Bitcoin and the broader crypto market see a slight recovery amid a rebound posted by the U.S. stock market as trade concerns dissipate.

The financial markets are rebounding sharply today, April 8, 2025, following a turbulent stretch driven by renewed trade tensions that saw Bitcoin drop to new yearly lows and the U.S. stock market lose trillions in valuation. 

US Stock Market Adds $2T at Open

Particularly, the massive turnaround saw the U.S. stock market surge at the opening bell, recovering nearly $2 trillion in market cap, according to market commentator Mario Nawfal.

This sharp recovery followed steep losses last week triggered by fresh tariff announcements from President Donald Trump. Notably, the $2 trillion addition at open marked a massive bounce from the previous market drawdown.

Specifically, major U.S. stock indices posted strong gains, indicating a return of investor confidence. The Dow Jones Industrial Average climbed approximately 1,238 points, translating to a 3.2% jump. The S&P 500 followed closely, rising 3.4%, while the tech-heavy Nasdaq Composite posted the biggest rally among the three, up by 3.6%. 

For context, these gains came after reports confirmed that several trade partners, including Japan and Indonesia, had entered negotiations with the U.S., presenting trade concessions to avoid the full brunt of the proposed tariffs.

Interestingly, technology stocks led the charge. Tesla and Nvidia each surged over 6%, while tech giants like Amazon and Microsoft also recorded strong intraday momentum. 

Meanwhile, in the healthcare sector, increased Medicare Advantage payments contributed to a notable upswing. Meanwhile, retail stocks benefited from earnings optimism, as seen in Levi Strauss’ performance, further lifting investor sentiment.

Bitcoin and Crypto Recover

In parallel with the U.S. equities market, the crypto sector is also on the rebound, though to a lesser extent. The total crypto market cap rose 1.42% today, reaching $2.51 trillion. This represents an 8% recovery from yesterday’s lows of $2.31 trillion, a low not seen since November 2024.

Bitcoin continues to lead the broader crypto recovery. The leading crypto asset climbed 0.61% over the past 24 hours, hovering just below the key $80,000 resistance level at $79,935. 

XRP is also showing strength. The asset posted a 0.95% increase in the past day and is now inching closer to the $2 milestone, currently trading at $1.9495. 

Cardano delivered one of the most impressive rallies among major altcoins, soaring 6.31% to reach $0.6152. Solana followed with a 2.67% gain, pushing its price to $110.56. BNB also saw upward movement, climbing 0.56% to trade at $564.03.

However, Ethereum stands out as the only top-10 crypto asset still lagging. The second-largest crypto by market cap slipped 0.7% over the past 24 hours. Its underperformance contrasts with the broader market upswing, as investor sentiment around its short-term price action drops.

Notably, market analysts are already projecting a much higher rebound for Bitcoin. Most recently, pundit Carl Moon suggested that Bitcoin could see a “huge bounce.” In addition, analyst Philip predicted that BTC could rally to between $170,000 and $220,000 upon recovery.