Bitcoin Climbs Amid Tariff Relief: BuyUcoin Reports BTC Near ₹72.9 Lakh as Markets Eye Breakout

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Published on: Wed 16-Apr-2025 07:34 AM
This images shows BuyUcoin promotional graphic showing shiny golden Bitcoin coins on a reflective black surface. The headline text reads: 'Bitcoin Climbs Amid Tariff Relief: BuyUcoin Reports BTC Near ₹72.9 Lakh as Markets Eye Breakout.

Bitcoin Holds Steady Amid Global Uncertainty

As of April 15, 2025, Bitcoin (BTC) remains resilient in the face of renewed geopolitical pressures, currently trading around ₹72.9 lakh (~$87,500) on BuyUcoin, India’s leading cryptocurrency exchange. The global crypto market has shown signs of strength even as traditional equities struggle to find direction amid escalating trade war rhetoric from former U.S. President Donald Trump.

His recent statements about imposing steep tariffs on Chinese goods—potentially up to 60%—have cast a shadow on global economic growth, spurring fears of another round of inflationary pressures. Yet, instead of showing weakness, Bitcoin and other digital assets have emerged as potential hedges, gaining traction with both retail and institutional investors.

Tariff Tensions: Traditional Markets vs. Digital Assets

Markets traditionally react with volatility when major political figures introduce uncertainty into the global economy. Trump's hardline trade stance could trigger price hikes on imported goods, disrupt supply chains, and strain corporate earnings. While this has left equity markets hesitant, Bitcoin has shown relative stability—a sign that it is maturing into a risk-diversified asset.

This behavior echoes trends observed during previous global shocks, such as the COVID-19 crisis and the Russia-Ukraine conflict, where BTC functioned as a "digital gold" alternative. In India, where inflation and currency fluctuations impact long-term savings, investors increasingly turn to platforms like BuyUcoin to hedge against fiat depreciation.

Technical Analysis: Bulls Still in Control

Bitcoin’s recent momentum points to underlying market strength. Here’s a technical snapshot:

  • Current Price (BTC/INR): ₹72.9 lakh / $87,500

  • Major Resistance Levels: ₹74.5 lakh ($89,500), ₹77 lakh ($92,500)

  • Immediate Support Levels: ₹70 lakh ($84,000), ₹68.2 lakh ($82,000)

  • Global 24H Trading Volume: $38.5 billion

  • Relative Strength Index (RSI): 61 (Neutral to Bullish)

  • 200-Day Moving Average: ₹66.8 lakh (~$80,300)

  • MACD (4H): Trending above signal line, suggesting upward momentum

With BTC consistently holding above its 200-day moving average and key psychological support zones, the trend remains bullish in the medium term. Traders on BuyUcoin are keeping a close eye on the ₹74.5 lakh breakout level, which, if crossed with volume, could lead to a sharp upward move toward ₹77 lakh.

Technical indicators such as MACD and RSI support a continuation pattern, and the lack of aggressive selling despite macroeconomic noise strengthens the case for a long-term accumulation phase.

Altcoins Show Mixed Momentum

While Bitcoin dominates market sentiment, several altcoins are quietly building strength:

  • Ethereum (ETH): Hovering near ₹4.8 lakh, facing resistance around ₹5 lakh

  • Solana (SOL): Trading at ₹13,500, showing bullish structure above ₹12,800

  • Ripple (XRP): Flat at ₹48, awaiting clarity on U.S. legal proceedings

  • Polkadot (DOT): Consolidating near ₹520, forming a potential ascending triangle

  • Avalanche (AVAX): Up 3% in 24 hours, trading near ₹3,300 on BuyUcoin

BuyUcoin has reported increased activity in these assets, particularly from Indian traders seeking to diversify beyond BTC. Smart contracts, DeFi ecosystems, and Layer 1 scalability projects continue to be favored by long-term investors.

BuyUcoin: Powering Crypto India’s Growth

Amidst the market’s evolving dynamics, BuyUcoin continues to empower Indian investors with a secure and intuitive trading platform. With real-time INR pairings, seamless UPI/IMPS integration, and a focus on regulatory transparency, BuyUcoin offers an all-in-one ecosystem for anyone looking to enter or expand in the crypto space.

In recent weeks, the platform has witnessed a surge in new registrations, particularly among young investors and small business owners hedging against rupee volatility. Features like SIP-based investing, portfolio tracking, and educational content have made BuyUcoin a trusted choice for over a million Indians.

Whether you're a seasoned trader or a newcomer exploring digital assets, BuyUcoin ensures a secure and user-friendly crypto journey backed by compliance and community trust.

Conclusion: Bitcoin Remains a Safe Haven in Uncertain Times

The resilience of Bitcoin amid renewed tariff threats reflects its evolving status in the global financial ecosystem. Unlike previous cycles where Bitcoin closely mirrored tech stocks, its recent performance indicates growing independence and investor maturity.

While short-term volatility is inevitable, particularly with looming U.S. elections and policy shifts, the broader crypto narrative remains intact. The increasing adoption of Bitcoin and altcoins, supported by reliable platforms like BuyUcoin, is fueling the long-term case for digital assets in India and beyond.

As the market navigates uncertainty, Indian investors have an opportunity to build wealth through disciplined crypto investing. With trusted tools, timely insights, and secure infrastructure, BuyUcoin stands ready to help you harness the potential of Bitcoin—regardless of global turbulence.


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