Bitcoin (BTC) price faces a slight rejection around its $85,000 resistance level on Wednesday after recovering 3.16% the previous day. Ripple (XRP) follows BTC as it falls below its critical level, indicating weakness and a correction on the horizon. However, Ethereum’s (ETH) price broke above its key resistance level, eyeing a recovery. Traders should watch US President Donald Trump’s “Liberation Day” on Wednesday, with significant tariff announcements, which could trigger increased volatility in the cryptocurrency market due to the potential impact of reciprocal tariffs.
Solana price consolidated below $130 on Tuesday, facing mounting headwinds in April as investors grow wary of looming FTX sell-offs. Solana’s price remained pinned below $130 on Tuesday, despite a broader market recovery. While Bitcoin (BTC), Ripple (XRP), and Cardano (ADA) posted gains exceeding 3% over the past 24 hours, SOL lagged behind.
Ethereum (ETH) is up 5% on Tuesday, beginning Q2 on a positive note after experiencing its worst Q1 performance last quarter. The top altcoin could rebound in Q2 following Ethereum’s recent dominance in decentralized exchange (DEX) trading volume and the upcoming Pectra mainnet upgrade.
