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In Times of Crisis, Can Crypto Protect You? Why Bitcoin, XRP & TRX Are Emerging as Safe Havens

When traditional markets falter, the spotlight often turns to digital currencies. Amid economic turbulence, Bitcoin , XRP , and TRX are gaining attention as potential safe havens. This article explores whether these cryptocurrencies can offer stability and growth during uncertain times. Dive in to discover which coins might be poised for resilience and gain in value. Bitcoin Market Rally Amid Key Support and Resistance Levels Bitcoin recorded a 0.46% gain over one month alongside a modest 2.16% increase in a single week. Over the past six months, the price climbed by 23.40%, showing a more pronounced bullish push over the longer term. The movement reflects periods of steadiness punctuated by significant upward momentum, providing hints of gradual recovery and renewed interest. Current prices hover near a strong support at $65,370, with the first resistance at $105,055 acting as a barrier for bulls. Indicators remain mixed, with slight upward signals in the moving averages amid neutral oscillators. Traders might explore positions between these key levels, monitoring for a break above the resistance or a fallback to lower support. XRP Rally and Correction Amidst Key Levels Significant gains over the last six months produced a surge of nearly 285% despite a setback in the past month, which saw a decline of almost 10%. A modest weekly improvement of 2.39% highlights some resilience, while the half-year rally suggests long-term strength. Volatility during the shorter period indicates a rebalancing after a major uptrend, with the market reading oscillating values that reflect mixed sentiment. The coin currently trades between $1.66 and $2.77, with initial support at $1.23 and resistance at $3.45. A secondary support level is at $0.11, while resistance extends to $4.56. Current indicators show a side-bound market with no decisive trend, which supports trading strategies focused on buying near support and testing resistance levels cautiously. TRON Market Surge Sparks Bullish Interest TRON has shown steady growth recently with an 11% increase over the past month and a notable 54.68% rise in the last six months. The price action over these periods points to growing investor confidence and a progressively bullish outlook. A slight uptick in the 1-week change at 2.69% underlines the ongoing upward momentum and aligns with the significant gains recorded over the half-year period. Current trading sees TRON fluctuating in the $0.22 to $0.26 range, with a clear resistance at about $0.27 and a secondary cap near $0.31. Support is evident at $0.19 and a further cushion around $0.15. The indicators hint at modest strength without a dominant trend, suggesting traders could consider positions within these well-marked support and resistance zones. Conclusion BTC , XRP , and TRX are showing potential as stable stores of value. BTC stands out for its strong reputation and widespread acceptance. XRP offers fast transactions and low costs, appealing to those seeking efficiency. TRX provides a robust platform for decentralized applications. Together, these coins might offer some protection during financial instability. Their unique features and growing adoption make them worth considering in challenging times. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. CoinTurk News

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Performance of Hard Assets Bitcoin and Gold ‘Remains Remarkable:’ Glassnode

The macroeconomic environment remains uncertain as global trade relations realign, reported onchain analytics firm Glassnode on April 16. However, it added that “the performance of hard assets remains remarkable,” citing gold’s all-time high and Bitcoin holding above $80,000 despite the headwinds . “One could consider this a fascinating signal as the foundations of the financial system enter a period of transition and change,” the analysts noted . The macroeconomic environment remains uncertain as global trade relations realign. Still, the performance of hard assets remains remarkable, with gold surging to new ATH of $3300 and #Bitcoin holding above $80k. Discover more in the latest Week On-Chain: https://t.co/FWiMuimRUk pic.twitter.com/W4136o3dgx — glassnode (@glassnode) April 16, 2025 Gold at ATH Volatile US Treasury yields swinging from 3.7% to 4.5% have created major turbulence in financial markets, affecting both bonds and equities. The MOVE and VIX indexes reflect this high volatility. The former measures expected volatility in the US bond market, while the latter measures expected volatility in the US stock market. Both reflect market stress; when they spike, investors are nervous. Bitcoin has seen its largest drawdown of this cycle at around 32%, but this remains milder than in past cycles, indicating stronger investor confidence and demand resilience, it noted. Glassnode reported that the median drawdown for the current cycle is “considerably shallower” than all previous cases. Additionally, corrections since 2023 have been shallower and more controlled in nature, “suggesting a more resilient demand profile, and that many Bitcoin investors are more willing to hodl through market turmoil.” It noted that currently, profit and loss-taking activities are “relatively balanced,” which results in a relatively neutral rate of capital inflow, which could lead to extended consolidation. Meanwhile, gold prices hit an all-time high of $3,354 per ounce on April 16, having gained a whopping 26% since the beginning of this year as investors flee to safe-haven assets. “As the world adjusts to changing trade relationships, Gold and Bitcoin are increasingly entering the centre stage as global neutral reserve assets.” Bitcoin Price Outlook Bitcoin hit an intraday high of $85,300 on Wednesday but has fallen back since to trade at around $84,340 during the Thursday morning Asian session. The asset has been very tightly range-bound at this price level for the past five days and trading within a wider channel since the beginning of March. The three-month downtrend is still intact, but it is shallowing out, which could lead to a longer period of consolidation before any breakout. $BTC Holding up better than stocks, for now. If equities keep nuking I expect BTC to do what it does best which is catch up and then overperform to the downside. pic.twitter.com/x9EYsKUAoV — Mayne (@Tradermayne) April 16, 2025 The post Performance of Hard Assets Bitcoin and Gold ‘Remains Remarkable:’ Glassnode appeared first on CryptoPotato . CoinTurk News