryptocurrency market rallied sharply on Thursday after President Donald Trump paused tariffs imposed on almost all nations for 90 days, giving the stock and crypto markets a much-needed breather from constant volatility. The crypto market registered substantial gains, with some tokens rallying nearly 50%. 

Crypto stocks also registered significant gains, with the S&P 500 posting its third-largest single-day gain since World War 2. Bitcoin (BTC) rallied to surge past $80,000 and reach a day high of $83,453 before marginally declining to its current level. The flagship cryptocurrency has maintained its position above $80,000 and is currently up almost 6% and trading at $81,903. Ethereum (ETH) registered a substantial recovery as well, with the price rising over 8% and settling at $1,600. 

Meanwhile, Ripple (XRP) reclaimed $1 after a rally of nearly 10%, while Solana (SOL) solidified its position above $100 with an increase of almost 7%. 

Dogecoin (DOGE) , Cardano (ADA) , Chainlink (LINK) , Toncoin (TON) , Stellar (XLM) , Hedera (HBAR) , Litecoin (LTC) , and Polkadot (DOT) also registered notable increases. As a result, the crypto market cap has surged over 5% and currently stands at $2.58 trillion. 

Crypto Market Rallies As Trump Pauses Tariffs 

The crypto market rallied sharply on Thursday after President Donald Trump paused tariffs for 90 days, sparking a bull run in the equity market and bringing much-needed respite for risk assets like crypto. As a result, BTC rallied nearly 8% from a day low of $74,624 to a day high of $83,605 before registering a marginal decline and settling around $82,000. Markets rebounded thanks to a 90-day pause in reciprocal tariffs, easing investor sentiment. Paul Atkins's confirmation as the new SEC Chair also contributed to the positive sentiment. Alankar Saxena, Co-founder and CTO at Mudrex, stated, 

“The crypto market saw a strong rebound after Trump announced a 90-day pause on reciprocal tariffs, easing investor sentiment. Ethereum gained attention as the SEC approved Options on spot Ethereum ETFs, broadening the investment appeal of Ether among institutional traders. If the momentum continues, Bitcoin's rally to $100,000 is back on the table with the next major resistance at $88,600 and support at $80,000.”

Other tokens, including Ethereum (ETH), Ripple (XRP), Solana (SOL), Cardano (ADA), and others, rallied between 8% and 10%. However, tokens like ZCash and Tezos registered declines. The tariff pause and Paul Atkins’ confirmation as SEC Chair provided a boost to the crypto ecosystem, said Avinash Shekhar, Co-Founder and CEO at Pi42. 

“With regulatory clarity continuing to improve and macroeconomic conditions stabilizing, the momentum among top cryptocurrencies implies that we might be witnessing a new era of mainstream adoption and long-term appreciation in the digital asset universe.”

Crypto Stocks See Big Gains 

Crypto stocks have rallied as part of a broader market recovery following the announcement of a 90-day pause on sweeping global tariffs. Michael Saylor’s Strategy jumped almost 25%, rising to $296.86, while Coinbase rose 17% to close at $177.09, according to data from Google Finance. Crypto mining companies also saw substantial gains, with MARA Holdings (MARA) up 17%. Cipher Platforms (CIFR) rose 16.59%, while Riot Platforms (RIOT) registered a 12.77% increase. 

Most of the gains were registered during the final three hours of the trading session as markets were boosted by an afternoon post from Trump on his social media. Trump announced a 90-day pause on his global reciprocal tariffs, lowering the rate to 10% for every country besides China. Trump increased tariffs on China to 125% thanks to the country’s counter-tariffs against the US. Buoyed by the news, the S&P 500 closed 9.52% higher, its third-largest single-day increase since World War 2, while the Nasdaq 100 gained 12.02% over the day. 

“At some point, hopefully, in the near future, China will realize that the days of ripping off the USA and other Countries is no longer sustainable or acceptable.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) surged almost 10% after President Donald Trump announced a 90-day pause on sweeping reciprocal tariffs. However, he raised tariffs on China to 125% after it refused to withdraw reciprocal tariffs on the US. Countries that have not retaliated against the US tariffs have seen the tariffs drop to 10%, effective immediately. BTC, which was trading around $77,000, responded almost immediately to the news, surging past $80,000 and reaching a day high of $83,605. 

However, the rally has brought a warning from analysts at QCP Capital, who said BTC risks becoming a classic bull trap whenever the US-China trade war takes its next step. Analysts from QCP Capital cautioned investors over BTC’s latest rebound in a bulletin on Telegram. BTC and most other cryptocurrencies rallied over the past 24 hours after the 90-day tariff pause. According to QCP, investors must brace themselves for China’s next move after the US increased tariffs on the country to 125% effective immediately. 

“With China singled out so explicitly, market participants are bracing for Beijing’s counterpunch. Should retaliation materialize in force, the exuberant rally could quickly morph into a classic bull trap.”

Such a scenario would be a repeat of market behavior that unfolded earlier in the week when a rumor of a tariff pause sparked a rally and then an immediate decline. QCP cautioned analysts, stating, 

“The surprise policy pivot temporarily soothed market anxiety, driving short-end crypto vols lower. Still, we advocate caution. Our desk continues to observe topside selling in May and June, suggesting that market makers are using the rally as an opportunity to offload unwanted positions.”

BTC’s price action has shown incredible volatility over the past few weeks. The flagship cryptocurrency registered a marginal increase last Monday before registering an increase of over 3%, moving past $85,000 and the 20-day SMA to $85,152. The price surged to an intraday high of $88,624 on Wednesday as bullish sentiment intensified. However, it lost momentum after reaching this level and dropped over 3%, slipping below $85,000 and the 20-day SMA and settling at $82,525. BTC recovered on Thursday, registering an increase of 0.82%, and continued its upward push on Friday, rising 0.76% to settle at $83,828. However, bearish sentiment returned over the weekend as BTC registered a marginal drop and settled at $83,423.

Source: TradingView

BTC plunged over 6% on Sunday as markets tanked. As a result, the flagship cryptocurrency slipped below $80,000 and settled at $78,301. It faced significant volatility on Monday as rumors swirled about a tariff pause. As a result, BTC fell to a low of $74,393 before surging past $80,000 and then dropping to settle at $79,164, ultimately registering an increase of 1.10%. BTC was back in the red on Tuesday falling almost 4% to $76,283. Markets rallied on Wednesday after Trump announced a 90-day tariff pause. As a result, BTC surged over 8%, reaching an intraday high of $83,605 before settling at $82,593. The current session sees BTC down almost 1% and trading at $81,768. Buyers will look to prevent a drop below $80,000 and move towards $85,000. 

Ethereum (ETH) Price Analysis 

Ethereum (ETH) declined during the current session after registering a rally of over 13% on Wednesday. Despite the rally, ETH is struggling to recapture key levels, the latest being $1,600. Analysts have suggested it could witness a deeper correction before a sustained recovery. According to the available data, ETH has slipped below its realized price, historically considered a bearish metric. 

“Drops below the realized price often mark the capitulation phase, where investors lose confidence and begin selling en masse.”

ETH has been trading downwards, with the exception being Wednesday’s rally. It got off to a positive start the previous week, rising almost 1% on Monday and nearly 5% on Tuesday to move past $1,900 and settle at $1,905. However, it was back in the red on Wednesday as the price fell over 6%, slipping below $1,800 and settling at $1,794. ETH recovered on Thursday despite overwhelming selling pressure, registering an increase of 1.26% to reclaim $1,800 and settle at $1,817. However, buyers lost momentum on Friday as the price registered a marginal decline. Price action remained muted on Saturday as ETH registered a marginal drop to $1,805.

Source: TradingView

ETH plunged over 12% on Sunday as markets tanked, slipping below key support levels and settling at $1,580. Selling pressure intensified on Monday as ETH plunged to a low of $1,412. However, it rebounded from this level to reclaim $1,500 and settle at $1,552, ultimately registering a drop of almost 2%. Price action remained bearish on Tuesday as buyers failed to build momentum. As a result, the price dropped over 5%, slipping below $1,500 and settling at $1,472. Markets rallied Wednesday after Donald Trump announced a 90-day pause on reciprocal tariffs. As a result, ETH surged over 13%, moving past $1,500 and $1,600 and settling at $1,668. The current session sees ETH down almost 5% and trading at $1,589. If sellers retain control, ETH could slip back below $1,500.

Solana (SOL) Price Analysis

Solana (SOL) has held firm above $100 despite facing a substantial decline during the ongoing session. The Ethereum killer has been bearish since last week, surging to an intraday high of $135. However, it lost momentum after reaching this level and plunged over 7%, slipping below $120 and settling at $117. Price action remained bearish on Thursday as SOL registered a marginal decline. SOL recovered on Friday despite facing significant selling pressure, registering an increase of almost 5% to reclaim $120 and settle at $122. However, bearish sentiment returned over the weekend as SOL dropped nearly 2% to reclaim $120.

Source: TradingView

Bearish sentiment intensified on Sunday as markets tanked. As a result, SOL rose over 12% and fell to $105, with analysts fearing a deeper correction. Selling pressure persisted on Monday as SOL plunged to a low of $95. However, it rebounded from this level to reclaim $100 and settle at $106, ultimately registering an increase of over 1%. The price fell back on Tuesday, dropping 1.56%, but rallied on Wednesday, registering a rise of 12.99% and settling at $119. The current session sees SOL down over 4% and trading at $113, looking to maintain its position above $100.

Celestia (TIA) Price Analysis

Celestia (TIA) has traded between $2 and $2.70 since the beginning of the week, as sellers look to breach $2 and buyers attempt a move to $3. TIA registered a substantial decline on Wednesday, dropping over 7%, slipping below $3 and settling at $2.92. Sellers retained control on Thursday as TIA plunged to a low of $2.65 before settling at $2.82, ultimately registering a decline of 3.25%. Price action remained bearish on Friday, with the price registering a fall of almost 4% and settling at $2.72.

Source: TradingView

TIA remained firmly in the red on Saturday, registering a drop of 1.19% to $2.68. Bearish sentiment intensified on Sunday, with the price dropping almost 13%, slipping below $2.50 and settling at $2.34. Selling pressure persisted on Monday as TIA plunged to a low of $2.14. However, it rebounded from this level to register an increase of almost 6% and settle at $2.48. The price was back in the red Tuesday, dropping over 6% and settling at $2.33. Markets rallied on Wednesday, and TIA surged over 9%, reclaiming $2.50 and settling at $2.55. The current session sees TIA marginally up as buyers and sellers struggle to establish control.

Dogwifhat (WIF) Price Analysis

Dogwifhat (WIF) registered a sharp drop on Wednesday, falling almost 12% to $0.373. The price recovered on Thursday despite overwhelming selling pressure, registering an increase of 2.56% and settling at $0.383. Buyers retained control on Friday as WIF registered a rise of 1.27% and settled at $0.388. However, WIF lost momentum over the weekend, registering a marginal drop on Saturday before plunging almost 14% on Sunday to end the week on a bearish note at $0.334.

Source: TradingView

WIF experienced volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price registered an increase of almost 3% and settled at $0.344. Sellers returned to the market on Tuesday as WIF dropped over 7% to $0.318. However, it rallied on Wednesday, registering an increase of 16.49% and settling at $0.371. WIF is down almost 2% and trading at $0.365 as sellers attempt to lower the price.

Jupiter (JUP) Price Analysis

Jupiter (JUP) slipped below a key support level on Wednesday, dropping over 10% to $0.380. The price recovered on Thursday despite overwhelming bearish sentiment, registering an increase of 2.33% and settling at $0.389. Buyers continued to push higher on Friday as JUP registered an increase of almost 4% to reclaim $0.40 and settle at $0.404. However, JUP lost momentum over the weekend, dropping over 5% on Saturday and 12.12% on Sunday, slipping below key support levels and settling at $0.337.

Source: TradingView

JUP experienced volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as JUP registered a marginal increase. Price action turned bearish on Tuesday, dropping over 2% to $0.331 before rallying on Wednesday and settling at $0.378. The current session sees JUP down over 4% and trading at $0.362.

Pendle (PENDLE) Price Analysis

Pendle (PENDLE) rallied to an intraday high of $3.32 on Wednesday. However, it lost momentum after reaching this level and dropped over 2%, slipping below $3 and settling at $2.96. The price plunged to a low of $2.71 on Thursday but rebounded to register an increase of almost 8% and settle at $3.18. Price action remained positive on Friday as PENDLE registered a marginal increase. However, it lost momentum over the weekend, dropping 3.72% on Saturday and over 14% on Sunday, slipping below the 20 and 50-day SMAs and settling at $2.63.

Source: TradingView

PENDLE encountered volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price rose almost 9%, moving past the 20 and 50-day SMAs and settling at $2.86. The price fell back in the red on Tuesday, losing momentum after reaching an intraday high of $3.20 and dropping over 5% to $2.71. PENDLE registered a substantial rally on Wednesday, rising over 23% to move past $3 and settle at $3.34. The current session sees PENDLE down over 1% and trading at $3.30.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.