Crypto news and market trends | Bitpanda Weekly Wrap

Key price movements

• BTC: +0.87%, 74.709,71€
• ETH: -2.16 %, 1.407,61€
• S&P 500: -3.36%
• Euro Stoxx 50: +1.17%

Prices as of 2.15pm, 14 April 2025

Since last Friday’s price dip, Bitcoin has bounced back by 5%, recovering its losses and briefly climbing back to the €75,000 mark on Wednesday. Since then, it’s been hovering around €73,000, moving sideways as markets search for direction.

Meanwhile, Ethereum has taken a different path. After failing to hold last Friday’s high, it pulled back to around €1,350. Still, it’s up by roughly 4.8% on the seven-day average, reaching a weekly peak of about €1,475 before settling around the €1,390 mark.

While the broader market takes a pause, two familiar names, Shiba Inu (SHIB) and XRP, are quietly stirring at key support levels. SHIB is hovering around €0.000011, a level that has acted as strong support in recent weeks. After a stretch of downward pressure, the sell-off seems to be slowing. For a meme coin that thrives on momentum, holding steady here could be the calm before another move.

XRP is in a similar spot. Trading just under €1.85, it too has been under pressure but hasn’t cracked. If support holds, analysts see potential for a short-term recovery, especially if legal noise continues to quiet down.

Explore the latest crypto prices and market trends.

Meanwhile, in the world of traditional assets, Gold has stolen the spotlight. The yellow metal surged to $3,300 per ounce early Wednesday, setting another record as traders sought safety amid tariff uncertainty and a softer U.S. dollar. Leading banks remain bullish on gold’s outlook for the coming quarters. Investors are increasing their holdings in gold-backed exchange-traded funds, and central banks continue to accumulate the metal. Goldman Sachs forecasts the price could reach $4,000 per ounce by mid-2026.

TL;DR: Crypto is on cruise control - for now - and gold just won the week.

Tariff flashback with a tech twist

Just when we all thought things were cooling down, the U.S.-China trade war has jumped back into the spotlight and stepped up a gear. Last week, President Trump announced new tariffs, raising rates on Chinese imports to 145%, which prompted swift retaliation from Beijing. China struck back with a 125% tariff on U.S. goods and, more crucially, pulled out of talks over a near-finalised deal to transfer TikTok’s U.S. operations into American hands.

That deal, months in the making, would have handed majority ownership of TikTok to U.S. investors while allowing ByteDance to retain a minority stake. Everything was aligned, from investors to legal approvals, until China hit the brakes, linking trade negotiations directly to the fate of the app.

In response, Trump signed an executive order on Friday extending TikTok’s U.S. operations for another 75 days. He framed the move as a push for “tremendous progress” in securing a deal, but legal experts argue this violates the 2024 law requiring TikTok’s divestment. “He’s not extending anything,” said law professor Alan Rozenshtein. “All he’s doing is saying that he will not enforce the law for 75 more days.”

The broader tech sector was not immune to the fallout either, as proven by Nvidia’s performance. The chipmaker revealed it expects to lose $5.5 billion in revenue after the new U.S. export restrictions effectively blocked the sale of its H20 AI chips to China. The chips were custom-designed to meet earlier trade rules, but now require a licence that may never be granted - news that made Nvidia’s stock drop nearly 6%.

TL;DR: Tariffs are back, TikTok’s still stuck in deal limbo, and Nvidia just lost a few billion reasons to care. Trade war 2.0? It’s streaming live - on TikTok, of course.

TikTok is the new front line of the trade war?

While world leaders debate behind closed doors, the fallout is playing out in real time on TikTok itself. The platform has become a kind of economic barometer, packed with factory tours and first-hand accounts of how tariffs are hitting both sides of the supply chain.

One of the more striking voices is a TikTok creator who posts as LunaSourcingChina. In a viral clip, she calmly explains:

“Factories won’t take the hit. Importers won’t either. It’s all getting passed down.”

Her videos uncover the Chinese suppliers behind global brands – think names that rhyme with Dephora and Sara – making TikTok a tool for trade war storytelling and sales.

Meanwhile, U.S. manufacturers are painting a bleaker picture. TikTok is now full of videos showing shuttered workshops, cost breakdowns and furious small business owners. For those who rely on cross-border dropshipping or sourcing, the new tariffs are squeezing margins and threatening viability.

TL;DR: With regulators threatening to ban or force the sale of TikTok, the irony is clear: the app caught in the crossfire is also where the trade drama is going viral.

Dana White steps into the ring with VeChain

Blockchain platform VeChain recently announced that UFC CEO Dana White will join its advisory board, marking a major step in bridging the gap between blockchain technology and mainstream audiences. Renowned for transforming the UFC into a global sports powerhouse, White will share his acumen in brand building, fan engagement, and innovation to support the growth of VeChain’s sustainability-focused platform, VeBetterDAO - “a next-generation decentralised platform that incentivises real-world sustainable actions through B3TR tokens.” White joins Nobel Prize-winning physicist Sir Konstantin Novoselov, forming a unique partnership of scientific and marketing expertise aimed at scaling real-world blockchain adoption.

Unlike the celebrity endorsements that defined earlier crypto cycles, many of which lacked substance or long-term vision, Dana White’s appointment signals a more strategic shift in the crypto world. Rather than simply lending his name, White can offer decades of experience in global brand building and fan engagement to help drive tangible blockchain adoption.

What remains to be seen is how the markets will react. Investors may welcome the publicity boost, but long-term value depends on whether this partnership leads to genuine progress.

TL;DR: Dana White joins VeChain. Is this just fight hype or a knockout punch for real-world blockchain adoption? Only time will tell...

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