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Bitcoin Holds $83K Despite Macro Heat, What’s Happening?

The crypto market has closed yet another week, keeping traders and investors cautious with sluggish price performances. Bitcoin (BTC) price held the $83K level with no major gains in the past seven days. Whereas, Ethereum (ETH), Solana (SOL), and XRP prices mimicked a sluggish action.
Notably, the latest announcement by Donald Trump about reciprocal tariffs has rattled global markets, with even risk assets encountering some macro heat. Mentioned below are some of the top market updates reported by CoinGape Media over the past week.
Crypto Market Faces Macroeconomic Pressure
This week saw a couple of concerning macro developments that sparked a cautious sentiment among traders and investors. CoinGape reported that the manufacturing PMI and JOLTS data came in weaker than expected this week.
The March PMI data dropped to 49, below expectations of 49.5 and lower than the 50 recorded in February. Also, the U.S. JOLTS job openings for February stood at 7.568 million, coming short of the expected 7.690 million and lower than the 7.762 million recorded in January. This macro data pointed toward a bearish outlook for the broader market.
In turn, even the crypto market saw a stalled movement, with Bitcoin & Ether prices negating any major gains over the past seven days. In addition, Donald Trump’s Liberation Day, which is the tagline for his proposed reciprocal tariffs on other countries, has added to the pressure on broader markets.
Bitcoin, Ether, & Other Coin Prices Over The Week
BTC price witnessed a marginal 0.5% jump in the past seven days and closed in at the $83K level. In the past 7 days, the flagship crypto stooped as low as $81K whilst also touching a $87K high.
ETH price saw a drop of nearly 2% weekly and exchanged hands at the $1,800 level. Ethereum hit a bottom of $1,700 whilst also nearing a high of $2,000 this week
SOL price fell by roughly 5% over the week to reach $120. The crypto’s weekly high and low was $135 and $112, respectively.
XRP price mimicked the broader crypto market trend, dipping over 2% in seven days to $2.13. Ripple’s coin is consolidating despite speculations of an imminent settlement of the lawsuit against the U.S. SEC.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Bitcoin Analyst Says Shiba Inu Price Is Not Hitting $1, Here’s Why


A recent analysis by a Bitcoin analyst has thrown cold water on the possibility of the Shiba Inu price hitting the $1 mark. The analyst firmly dismissed the idea, suggesting that it is highly unlikely, if not downright impossible.
Why Shiba Inu Price Will Never Hit $1
Davinci Jeremie, a prominent Bitcoin analyst with over 825,700 followers on X (formerly Twitter) has declared the Shiba Inu price will never reach $1. To understand why the analyst has made such a grim prediction, he points to Shiba Inu’s market capitalization and supply dynamics.
With Shiba Inu’s vast circulating supply, Jeremie argues that reaching $1 would require an astronomical market cap far beyond what the crypto market could sustain. As of April 2025, the total circulating supply of SHIB is around 589.5 trillion. However, this number fluctuates with daily token burns.
For Shiba Inu to hit $1, Jeremie has stated that its market capitalization would need to surge to a staggering $600 trillion. To put the sheer scale of this figure into perspective, a comparison between Bitcoin, gold, and the global crypto market cap helps illustrate just how unrealistic this milestone is.
Currently, Bitcoin, the world’s largest cryptocurrency by market cap, is worth around $1.66 trillion. For Shiba Inu to achieve a $1 price point, it would need to surpass almost 600 times the total market cap of Bitcoin.
Gold, which is widely regarded as a reliable store of value and has a market cap of approximately $21.857 trillion, would still be significantly dwarfed by the required market cap for SHIB at $1. To put it simply, Shiba Inu reaching this figure would need a valuation nearly 300 times greater than the entire global crypto market cap, which currently sits around $2.65 trillion.
As mentioned earlier, Shiba Inu’s massive supply also significantly contributes to why a $1 price is unrealistic. While cryptocurrencies like Bitcoin have a capped supply, SHIB’s is exponentially larger, created to appeal to its community.
The sheer number of tokens in circulation is part of what keeps SHIB’s current price so low at $0.000012. It also makes it virtually impossible to reach $1 unless drastic changes are made to supply or token burns skyrocket astronomically.
Community Acknowledges SHIB’s $1 Pipe Dream
Following Jeremie’s declaration that Shiba Inu is unlikely ever to hit $1, many in the crypto community echoed his sentiment, emphasizing just how unrealistic and ambitious this target is. While many concluded that Shiba Inu cannot reach $1, others offered potential solutions they believe could one day turn this far-fetched goal into a reality.
One member highlighted the need to reduce Shiba Inu’s supply. Primarily, this would involve token burns, which permanently remove tokens from circulation. Since its inception, over 410.7 trillion SHIB tokens have been burnt. However, despite this progress, the circulating supply remains overwhelmingly large.
Featured image from Pixabay, chart from TradingView

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Expert Outlines Reasons Why Avalanche Will Revolutionize Traditional Finance

Avalanche (AVAX) is carving a niche as a blockchain network with boundless scalability but one expert is highlighting its real-world use case in finance. Crypto expert Olivia Vande Woude says Avalanche will change the landscape for traditional finance as we know it.
Avalanche Will Modernize Legacy RTGS Systems
According to an X post, business development expert Olivia Vande Woude remarks that Avalanche will improve current offerings for mainstream finance. Right out the bat, Woude notes that the lowest hanging fruit for AVAX will be changing outdated rails in legacy finance.
Woude argues that rather than a wholesale replacement, an Avalanche integration will improve legacy RTGS systems like SWIFT and Fedwire. Perhaps, the biggest area of improvement will be in conventional post-trade infrastructure bogged down by fragmented reconciliation. Woude notes that the network can introduce real-time finality and liquidity efficiency for post-trade infrastructure.
Large exchange infrastructure is tipped to record seismic changes following an Avalanche integration, says Woude. While CBOE and ICE grapple with execution latency, Woud was Avalanche’s decentralization can reduce slippage for legacy exchanges.
“Avalanche does for finance what fiber optics did for telecom,” said Woude. “It’s replacing outdated rails with real-time, high-throughput, low-latency execution.”
Woude points out in her statement that Avalanche’s tamper-proof infrastructure will improve the batch processing systems employed by traditional custodians. The derivatives markets will receive their fair share of changes, leaning on Avalanche’s collateral optimization and margin logic based on advanced smart contracts.
Amid soaring regulatory changes in the US, traditional financial institutions can unlock new revenue streams in tokenization via blockchain-based integrations.
Benefits Extend To Funding Markets Amid Soaring AVAX Price
Woude highlights the benefits of an integration in short-term funding markets by leaning on its dynamic discounting. Furthermore, the blockchain offers programmable yield analytics designed to revolutionize the operations of repo settlements and liquidity management in funding markets.
An EVM compatibility will allow institutions to still deploy Ethereum-based smart contracts, smoothening the curve for tokenized funds. As the US SEC approves options trading for Ethereum spot ETFs, Avalanche can offer financial institutions permission chains for compliance while offering on-chain derivatives mirroring ETF performance.
“Avalanche isn’t just modernizing financial infrastructure, it’s reprogramming it,” said Woude. “Institutions adopting Avalanche in turn gain a meaningful edge in speed, efficiency, and transparency.”
AVAX price has gained nearly 8% over the last day driven by a broader crypto market rebound and rising institutional adoption for Avalanche. AVAX is trading at $20 while daily trading volumes have spiked by 7% buoyed by bullish chatter around the network.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Shiba Inu Price on The Verge of Breaking $0.00002

The memecoin ecosystem has joined the latest revival in the broader market, with the Shiba Inu price now in the spotlight. The memecoin has reset its bearish outlook and will break crucial price milestones in the coming days.
For Shiba Inu, the death cross formation was confirmed on April 6 when the price dropped from $0.00001232 to a low of $0.00001030.
Shiba Inu Price Golden Cross Confirmed
Market data shows that the SHIB price is gradually disappearing from its earlier consolidation trend. At the time of writing, the coin’s price was changing hands for $0.00001249, up by 2.14% in 24 hours.
SHIB recovered after trading at a low price of $0.00001205 to a daily high of $0.00001265 before settling at the current level. This price boost comes as the SHIB burn rate jumped 1000% in early trading, setting the memecoin on a possible revival path.


The SHIB/USDT 4h chart confirms a golden cross pattern for the memecoin. This pattern is formed when the short-term Moving Average switches above the longer-term moving average.
Although this pattern is fully formed on the 4-hour chart, it is yet to form on the daily chart. However, with the current momentum, a confirmed breakout is possible. Already, the token has displaced Hedera and now ranks as the 17th largest cryptocurrency.
Shibarium Catalyst for Price Rebound
Different ecosystem factors can boost the price of Shiba Inu in the long term. One of these factors is closely tied to the outlook of Shibarium and its associated Layer-2 scaling solution.
As reported earlier by CoinGape, the Shibarium 200 million addresses milestone is near. If the network attains this landmark, it will show a clear sign of growing adoption, a move that might boost its token valuation.
Already, Shibarium has broken the 1 billion total transaction milestone. Should the Shiba Inu network continue to record organic growth, its chances of outranking Dogecoin is higher.
Amid the ongoing boost, the question remains how high the memecoin could soar. Drawing on this, a potential SHIB retest of its ATH of $0.00008844 is possible moving forward. While it will require as much as a 710% growth from current levels, SHIB can print this uptick, drawing on its historical trend.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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