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Bitcoin prices on April 13 rose 2.3 per cent to $85,330 with a current market cap of $1.7 trillion.
Other cryptos like Ethereum (currently at $1,605), BNB ($592.64) and XRP ($2.13) have also surged after hitting their five-month lows.
Bitcoin, the world’s largest cryptocurrency, has witnessed a sharp recovery in its price after US President Donald Trump’s 90-day pause on ‘reciprocal tariffs’ earlier this week. The BTC, which had hit its lowest since November 7, 2024, at around $74,000, has now recovered to rise above the $85,000 mark to hit 85,330 on Sunday.
According to Binance, bitcoin prices on April 13 rose 2.3 per cent to $85,330 with a current market cap of $1.7 trillion. Its 24-hour trading volume stood at $26.51 billion, with a circulating supply of 19.85 million.
Other cryptos like Ethereum (currently at $1,605), BNB ($592.64) and XRP ($2.13) have also jumped after hitting their five-month lows.
According to analysts, Bitcoin, Ethereum, and Dogecoin are experiencing a rally, as several encouraging events like Trump’s tariff break, the US SEC’s confirmation of Paul Atkins and approval for Ethereum ETFs options trading, have provided the critical credibility to the cryptocurrency ecosystem.
Himanshu Maradiya, founder and chairman of CIFDAQ Group, said, “Trump’s 90‑day tariff pause and its temporary cut to 10% have eased macroeconomic uncertainties and injected fresh market optimism. Market participants now expect improved liquidity and a stronger economic backdrop, which has intensified risk‑on sentiment and pushed investors toward high‑growth assets like cryptocurrencies. This shift is bolstering demand for digital assets, as investors anticipate that a less volatile geopolitical and trade environment will pave the way for stronger capital inflows into the crypto market.”
Yet not all trading partners benefited equally: China was excluded. Before the pause, US tariffs on Chinese imports had climbed to 125%, and China retaliated with duties up to 84%, deepening the trade war and disrupting global supply chains. Many investors now view this regulatory pause as a positive sign for a broader rebound in global growth prospects, he added.
Pi Network Coin
Pi Network Coin, the latest major cryptocurrency listed recently, has also saw a similar surged. It surged to $0.77 on Sunday, after hitting below $0.5 last week. In the past 24 hours, the crypto jumped 7.9 per cent on Sunday.
Pi Network is a Web3 blockchain project that allows users to mine the cryptocurrency on mobile phones, unlike Bitcoin that requires expensive mining equipment. The Pi Coins can be earned by just opening the app once daily. It was started in 2019 by Stanford graduates.
According to Pi Network’s website, “Pi Network is a community of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem.”
Pi Coin surged after its Open Mainnet launch on February 20.
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