Bitcoin rises above $79,600 on tariff negotiation hopes; Solana, Dogecoin jump over 6%

Cryptocurrencies rebounded sharply on Tuesday, with Bitcoin climbing above $79,600 as investor sentiment improved amid speculation that the U.S. may soften some of its proposed tariffs. The gains followed a broad selloff in recent sessions driven by concerns over global trade tensions.

As of 1:14 PM IST, Bitcoin was trading at $79,648, up 3.13% over the past 24 hours. It touched an intraday high of $81,119. Ethereum rose 2.14% to $1,584. The global cryptocurrency market capitalisation climbed nearly 3% to $2.52 trillion.

The recovery reflected a shift in global risk appetite, with U.S. Treasury yields rising from six-month lows, gold edging down, and oil bouncing back from near four-year lows. Traders appeared to rotate out of safe-haven assets and back into riskier bets, including digital currencies.

“The crypto market is showing early signs of recovery, led by Bitcoin, Ethereum, and Solana,” said Alankar Saxena, Co-founder and CTO at Mudrex.

“Bitcoin’s long-term holder supply continues to rise, indicating confidence despite recent volatility. If global trade tensions ease and macro data such as U.S. inflation comes in softer, it could further support this rebound.”According to Saxena, Bitcoin is currently trading near $80,700, with key resistance at $84,000 and support at $75,900.

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Altcoins mirrored the positive trend. Solana jumped 8.8%, Dogecoin rose 6.6%, Cardano gained 6.9%, and XRP advanced 6.5%. BNB was up 3%, while Toncoin, Tron, Chainlink, Avalanche, and Shiba Inu posted gains between 3–8%.“Altcoins are bouncing back as well, with Solana, Cardano, and Avalanche showing strong upward momentum,” said Vikram Subburaj, CEO of Giottus.
“Ethereum is holding well above the $1,500 level, which may act as a short-term floor if Bitcoin remains stable above $80,000. However, the market remains highly sensitive to any developments around U.S. tariffs.”

The Crypto Fear & Greed Index remained in the “Extreme Fear” zone, reflecting ongoing investor caution despite the price recovery.

Bitcoin’s market cap rose to $1.582 trillion, though its dominance in the broader crypto market slipped slightly to 62.58%. Daily trading volume surged over 70% to $84.59 billion. Stablecoins accounted for more than 94% of total market volume, reaching Rs 180.78 billion, according to CoinMarketCap.

Also Read: What lies ahead for Altcoins: Looking at the future of diversified portfolios

Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin

Market sentiment remains cautiously bullish, with strong support at $75,900 and resistance near $84,000. A looming “death cross” — where the 50-day moving average approaches the 200-day MA — raises bearish concerns. However, long-term holders continue accumulating, signaling confidence in Bitcoin’s safe-haven appeal amid global uncertainty.

Short-term volatility may persist, but underlying fundamentals remain strong. Technical indicators and geopolitical factors will shape Bitcoin’s next move. Investors should watch for a breakout above $84,000 or a breakdown below $75,000 for key trend signals.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)