Americas Crypto Market Insight: Bitcoin Price Surges Despite Trump's Tariff Uncertainty

By Omkar Godbole (All times ET unless specified otherwise) The bitcoin price is gaining momentum, increasing by over 2% to exceed $84,000, driven by memecoins and followed by tokens related to artificial intelligence and gaming. Meanwhile, in traditional markets, gold has reached a new record high of over $3,140, and futures for major US equity indices indicate a positive start. President Donald Trump has announced a firm yet "very kind" approach to all trading partners ahead of the planned reciprocal tariffs announcement on Wednesday. Despite this, market sentiment reveals apprehension, likely due to uncertainty surrounding tariffs. An aggressive move could increase inflation expectations, leading to lower prices for risk assets, including cryptocurrencies. According to reports, the Treasury and other federal agencies are expected to disclose their bitcoin and other token holdings on April 5, in line with the March 11 document that required such disclosure within 30 days of Trump's March 6 decision to form a strategic crypto reserve through an executive order. However, some indicators suggest caution. For example, bitcoin's one-year percentage change is approaching the negative zone, according to crypto research firm Alphractal. The firm notes that out of the four times this has happened, three led to bearish movements, while one had no significant effect. The apparent demand for BTC, derived from the flow of coins into exchanges and adjusted for factors including net outflows, now shows the most negative values in over a year, according to data source CryptoQuant. In other news, decentralized AI data liquidity network Vana has introduced the VRC-20 data token standard for fair and transparent data token transactions. "For data markets to work, tokens must be reliable, secure, and useful. As a universal standard for data-backed tokens, VRC-20 delivers this by ensuring fair and transparent data token trading," Vana said on X. Elsewhere, the MOVE Index, which measures the 30-day implied volatility for US Treasury notes, is rising. A volatile Treasury market often leads to global financial tightening, resulting in reduced demand for risk assets. Remain vigilant. Key Events to Watch Upcoming Token Events Conferences Token Talk By Shaurya Malwa Derivatives Positioning Market Trends Bitcoin Statistics: Technical Analysis Crypto Equities ETF Flow Updates Spot BTC ETFs: Spot ETH ETFs Source: Farside Investors Overnight Market Flows Chart of the Day While You Were Sleeping In the Ether