Bitcoin Price Swings 21% Amid Trade Tensions, Shows Reduced Volatility

Over the past few weeks, the cryptocurrency market has experienced significant uncertainty and volatility due to shifting global macroeconomic conditions. This instability caused the Bitcoin price to fluctuate between $74,000 and $83,000 within a few days. The price of BTC dropped to around $74,000 at the start of the past week as investors reacted to new trade tariffs announced by United States President Donald Trump. However, by Thursday, April 10, Bitcoin reclaimed the $83,000 level after President Trump paused trade tariffs on all countries except China.

The Bitcoin price has been highly reactive to global trade news, reflecting the volatile nature of the cryptocurrency market. However, an on-chain analytics expert has noted that the current volatility is lower compared to past events. CryptoQuant’s head of research, Julio Moreno, highlighted that the Bitcoin price volatility during the ongoing global trade drama has been significantly lower than during past events such as the COVID-19 crash, Terra-Luna collapse, FTX downfall, and the Silicon Valley Bank (SVB) bank run.

The Price Intraweek Range metric, which measures the percentage change in the average weekly price of Bitcoin, reached an all-time high of 72% during the COVID-19 market downturn in April 2020. Following the crash of the Terra Luna ecosystem in May 2022, the BTC Intraweek Range metric surged to 49%. After the collapse of the FTX exchange in late 2022 and the SVB bank run in early 2023, the indicator reached 31%. In contrast, with the escalating trade tensions between the United States and China, the Bitcoin Price Intraweek Range metric stands between 8% – 21%. This reduced volatility suggests that Bitcoin has matured as an asset, with deeper liquidity and a better market structure.

The relatively stable price action can be attributed to the growing base of long-term holders and steady corporate adoption. Institutional players are beginning to view Bitcoin less as a high-risk asset and more as a hedge against macroeconomic uncertainties. As of this writing, the price of BTC stands at around $83,700, reflecting a 5% increase in the past 24 hours.