Bitcoin Weakens on Unfinished U.S.-China Tariff War

BTC Drops On Tension Before U.S.-China Negotiations
Altcoin Plenty Returns Gains of Yesterday on Intra-Day
Experts Reveal Mixed Prospects Over BTC Future Prospects

Bitcoin(BTC) continued to remain weak on Apr. 11 due to concerns over a tariff war between the U.S. and China.

Earlier, U.S. President Trump announced that he would postpone the imposition of tariffs on 75 countries by 90 days and raise the tariff rate on China at the same time. The tariff rate on China, which was announced by CNBC and CNN in the U.S., is 145%.

The cryptocurrency market fell slightly on the 11th due to tensions that the tariff war between the U.S. and China, which belongs to the G1 and G2, was still unresolved.

Bitcoin fell about 1.31% and crossed the $80,000 mark. The decline in altcoins, which rebounded on the 10th, was deep. Ethereum(ETH) and Tron(TRX) recorded about 4% and 3%, respectively.

◇Bitcoin = Bitcoin price is $81,285 at 4:30 p.m. on Apr. 10, 2025. The Bitcoin share(dominance) was 63.31%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 58.26% and 41.74%, according to the on-chain analytics platform Sigbtc.

Amid Bitcoin's sideways pace, experts' opinions over Bitcoin were mixed.

"Bitcoin is deflected from the direct target of the global trade war," said Bohan Jiang, head of OTC option trading at cryptocurrency exchange Avra. "If the de-dollar phenomenon accelerates due to the Trump administration's policy, Bitcoin is likely to show low volatility."

Peter Schiff, an economic analyst at Wall Street and CEO of EuroPacific Asset Management, said, "Gold is taking over the role of becoming Bitcoin," adding, "Bitcoin is losing its competition with gold." He then claimed, "The market chose gold again as a safe asset because Bitcoin prices were sluggish and the technological rebound was weak."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Apr. 11 was Orca(ORCA), up about 48% on the day alone.

Orca is a Solana-based decentralized exchange (DEX) project that has recently been offering a variety of services through the Eclipse chain as well.

It is characterized by strengthening the liquidity (token swap, pull) function based on CLMM, enabling simple and efficient trading from beginners to skilled users.

Orca, a governance token, allows users to participate in decision-making about the direction of the project.

◇Fear Greed Index = The digital asset fear-greed index provided by Alternative maintains a 'fear' level with 25 points. The fear stage(20-39) is a stage where cryptocurrency price volatility and trading volume increase, and the price falls. Since there is a high possibility of forming a low point in the short term, one should be careful about buying.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 53.6, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr