Cryptocurrency Price Today (April 8): Bitcoin Slowly Recovers, Rises Above $79,000
Bitcoin (BTC), the world’s oldest and most valued crypto, rose above the $79,000 mark early Tuesday as it slowly recovers from the debacle of “Orange Monday” due to Trump tariffs. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens as the overall Market Fear & Greed Index stood at 19 (Extreme Fear) out of 100, as per CoinMarketCap data. The FARTCOIN token became the top gainer, with a 24-hour jump of nearly 33 percent. PAXG became the biggest loser, with a 24-hour loss of nearly 2 percent.
The global crypto market cap stood at $2.54 trillion at the time of writing, registering a 24-hour jump of 4.33 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $79,708.70, registering a 24-hour jump of 3.61 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 65.87 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,586.12, marking a 24-hour gain of 2.66 percent at the time of writing. Ethereum price in India stood at Rs 1.32 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 6.30 percent, as per CoinMarketCap data, currently priced at $0.1521. Dogecoin price in India stood at Rs 12.15.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 6.51 percent. At the time of writing, it was trading at $72.14. LTC price in India stood at Rs 5,810.70.
Ripple (XRP) Price Today
XRP price stood at $1.89, seeing a 24-hour jump of 5.04 percent. Ripple price in India stood at Rs 153.99.
Solana (SOL) Price Today
Solana price stood at $110.70, marking a 24-hour gain of 8.43 percent. SOL price in India stood at Rs 8,773.06.
Top Crypto Gainers Today (April 8)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Fartcoin (FARTCOIN)
Price: $0.5853
24-hour gain: 32.75 percent
Hyperliquid (HYPE)
Price: $12.38
24-hour gain: 22.36 percent
Hedera (HBAR)
Price: $0.1592
24-hour gain: 17.24 percent
Bittensor (TAO)
Price: $214.32
24-hour gain: 15.59 percent
Helium (HNT)
Price: $2.74
24-hour gain: 15.57 percent
Top Crypto Losers Today (April 8)
As per CoinMarketCap data, here are the top crypto losers over the past 24 hours:
PAX Gold (PAXG)
Price: $3,016.04
24-hour loss: 1.23 percent
Tether Gold (XAUt)
Price: $3,005.71
24-hour loss: 1.07 percent
Four (FORM)
Price: $2.01
24-hour loss: 0.55 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Alankar Saxena, CTO and co-founder, Mudrex, told ABP Live, “The crypto market is on a recovery path, with Bitcoin, Ethereum, and Solana gaining up to 15% from recent lows. Notably, Bitcoin’s rising long-term holder supply shows strong conviction despite volatility. As global markets adjust to prolonged trade fragmentation and reciprocal tariffs, Bitcoin’s role as a safe-haven asset could become prominent, adding to its upward momentum. All eyes are now on the upcoming U.S. CPI data, which could influence market sentiment. A softer-than-expected inflation data could trigger a trend reversal across markets. Currently trading at $80,700, BTC faces the next resistance at $84,000, with support remaining at $75,900.”
CoinSwitch Markets Desk noted, “BTC briefly dipped to $74,600 before rebounding to $80,800. It is currently trading around the $80,000 mark, up 2.2% over the past 24 hours. Approximately $377 million worth of BTC was liquidated during this period. BTC remains below both its 50-day and 100-day moving averages. Altcoins saw a modest recovery, with XRP, SOL, TRX, and ADA posting gains of 1.6%, 4.9%, 2.3%, and 4.6%, respectively.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin dropped below $75,000 due to rising tariff tensions, a new 2025 low and stoking the fear of the largest drawdown in the cycle. Bitcoin now trades above $79,000. Market awaits relief rally on economic damage, as fear of further losses. Ethereum is under pressure from DeFi liquidations, and estimates suggest it could drop to $1,000. Dogecoin, however, is in a recovery mode with an aim for $0.17 as the momentum picks up. Trump's aggressive tariff tactics continue to rattle global markets, and it continues to fuel crypto volatility.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “As of April 8, 2025, Bitcoin trades above $80,000 after a sharp rebound from a dip below $75,000 triggered by Trump’s tariff announcement. Market sentiment remains cautiously bullish, with strong support at $75,900 and resistance near $84,000. A looming "death cross" — where the 50-day MA nears the 200-day MA — raises bearish concerns. However, long-term holders continue accumulating, suggesting confidence in BTC’s safe-haven appeal amid global uncertainty. Short-term volatility may persist, but underlying fundamentals remain strong. Technical indicators and geopolitical factors will shape BTC's next move. Investors should watch the $84K breakout or $75K breakdown for key trend signals.”
Shivam Thakral, CEO of BuyUcoin, said, “Markets experienced significant volatility on Monday, driven by speculation surrounding a potential delay in President Trump's tariff policies. Early trading saw a sharp rally across equities and cryptocurrencies, with Bitcoin surging above $80,000 from a low of $74,400, reflecting investor optimism over a rumored 90-day pause in tariffs. However, the White House swiftly dismissed these claims, leading to a reversal in prices across markets. Despite the turbulence, analysts remain cautiously optimistic about future opportunities.”
CoinDCX Research Team noted, “After withstanding the ‘Black Monday’ market crash, the crypto markets have begun to recover, with Bitcoin marching vigorously towards $80,000. A notable rise is seen among the other altcoins, but they remain consolidated above the resistance to secure their levels. With a significant increase of over 76% in the trading volume, the global crypto market cap surged over $2.5 trillion. This suggests the markets have recovered from the recent crash, but a rise above the pivotal resistance zone may offer validation.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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