Bitcoin's Wild Ride, Ripple's Big Move, Tariff Plunge, And More: This Week In Crypto

Ananya Gairola

April 13, 2025

The past week in the world of cryptocurrency was nothing short of eventful. The market saw significant fluctuations, largely influenced by President Donald Trump’s tariff announcements. Bitcoin (CRYPTO: BTC) soared to new heights, only to tumble shortly after. Meanwhile, Ripple (CRYPTO: XRP) made headlines with a bold acquisition and a promising forecast.

Here’s a recap of the top stories.

Bitcoin Soars Amid Tariff Announcements

Bitcoin reached a staggering $82,000 this week, following a short squeeze that liquidated $75 million in bearish bets within an hour. This surge came after President Trump announced a 125% tariff on China while pausing reciprocal tariffs on 75 other countries for 90 days.

Read the full article here.

Crypto Market Cap Drops Following Tariff Announcement

Following President Trump’s sweeping tariff announcement, the cryptocurrency market cap dropped 2.80% in 24 hours to $2.54 trillion. This came after Trump imposed a 145% duty on Chinese imports and a 10% universal tariff on most other goods.

Read the full article here.

See Also: Bitcoin, Ethereum, XRP, Dogecoin Rally And ‘Could Be In For A Very Fun Weekend’ If One Key Level Flips

XRP To Overtake Ethereum By 2028, Predicts Standard Chartered

Standard Chartered has forecasted that XRP’s market capitalization will surpass Ethereum’s by the end of 2028. This bold prediction was made by Geoffrey Kendrick, head of digital assets research at Standard Chartered, who highlighted XRP’s growing role in cross-border payments.

Read the full article here.

Ripple Acquires Prime Broker Hidden Road

Ripple, the blockchain firm behind XRP, has agreed to acquire prime brokerage firm Hidden Road in a deal valued at $1.25 billion. This acquisition marks Ripple’s most significant move yet to expand its offerings for institutional clients, according to CEO Brad Garlinghouse.

Read the full article here.

Bitcoin May Decouple From Stocks Amid Tariff-Fueled Recession

Bitcoin may have become increasingly correlated with stocks amid escalating trade war concerns, but one analyst predicts a deteriorating economic environment will eventually decouple the apex cryptocurrency from the risk-on sector. Michael Terpin, CEO of Transform Ventures, believes the ongoing tariff wars could trigger a recession, disrupting supply chains and causing job losses.

Read the full article here.

Read Next:

Bitcoin Investor Turns Daily $30 Purchases Into $1 Million Portfolio In 7 Years, 10 Months And 12 Days

Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Ananya Gairola

Recommended

Trump Signals "End of M.A.G.A." - Ad

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

What to Stream: 'Andor,' 'Babygirl' and new Wu Tang Clan music

NEW YORK (AP) — The second season of the Star Wars series “Andor” and the streaming release of the Wu Tang Clan's latest album are some of the new television, films, music and games near you.

America's No. 1 Ratings System Signals Top 3 Stocks for Current Market

America's No. 1 Ratings System Signals Top 3 Stocks for Current Market - Ad

Can you still profit in this market? Weiss Ratings says yes--if you pick the right stocks. Their system called Apple at $0.57, Nvidia at $0.41, and Netflix at $3.72. Now it's flashing green on 3 new picks for 2025--and you can get the tickers free.

Nvidia's 'Do Not Enter' Sign: Caught In A Category 5 Tariff Storm

High-stakes poker game between U.S. and China heats up as Nvidia faces restrictions on chip sales to China, signaling strategic significance.

Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

WASHINGTON (AP) — The Trump administration plans to eliminate the IRS' program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.

Elon's Biggest Secret Could Save Your Retirement

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Paige Bueckers talks about her investment stake in Unrivaled league on 'Good Morning America'

NEW YORK (AP) — Paige Bueckers is ready to start not just her WNBA career with the Dallas Wings but her career as a businesswoman as well.

Italy's Meloni will test her mettle as EU-US bridge when she meets Trump in Washington

MILAN (AP) — Italian will test her mettle as a bridge between the EU and the United States when she meets with U.S. President Donald Trump in the White House on Thursday, the first European leader to have a face-to-face with Trump since he announced, and , 20% tariffs on European exports.

Nvidia Is About to Shock the World: April 23rd

Nvidia Is About to Shock the World: April 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: April 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

As Trump considers auto tariffs pause, parts exemptions could be key for US industry

DETROIT (AP) — President Donald Trump hinted that he might temporarily relieve the auto industry from “permanent” on the business. The president didn't specify how long the potential pause would be or what it would entail, but is awaiting how rules might change on 25% tariffs based on U.S. parts, if duties remain on assembled vehicles.

President Trump says CBS and '60 Minutes' should 'pay a big price' for going after him

President Donald Trump bitterly attacked “60 Minutes” shortly after the CBS newsmagazine broadcast stories on Ukraine and Greenland on Sunday, saying the network was out of control and should “pay a big price” for going after him.

Putting Your Name on This List Could Hand You $1,270 on Friday

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

How war, money and the quest for discovery entwined the US government and universities

NEW YORK (AP) — The between the Trump administration and Harvard University is spotlighting and big dollar figures. But in the battle of the moment, it’s easy to lose sight of a decades-long alliance between the U.S. government and the nation’s most prominent universities, forged to fight a world war.

PepsiCo agrees to meet with Al Sharpton over DEI cuts, potential boycott

Leaders at PepsiCo have agreed to meet this week with civil rights advocates from the National Action Network to discuss the company's recent decision to roll back some of its diversity, equity, and inclusion initiatives, the Reverend Al Sharpton said on Monday.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Here's a look at recent aircraft tragedies, mishaps and close calls

The killed all six on board — a physician couple and their accomplished children and partners — during a family trip to the Catskills.

Palantir Goes Bullish After NATO's AI Buy: Is This The Future Of War, Wall Street?

Palantir's stock jumps 9% after NATO acquires its AI-enabled system, showing its dominance in data and potential for growth.

Maverick Trader Reveals 97% Accurate System

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Bitcoin Is the 'Cleanest Trade' Since 'You Can't Tariff Bitcoin,' Expert Says

Bitcoin's (CRYPTO: BTC) may be setting up for a breakout moment, with Felix Jauvin dubbing it the “cleanest trade after the trade."

Trump Administration Halts $2.2 Billion In Harvard Grants After University Says Don't Dictate What We Can Teach Or Who We Admit

The Trump administration suspended $2.2 billion in grants to Harvard after the university refused to eliminate DEI programs and screen international students for ideological views, putting nearly $9 billion in federal funding at risk.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Meet The New Income Machines: Simplify Debuts SBAR And XV

Simplify Asset Management launches two innovative ETFs designed to provide structured, high-yielding income with well-defined downside risk in today's challenging investing environment.

Stocks Edge Up On Strong Bank Earnings, Netflix Soars, Dollar Rebounds: What's Driving Markets Tuesday?

Wall Street gained ground by midday trading on Tuesday, as investor concerns over the economic impact of trade tensions continued to ease following recent signs that the Trump administration was taking a more conciliatory approach.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Japan reports a $63 billion trade surplus with the US as it talks with Trump on tariffs

TOKYO (AP) — Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday.

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

NEW YORK (AP) — Give Marjorie Taylor Greene credit where it’s due: As stocks tanked on tariff fears, she showed her faith in the president not just with words but dollar bills.

Tiny AI Firm Could Outperform NVIDIA

Tiny AI Firm Could Outperform NVIDIA - Ad

The Fear & Greed Index shows "extreme fear"--precisely when life-changing wealth is created for those with the right strategy. My elite research team has broken down exactly how to identify the coins with highest rebound potential in this artificially suppressed market.

Texas county that swung to Trump grapples with immigration crackdown after bakery is targeted

LOS FRESNOS, Texas (AP) — Leonardo Baez and Nora Avila-Guel's bakery in the Texas community of Los Fresnos is a daily stop for many residents to share gossip over coffee and pick up cakes and pastries for birthdays, office parties or themselves.

European Central Bank expected to cut rates again amid worries about Trump's tariffs

FRANKFURT, Germany (AP) — Worries about economic growth fueled by U.S. President Donald Trump's will likely push the to cut interest rates on Thursday for a seventh straight time, a move that should make credit more affordable for business and consumers and promote economic activity.

Brace Yourself for Jeff Bezos' "Amazon Helios"

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Warren Buffett Stands Tall In 2025 As Elon Musk, Jeff Bezos And Mark Zuckerberg Bleed Billions In Net Worth: 'Oracle Of Omaha' Emerges As Lone Gainer Among Top Billionaires Amid Market Rout

Trump's tariff hike causes chaos in global markets, with tech billionaires like Musk, Bezos, and Zuckerberg suffering huge losses.

Trump Tariffs Are A 'Pipe Dream,' Former Treasury Secretary Yellen Says: Americans Feel 'Paralyzed' By Uncertainty

Tariff uncertainty has "paralyzed" households and businesses across America, according to Former Treasury Secretary Janet Yellen.

The Most Important "AI Stock" You've Never Heard Of

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

China May Hit US Where It Hurts Amid Trump's Tariff War â€” Services Trade In Crosshairs, With Walt Disney, IMAX And Warner Bros. Discovery In Focus

As Washington doubles down on its trade war with China, and tariffs now going as high as 104%, some leading experts believe that the Middle Kingdom might have an ace up its sleeve, that could hit the United States where it hurts most—Services.

Demand for viral 'torpedo' baseball bats has sent a Pennsylvania factory into overdrive

KING OF PRUSSIA, Pa. (AP) — A 70-year-old man who plays in an area senior hardball league popped into Victus Sports this week because he needed bats for the new season. Plus he just had to take some cuts with baseball's latest fad and see for himself if there really was some wizardry in the wallop off

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

LOCALIZE IT: China subjects 27 firms in more than a dozen states to further trade constraints

EDITORS/NEWS DIRECTORS

China accuses US of unilateralism, protectionism and economic bullying with tariffs

BANGKOK (AP) — China on Monday accused the U.S. of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to “take concrete actions” to resolve the tariffs.

Bloomberg: "[This] Could Achieve a $40 Trillion Valuation"

Bloomberg: "[This] Could Achieve a $40 Trillion Valuation" - Ad

Bloomberg says Jeff Bezos' new project could hit a $40 trillion valuation. It's not too late to get in--learn why Whitney Tilson, who called AMZN, NFLX, and AAPL, says this is the stock you need to buy now.

UnitedHealth cuts 2025 forecast after dealing with first-quarter care use spike

UnitedHealth chopped its 2025 forecast after being surprised by care use from its Medicare Advantage customers in a worse-than-expected first quarter.

Trending Now