Crypto Market News: Price Rally Today, Will Another Crash Follow?
**Crypto Market Bounces Back After Black Monday’s 10.92% Plunge: Is the Rebound Sustainable?**
After suffering a sharp 10.92% drop on what traders have dubbed *"Black Monday,"* the global crypto market is showing early signs of recovery. According to CoinMarketCap, the total crypto market capitalization has climbed to $2.51 trillion—marking a 3.04% increase within 24 hours. However, market participation dipped, with 24-hour trading volume falling by 12.39% to $150.17 billion.
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### **Why Is the Crypto Market Recovering?**
#### **1. Trump Tariff Pause Rumor Sparks Temporary Optimism**
The biggest catalyst behind the rebound appears to be a rumor regarding a 90-day delay in U.S. tariffs. On April 7, reports suggested that former President Donald Trump was considering a temporary suspension of tariffs on all countries except China. While the White House later dismissed the claims as "fake news," the initial headline created confusion and sparked a wave of volatility.
> *The Kobeissi Letter shared the details via X, although White House official Kevin Hassett refuted the report, emphasizing that Trump remains committed to his tough tariff stance.*
Global financial markets, including oil and equities, initially plummeted. However, Bitcoin and several altcoins managed to stage a short-lived comeback in the aftermath.
Here’s a quick rundown of the tariff developments:
- On April 6, a global 10% baseline import tariff came into effect.
- The U.S. raised tariffs on goods from China and the European Union.
- In response, China imposed a 34% tariff on U.S. imports.
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#### **2. Liquidation Data Shows Renewed Confidence**
Another key driver of the rebound is the sharp drop in liquidations. On April 7, more than 460,000 traders were liquidated, totaling $1.42 billion in losses, according to Coinglass. By today, that figure fell to 117,814 traders and $437.66 million in total liquidations.
> *This decline signals reduced volatility and growing confidence, with fewer high-leverage positions being forcefully closed.*
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#### **3. Bitcoin and Major Altcoins Post Solid Gains**
Bitcoin (BTC) led the charge in recovery. According to CoinMarketCap:
- **BTC Price:** Climbed from $76,361.56 (April 7) to $79,260.27 — a 2.75% intraday gain.
- **Market Cap:** Reached $1.56 trillion.
- **24h Volume:** $67.57 billion.
Other top-performing altcoins include:
- **Ethereum (ETH):** Up by 5.04%
- **Solana (SOL):** Up by 8.30%
- **XRP:** Up by 6.18%
These gains reflect renewed, albeit cautious, optimism among investors.
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### **Caution Ahead: Will the Crypto Market Crash Again?**
Despite the rebound, market sentiment remains fragile. The **Fear and Greed Index** is currently at **24**, signaling *"Extreme Fear"*. This is only a minor uptick from yesterday’s 23, and down significantly from last week’s 34 and last month’s 27.
This indicates lingering investor anxiety, suggesting that the market remains vulnerable to any fresh negative developments.
### **Upcoming Triggers to Watch:**
- **U.S. CPI Data (April 10)**
- **PPI Data (April 11)**
These inflation reports could heavily influence investor sentiment. In addition, further clarification—or fallout—from the Trump tariff rumors may add more fuel to the volatility fire.
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### **Conclusion**
The crypto market is showing early signs of recovery following a brutal Black Monday selloff. The rebound is being supported by declining liquidations, a resurgence in Bitcoin and altcoin prices, and market reactions to geopolitical headlines.
However, caution is warranted. The market remains deeply risk-sensitive, with the Fear and Greed Index still flashing “Extreme Fear.” Upcoming inflation data and geopolitical updates will be crucial in determining the market’s short-term trajectory.