The price of Bitcoin Today, 04/02/2025, BTC is showing a significant recovery in the last 24 hours, aiming to return to the US$ 100 mark once again. Yesterday, BTC was trading at a low of US$ 94, according to market data, but managed to recover to its current price zone. The cryptocurrency market woke up in an optimistic tone today after a turbulent start to the week marked by drops and liquidations. BTC, which yesterday reached one of the lowest prices of the year, is showing notable signs of recovery and is up more than 4% this Tuesday, currently trading at US$ 99.303,00.
The good performance is not restricted to Bitcoin. Other important cryptocurrencies, such as Ethereum (ETH) and XRP, are also operating on the rise, with gains of 7.1% and 10,4%, respectively. Solana (SOL), Dogecoin (DOGE) and Cardano (ADA) are also riding the positive wave, with gains between 5% and 6%.
The week started off tough for the cryptocurrency market and for global markets that saw fgreat corrections, following the tariff increase announced on Friday (31) by the US government. The measure, which raised taxes on Mexican, Canadian and Chinese products, rekindled concerns about inflation in the United States.
However, the financial landscape began to change yesterday afternoon, after the announcement that tariffs on Mexico and Canada had been postponed for a month. The news that the United States and the two neighboring countries had reached an agreement on border control and crime control had an immediate positive impact on the market. Within an hour, Bitcoin jumped almost $4, reaching $99.605. XRP also reacted strongly, registering a significant increase of more than 12% in the same period.
However, China was not part of the deal and responded earlier by increasing its tariffs on American imports, reigniting the trade war between the world's two largest economies. The escalating tensions between the two countries are expected to continue to pressure the cryptocurrency market in the coming weeks.
Santiment platform analysts highlighted that amid the recent backdrop, massive liquidations have rocked DeFi as Bitcoin plunged below $92K on Monday. Experts believe that this event will precede a major recovery above the $100K mark. “As the cryptocurrency hit a local bottom, Aave & Compound saw record sales of $WBTC. Aave V3 alone garnered over $23,7 million in liquidations on Monday, an all-time high. Events like these contributed to BTC’s massive recovery above $102K when things were looking bleak.”
In the same vein, following Bitcoin’s recent move, most major cryptocurrencies are seeing considerable price recoveries in the last 24 hours. Ethereum is trading at $2.769,40 with a 7.1% increase in its price. XRP is trading at $2,61 with a 7.2% increase. Cardano is trading at $0,7525 after registering a 6% increase. Solana is up 5.2% and is trading at $209,10.