Market updates
Bitcoin Nears $85K Amid Trade Optimism and Fed Hints at Rate Cuts
Boshlovchi
2025-04-15 | 5m
Bitcoin rose slightly to just under $85,000 as investors responded positively to improved trade discussions between the U.S. and the EU. At the same time, Federal Reserve Governor Christopher Waller suggested that if former President Trump’s tariffs are reinstated, the central bank may cut interest rates significantly. These “bad news” cuts would aim to protect the economy from a deeper slowdown or potential recession. The EU also decided to delay new tariffs on U.S. products until mid-July, giving both sides more time to negotiate, which boosted investor confidence.
Bitcoin's slight upward move was supported by stronger fundamentals in its network. According to analysts at Swissblock Technologies, the number of new participants is growing and liquidity is becoming more stable, reducing the wild price swings seen earlier in the year. This solid foundation may support a more sustained price rally in the near future.
Alongside Bitcoin, other top cryptocurrencies like Ether, Solana (SOL), and Avalanche (AVAX) also posted gains. Stocks also performed modestly well, with Nasdaq and SP 500 rising, while crypto-linked stocks like Strategy (MSTR) and MARA Holdings saw about 3% increases.
Market sentiment appears cautiously optimistic as trade and monetary policy developments unfold.
Source:
CoinDesk
Futures Market Updates
Over the past 24 hours, both BTC and ETH futures saw a modest increase in open interest, with BTC rising 2.31% to $57.69B and ETH up 1.75% to $18.03B, suggesting sustained investor engagement. However, BTC futures experienced a sharp 29.80% drop in trading volume, while ETH's volume dipped only slightly by 2.58%, indicating relatively more consistent activity in ETH markets. ETH futures saw higher total liquidations ($52.7M) compared to BTC ($38.3M), reflecting greater volatility or leverage usage. The long/short ratios for both assets remain close to neutral, though BTC leans slightly long (50.24%) while ETH leans slightly short (50.35%). Funding rates are similarly positive and low for both, indicating balanced market sentiment.
BTC Futures Updates
Total BTC Open Interest: $57.69B (+2.31%)
BTC Volume (24H): $87.47B (-29.80%)
BTC Liquidations (24H): $20.09M (Long)/$18.24M (Short)
Long/Short Ratio: 50.24%/49.76%
Funding Rate: 0.0031%
ETH Futures Updates
Total ETH Open Interest: $18.03B (+1.75%)
ETH Volume (24H): $44.69B (-2.58%)
ETH Liquidations (24H): $29.45M (Long)/$23.25M (Short)
Long/Short Ratio: 49.65%/50.35%
Funding Rate: 0.0034%
Top 3 OI Surges
GPS: $122.49M (+1210.61%)
VTHO: $35.79M (+401.42%)
METIS: $29.34M (+281.55%)
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