Bitcoin outperforms global market after Donald Trump reiterates income tax will be replaced by tariffs

Bitcoin's V-shaped recovery sets sights on $95,000 amid market volatility.

Apr 28, 2025

Happy Monday!

A wave of optimism is sweeping the crypto markets as Bitcoin stages a powerful V-shaped recovery, outpacing global equities and eyeing the $95,000 mark after Donald Trump reiterated his plan to replace income tax with tariffs-a policy shift that’s fueling fresh volatility and renewed interest in digital assets. Meanwhile, the U.S. SEC has approved ProShares’ XRP futures ETFs, set to launch April 30, opening new doors for institutional exposure to XRP. In DeFi, TRON founder Justin Sun is calling JST the “next 100x token,” touting explosive growth across the TRON ecosystem. Dive into today’s headlines to see how these pivotal developments are shaping the future of crypto.

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The global crypto market cap is $2.94 trillion, with a 24-hour volume of $85.91 billion. The price of Bitcoin is $93,736.55, and BTC market dominance is 63.4%. The price of Ethereum is $1,758.85, and ETH market dominance is 7.2%. The best-performing sector is Virtuals, which gained 14%. The Crypto Fear & Greed Index is currently Neutral (54).