Bitcoin is making headlines again after a dramatic comeback driven by renewed market confidence and key geopolitical developments. The recent 90-day suspension of reciprocal tariffs by U.S. President Donald Trump has acted as a catalyst for the rally, propelling BTC and other digital assets to reclaim lost ground.
Bitcoin Leads the Crypto Rally
After briefly plunging to a five-month low near $74,000, Bitcoin has rebounded sharply to hit $85,330 as of Sunday, April 13. This marks a 2.3% gain in a single day, according to Binance. The leading cryptocurrency now holds a market capitalization of $1.7 trillion, with a 24-hour trading volume of $26.51 billion and a circulating supply of 19.85 million.
Ethereum, BNB, and XRP have also shown strong recovery signs. Ethereum is currently trading around $1,605, BNB at $592.64, and XRP at $2.13—all bouncing back after recent multi-month lows.
Analysts attribute this renewed momentum to a combination of favorable macroeconomic signals and regulatory developments. The U.S. Securities and Exchange Commission’s approval of options trading on Ethereum ETFs and the confirmation of Paul Atkins to a key SEC post have boosted investor confidence in the crypto ecosystem.
Tariff Pause Sparks Risk-On Sentiment
Himanshu Maradiya, founder and chairman of CIFDAQ Group, noted that the temporary reduction of U.S. tariffs to 10% has calmed macroeconomic concerns, leading to improved liquidity expectations and a noticeable shift in market sentiment. “Investors are moving back into high-growth assets,” Maradiya said. “Crypto stands to benefit as geopolitical uncertainty eases and capital flows resume.”
However, China remains sidelined in this positive momentum. Previously burdened by U.S. import tariffs as high as 125%, China retaliated with duties up to 84%, worsening global trade tensions. Despite the temporary pause, these elevated tariffs have yet to be resolved, leaving Chinese trade prospects uncertain.
Still, global markets appear to be interpreting this regulatory breather as a potential signal of broader cooperation ahead—raising hopes for improved global trade dynamics and a more supportive environment for digital assets.
Spotlight on Pi Network Coin
While legacy cryptocurrencies dominate headlines, Pi Network Coin is quietly gaining traction. The recently listed coin surged to $0.77 on Sunday, marking a 7.9% increase in just 24 hours. Last week, it was trading below $0.50.
Pi Network is a Web3 blockchain platform that enables users to mine cryptocurrency directly from their mobile devices. Launched in 2019 by a group of Stanford graduates, the project aims to create a widely accessible crypto ecosystem. According to its official website, “Pi Network is a community of tens of millions of users mining and using Pi to support Web3 applications.”
The coin’s surge follows the Open Mainnet launch on February 20, signaling increased adoption and market validation. Unlike Bitcoin’s energy-intensive mining process, Pi’s mobile-first model could reshape participation in blockchain networks.
As market trends continue to shift, Bitcoin’s rally and the rise of platforms like Pi Network underscore the evolving nature of digital finance. With easing trade tensions and regulatory green lights, investors are watching closely for what’s next in this high-stakes market.