Bitcoin’s Bizarre Love Triangle with Macro Heat 🌞💔📈

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Oh joy, another week in the crypto world has passed, leaving us all wondering if we’ve been transported to a parallel universe where excitement is replaced with the thrill of watching paint dry. Bitcoin (BTC) 🐐, the king of cryptocurrencies, managed to hold onto the $83K level without breaking a sweat or making any significant moves. Meanwhile, Ethereum (ETH) 💎, Solana (SOL) 🌊, and XRP 💦prices followed suit, mirroring the same sluggish action. It’s like they’re all part of a synchronized swimming team, except instead of water, they’re gliding through a pool of apathy.

But wait, there’s more! The latest announcement by Donald Trump 🦅 regarding reciprocal tariffs has sent shockwaves through global markets, causing even risk assets to feel the macro heat. It’s like someone lit a fire under the market’s seat, and everyone’s scrambling to find the nearest extinguisher. Below are some of the top market updates reported by CoinGape Media 📰 over the past week, so buckle up, folks. This ride might get bumpy.

Crypto Market: When Macroeconomics Decides to Crash the Party 🎉💥

This week, the crypto market faced some serious macroeconomic pressure, as if it needed another reason to feel unloved. CoinGape reported that the manufacturing PMI and JOLTS data came in weaker than expected, adding insult to injury. The March PMI data dropped to 49, below expectations of 49.5 and lower than the 50 recorded in February. And let’s not forget the U.S. JOLTS job openings for February, which stood at a measly 7.568 million, falling short of the expected 7.690 million and lower than the 7.762 million recorded in January. All of this points to a bearish outlook for the broader market, and the crypto market isn’t immune to the drama.

As a result, Bitcoin and Ether prices have been left twiddling their thumbs, unable to make any significant gains. And just when you thought things couldn’t get any worse, Donald Trump’s Liberation Day 🎆💥, the tagline for his proposed reciprocal tariffs on other countries, has added to the pressure on broader markets. It’s like the market is stuck in a never-ending game of whack-a-mole, with macroeconomic factors popping up left and right.

The Weekly Price Parade: Bitcoin, Ether, and Friends 🎭💸

BTC price 📈 experienced a marginal 0.5% jump in the past seven days, closing in at the $83K level. In the past 7 days, the flagship crypto stooped as low as $81K whilst also touching a $87K high. It’s like watching a yo-yo, but instead of a toy, it’s your life savings on the line.

ETH price 📉 saw a drop of nearly 2% weekly and exchanged hands at the $1,800 level. Ethereum hit a bottom of $1,700 whilst also nearing a high of $2,000 this week. It’s like playing a game of seesaw, except instead of children, it’s the value of your investment.

SOL price 📉fell by roughly 5% over the week to reach $120. The crypto’s weekly high and low was $135 and $112, respectively. It’s like riding a rollercoaster, but instead of screams of delight, it’s the sound of wallets being emptied.

XRP price 📉 mimicked the broader crypto market trend, dipping over 2% in seven days to $2.13. Ripple‘s coin is consolidating despite speculations of an imminent settlement of the lawsuit against the U.S. SEC. It’s like waiting for a bus, except instead of a bus, it’s the resolution of a legal dispute.

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2025-04-06 08:37