In the face of instability in global financial markets, cryptocurrencies have begun to show growth. Bitcoin and Ethereum have shown price increases, indicating a growing interest in digital assets.
Rising Cryptocurrency Prices
On April 9, Bitcoin reached $77,342, increasing by 0.40% over the past 24 hours. Ethereum also showed a 0.34% increase, reaching $1,471, while XRP rose by 0.48% to $1.81.
Market Reaction to Tariffs
The rising tariffs announced by U.S. President Donald Trump elicited a positive reaction in the cryptocurrency market. The new tariffs affected many countries, with China facing the highest rate of 104%, while India, South Korea, and Japan were also impacted.
Trading Activity in the Crypto Market
Despite outflows from Bitcoin spot ETFs, trading volumes in the crypto market surged significantly. Over the last 24 hours, Bitcoin's trading volume reached $55.5 billion, while Ethereum saw $27 billion in transactions, reflecting high trader interest in digital assets.
Cryptocurrencies continue to show positive dynamics amid declines in traditional financial markets, attracting the attention of investors seeking protection from economic uncertainties.
