Bitcoin maintains 93,000 Dollar, signs of change in Ethereum after Trump tariff shock in the cryptocurrency market

## Cryptocurrency Market Status

In the cryptocurrency market, Bitcoin (BTC) is at $93,617, up +0.81% compared to the previous day.

BTC/USD Daily

The recent softening of the Trump administration’s stance towards trade countries and the Federal Reserve (FRB) has gradually eased the market turmoil surrounding the Trump tariff shock.

Recently, President Trump highlighted the vulnerability of the U.S. bond market by reverting the tariff increase against most countries, excluding China, back to a 10% baseline in just two days. This abrupt turnaround is seen as a response to the rapid rise in the yield of the U.S. 10-year treasury bond from below 4% to 4.5% following the tariff announcement.

Saifedean Ammous, the author of “The Bitcoin Standard,” analyzed that “Mr. Trump fought against the bond market, and the market won.”

The rise in yields has brought about results that are in stark contrast to the government’s intentions, and the fact that policies were reversed in just half a day has significantly undermined the United States’ negotiating position and advantage.

On the other hand, the Bitcoin market continues to show positive movements. The outflow of BTC from cryptocurrency exchanges has reached a two-year high, and the 100-day moving average of net inflows has recorded a two-year low. This suggests that investors may be reallocating their assets to cold wallets for reaccumulation.

Notably, while the exchange’s BTC balance has decreased by 7% since the beginning of the year to 2,535,000 BTC, whales (large investors) holding between 1,000 and 10,000 BTC have been actively accumulating since March of this year. They are steadily building up their assets even amidst panic selling by small investors.

Analysts from Nexo Dispatch, which issues a weekly newsletter on the cryptocurrency market, pointed out that “Bitcoin appears to be traded not as a risk asset like tech stocks, but as a hedge against economic instability.”

Trends of Ethereum

The Ethereum development team is advancing the implementation of Data Availability Sampling (DAS) technology to improve the processing capacity of the blockchain. This technology allows for the verification of information’s existence without downloading the entire dataset, which is expected to significantly enhance the efficiency of the network.

According to Vitalik Buterin, more than 140,000 people participated in the KZG setup, which is the cryptographic foundation for realizing Ethereum’s next-generation scaling solution, making it the largest scale of its kind in history. The collaborative work by a large number of participants is said to contribute to the overall security of the system.

Alongside these technological advancements, the market indicators for Ethereum (ETH), which had been on a downward trend for a long time, are also showing signs of reversal.

According to an analysis by CryptoQuant analyst Carmelo Aleman, the number of active addresses for Ethereum increased by 9.85% from April 20 to April 22.

An active address refers to a unique wallet that sends and receives transactions, and an increase in this metric indicates heightened user engagement. However, Mr. Aleman points out that it is necessary to analyze this metric not in isolation but in conjunction with other factors such as transaction volume and transaction fees (gas fees).

During the same period, the price of ETH broke through the resistance line of $1,650 and rose to the $1,790 range.

ETH/USD Weekly

Bitcoin (BTC) news and price

BTC Exchange Comparison | Fees, Spreads, Accumulation, Lending Coins

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You can find the list of market reports published in the past here.