From Yahoo Finance: 2025-04-04 01:45:00

Traders shift focus from oversold market and U.S. tariffs to new economic data and potential rate cuts. Crypto markets experience volatility pre-tariff announcement, with major tokens like bitcoin, ether, and XRP fluctuating. Prices rise on Friday morning, with BTC above $83,100 and other tokens seeing gains. Investors move significant volumes of Bitcoin, ETH, and XRP to exchanges pre-speech, indicating intent to sell. Coinbase notes rise in bitcoin deposits from large holders. Exchange inflows spike for ETH and XRP, reflecting growing economic uncertainty. Investors close long positions in Bitcoin and ETH as demand declines in perpetual futures market. New economic data set to be released, including non-farm payroll report, could provide short-term relief in markets. Market anticipates signs of weakness in U.S. labor market, potentially leading to further Fed rate cuts in 2025. Bitcoin reacts positively to rate cuts, driving investors towards alternative investments like BTC. Elevated volatility persists in the short term, with more buyers of downside protection. Despite volatility, a near-term bounce could be on the horizon.

Read more: BTC, ETH, XRP Set for a Near-Term Bounce as Attention Turns to Rate Cuts