Former BitMEX CEO Arthur Hayes, for one, commented on the latest market turmoil and cautioned Bitcoin traders about potential volatility in the coming weeks.

In a post on X, Hayes stated,

“Market no likey ‘Liberation Day.’ If $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don’t get chopped up!”

Bitcoin’s Recovery Not Yet Confirmed

His comments come as Bitcoin’s price dropped toward $82,000 while gold surged past $3,150, reacting to heightened global uncertainty following US President Donald Trump’s sweeping tariff announcements.

The Trump administration imposed a 10% tariff on all countries starting April 5, with steeper rates for major economies such as China (34%), the European Union (20%), and Japan (24%). The move, announced during an April 2 speech in the Rose Garden, was accompanied by a national emergency declaration, which further rattled financial markets.

The crypto market initially reacted positively to the announcement. However, as the broader implications became clear, prices reversed sharply across the board. Bitcoin rallied to a high of $88,500 before retreating to a low of around $82,200. Meanwhile, Ethereum saw a sharper decline, as it fell from $1,934 to $1,797. During this time, the total crypto market cap dropped by over 5% to $2.7 trillion.

The price action, so far, aligns with Glassnode’s analysis which revealed that Bitcoin is starting to show signs of near-term seller exhaustion, but a renewal of sustained bullish momentum, is yet to transpire.

The blockchain intelligence form explained that after reaching its $109K peak in January, BTC continues to “digest” the correction, with growing evidence of investor losses being realized. Despite price stabilization within the $76K-$80K demand zone, on-chain momentum indicators suggest that these recoveries could be short-lived and part of a larger downtrend rather than a true market reversal.

Avoiding Extended Turbulence

Hayes’ latest remarks suggest that Bitcoin’s ability to maintain key support levels until April 15, the US tax deadline, could determine whether the crypto market stabilizes or faces extended turbulence.

Interestingly, Hayes recently predicted that Bitcoin could surpass $250,000 by year-end, while citing expanding fiat supply as the key driver. He also said that he anticipates a strong 2025 rally if the US Federal Reserve shifts to quantitative easing (QE), injecting liquidity into the economy.

TL;DR

• Ripple (XRP) rebounded from the sub-$2 levels. One analyst believes its performance in the short term will depend heavily on Bitcoin’s fluctuations.
• Others forecasted a move to $2.50 – $3, fueled by favorable legal outcomes, institutional interest, and potential momentum above the $2.13 breakout zone.

The Next Potential Moves

The cryptocurrency market witnessed another correction in the past several hours following the latest wave of trade tariffs implemented by US President Donald Trump. Ripple’s XRP, which was holding above $2.15 prior to the announcement, briefly tanked under $2. Shortly after, it registered a slight rebound and currently trades at around $2.04 (per CoinGecko’s data). 

Numerous analysts noted the asset’s latest pullback, projecting interesting targets for the short term. The X user CRYPTOWZRD said XRP now tests the $2 daily support level, adding that “we need a reversal from this location.” They also assumed that the performance of Ripple’s cross-border token would depend on Bitcoin:

“Whatever Bitcoin does, XRP will follow that. No altcoins can escape while Bitcoin is crashing.”

The primary cryptocurrency, which surged past $88,000 at one point on April 2, nosedived to almost $82,000 after the escalation of the trade war. As of this writing, it is worth approximately $83,300, representing a 5% decline on a weekly scale.

BlockchainBaller was much more bullish, forecasting that XRP could soar to the $2.50-$3 range this month, driven by favorable legal outcomes and increased institutional adoption. 

It is important to note that major developments on the legal front have already played a role in the asset’s price performance.

Last month, Ripple’s CEO revealed that the US SEC had dropped its appeal against the company, describing this as the end of the lengthy lawsuit. Several days later, CLO Stuart Alderoty said the firm will withdraw its cross-appeal and pay a penalty of $50 million (instead of the previously ruled $125 million). He said the $50 million is already in an interest-bearing account, whereas the remaining amount will be returned to Ripple.

The only missing conclusion of the case seems to be an official statement from the SEC, which may be released in the following days. However, it remains doubtful whether such a disclosure would fuel a rally for XRP, as it could have already been priced in. 

The Potential Breakout Zone

Several hours before the latest correction, Crypto General claimed that XRP is still consolidating above the breakout zone of $2.13 “and is holding it strong.” 

The analyst predicted that the next bull run could be ignited by an upswing above that mark, promising to “add heavy bag” once that happens. 

As mentioned above, though, XRP headed south instead of breaking beyond the depicted target. 

[PRESS RELEASE – VICTORIA, Seychelles, April 3rd, 2025]

April 1, 2025 marks the 5th anniversary of BYDFi, a globally renowned crypto trading platform. Over the past five years, BYDFi has evolved from a rising platform focusing on “lightweight contract trading” to a diversified ecosystem offering spot, perpetual contract , strategic trading, and on-chain Memecoin assets. With a series of breakthroughs and legendary milestones, BYDFi has completed a remarkable transformation, from inception to exponential growth. Now, the platform celebrates this important milestone with a grand anniversary celebration, reflecting on a journey marked by innovation, resilience, and growth.

BYDFi’s Evolution: A Leap in Brand Growth

BYDFi’s rapid rise in the crypto field is reflected in a series of key milestone events:

• April 2020: The platform officially launched, marking BYDFi’s entry into the cryptocurrency trading market.
• May 2021: The platform expanded to support over 500 spot trading pairs.
• August 2022: The platform introduced perpetual contract trading, offering over 150 contract pairs and providing flexible leverage from 1x to 200x.
• January 2023: Completed a global brand strategy upgrade and was listed on authoritative data platforms CoinMarketCap and CoinGecko, garnering widespread international attention.
• December 2023: Ranked by Forbes as one of the world’s top 10 crypto exchanges, a position it continues to hold.
• October 2024: Ensured that all platform assets are fully backed with at least 1:1 reserves, and began publishing periodic Proof of Reserves (POR) reports, setting the highest standards for asset security.
• November 2024: Officially joined the South Korea CODE VASP alliance, laying the foundation for future regulatory compliance in the Korean market.
• December 2024: Completed a comprehensive upgrade of the perpetual contract system, introducing three major features: new positions allowed even without unrealized profits, bidirectional long/short position support for hedging, and shared account funds under full margin mode to reduce liquidation risks.

2025 and Beyond: Expanding Web3 Products and Strategic Brand Partnerships

On April 3, 2025, BYDFi will launch its Web3 on-chain trading tool, BYDFi MoonX, which focuses on the booming Memecoin market. Supporting both Solana and BNB Chain, MoonX introduces three key breakthroughs:

Performance Breakthrough:

Combining the smoothness of centralized exchanges (CEX) with the flexibility of decentralized exchanges (DEX), it leverages advanced technology to achieve near-instant transactions and minimal slippage, providing users with an ultra-smooth trading experience.

Functional Breakthrough:

Fast Listing: Ensures that users can trade the latest Memecoins instantly, accurately targeting the next 1000x Memecoin and seizing market opportunities.

Smart Risk Control: Supports take-profit, stop-loss, and Sell Half on a Double, with an automated system that recycles capital to enable “zero-cost positions.”

Copy Trading System: Exclusively offering “Smart Money Tracking” and “Trading Signal Copying” features, users can track whale addresses in real-time.

Convenient Operation: Retains CEX-level features like limit orders and one-click buy/sell, eliminating the hassle of repeated wallet authorizations.

Experience Breakthrough: From mainstream Crypto assets to Web3’s hot Memecoins, users can seamlessly switch and trade freely with just one account. MoonX eliminates complex connection processes and wallet switching, offering a truly “one-click” experience.

Meanwhile, BYDFi has entered into a strategic partnership with hardware wallet manufacturer Ledger, launching a co-branded wallet that further enhances the security of user assets. The product is currently in production and is expected to be launched soon.

A Vision for the Future: Insights from BYDFi Co-Founder

Since its inception, BYDFi has served users in over 150 countries and regions. Reflecting on the past five years and looking ahead to the next phase of growth, BYDFi Co-Founder Michael shares:

“BYDFi’s journey is more than just a historical timeline—it’s a strategic transformation. Over the past five years, we have continuously pushed boundaries, we have continuously pushed our limits, with our product architecture undergoing multiple rounds of innovation and upgrades. At the same time, our brand recognition in the global market has been steadily increasing.”

He further adds, “Our core competitive edge lies in our ability to respond quickly to market trends. In product development, we always adhere to one principle: turning trends into products and simplifying complexity into user-friendly solutions. Whether it’s the launch of Copy Trading or deepening Memecoin trading on-chain, we remain at the forefront of the industry. The future of the crypto world demands products with lower barriers to entry, greater openness, and a deeper understanding of user behavior.”

BYDFi 5th Anniversary Celebration: $100,000 Prize Pool

In celebration of its fifth anniversary, BYDFi has launched a series of exciting events:

• Deposit Rebates and Prize Pool: Users who make deposits during the event period can enjoy generous rebates and a chance to share in the $100,000 prize pool.
• Red Envelope Rewards and Token Airdrops: The platform will distribute rich gifts and excess tokens via red envelope rewards and airdrops to users.

For more event details, please visit the official website: BYDFi 5th Anniversary.

About BYDFi

Founded in 2020, BYDFi is a Forbes-recognized top 10 global cryptocurrency exchange trusted by over 1,000,000 users worldwide. BYDFi is committed to providing a world-class crypto trading experience for users globally. BUIDL Your Dream Finance.

• Website: https://www.bydfi.com
• Support Email: CS@bydfi.com
• Business Partnerships: BD@bydfi.com
• Media Inquiries: media@bydfi.com

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