Crypto News Update: Bitcoin Stabilizes Around $80,000, But Selling Pressure Persists – Read More Here!

Present Bitcoin Value: The main cryptocurrency opened positively above $80,000, recovering from a five-month low of $77,000 yesterday attributable to tariffs imposed by U.S. President Donald Trump.

As of seven:32 AM on April 8, information from CoinMarketCap signifies that Bitcoin has risen by 2.09 p.c in comparison with yesterday, with a worth of $80,559.88 per coin. Its market capitalization stands at $1.59 trillion, and the buying and selling quantity is reported at $88.59 billion.

Moreover, Bitcoin’s market dominance at the moment sits at 62.79 p.c, reflecting a day-over-day enhance of 0.26 p.c, in line with the information.

“Presently priced at $80,700, Bitcoin faces resistance at $84,000, whereas assist is established at $75,900,” said Alankar Saxena, Co-founder and CTO of Mudrex.

Professional Evaluation: ‘On a Path to Restoration… Promoting Strain Might Persist…’

Saxena talked about that the rise in Bitcoin’s long-term holder provide demonstrates robust confidence within the asset amidst volatility. He said that the crypto market is “on a path to restoration, with Bitcoin, Ethereum, and Solana experiencing positive factors of as much as 15 p.c from their current lows.”

“As world markets adapt to ongoing commerce fragmentation and reciprocal tariffs, Bitcoin’s potential as a safe-haven asset could turn into extra vital, contributing to its upward pattern,” Saxena posited.

In line with CoinSwitch Markets Desk, Bitcoin briefly slid to $74,600 earlier than bouncing again to $80,800. “Presently, Bitcoin is buying and selling across the $80,000 threshold, up 2.2 p.c within the final 24 hours. Roughly $377 million value of Bitcoin was liquidated throughout this timeframe, remaining beneath each 50-day and 100-day shifting averages,” the report famous.

“Altcoins noticed some restoration, with XRP, SOL, TRX, and ADA gaining 1.6 p.c, 4.9 p.c, 2.3 p.c, and 4.6 p.c, respectively,” CoinSwitch Markets Desk added.

What ought to buyers look ahead to? In line with Saxena, “all consideration is now directed in the direction of the upcoming U.S. CPI information, which may influence market sentiment. We could witness a pattern reversal if inflation information is available in softer than anticipated.”

As reported by Coinglass, bullish crypto positions value about $1.5 billion have been liquidated previously 24 hours — the best stage recorded in 2025. Sean McNulty, head of APAC derivatives at digital-asset prime brokerage FalconX, knowledgeable Bloomberg that choices markets recommend the promoting stress would possibly proceed “with a big enhance within the skew for places.”

Crypto Market Replace: Ether, Tether, and Solana Achieve Floor

In line with CoinMarketCap, as of April 8, the full cryptocurrency market capitalization is $2.55 trillion, reflecting a 1.55 p.c enhance over the previous day. Moreover, the full cryptocurrency market quantity is $200.99 billion, up by 89.81 p.c.

Ether (Ethereum community), the second-largest cryptocurrency, is at the moment priced at $1,589.05, marking a 0.36 p.c rise over the past 24 hours. Its market capitalization stands at $191.76 billion, with a buying and selling quantity of $44.73 billion.

The US Greenback-pegged stablecoin Tether is buying and selling at $0.9995, with a market capitalization of $144.12 billion and a buying and selling quantity of $155.44 billion.

On April 8, Solana, a popular crypto of Donald Trump, trades at $110.90, with a market cap of $57.17 billion and quantity reaching $8.55 billion.