Bitcoin has given back some of its recent gains with a sharp 10% drop in the last 24 hours, mirroring a similar move in Ethereum’s price. This downturn arrives as the US initiates its tariffs program targeting Canada and Mexico, and the market’s reaction to this trade war is clear: investors are pulling back from risk, causing a widespread dip in risk-associated assets.

So, what does this shift towards “risk-off” sentiment mean for Bitcoin’s price trajectory? And what’s the outlook for other popular cryptocurrencies like XRP, SOL, and Bitcoin Pepe?

Bitcoin price prediction as BTC reverses its gains

Bitcoin saw a significant surge on Sunday after US President Donald Trump brought up again the idea of a US crypto stockpile. This announcement acted as a catalyst, propelling BTC’s price upwards and essentially painting a “$10,000 candle” on the charts as it jumped from around $85,000 to nearly $95,000.

However, the excitement was short-lived. The leading cryptocurrency has since retreated, falling back below the $84,000 mark and effectively erasing those gains as the market responds to the commencement of tariffs on Canadian and Mexican imports.

Despite the current pullback, CryptoQuant CEO Ki Young Ju still believes the overall bull market trend is intact. However, he notes that with on-chain activity remaining subdued and key market indicators hovering in neutral territory, he anticipates a slow and steady upward climb “until sentiment in the U.S. improves.”

“If this cycle were to end prematurely here, it would be an undesirable outcome for everyone involved—from seasoned investors and mining operations to traditional financial institutions, and even Trump himself,” he added, highlighting the widespread expectation for continued growth.

XRP, SOL, ADA price outlook

Bitcoin’s noticeable slump over the past day isn’t happening in isolation; it’s also casting a shadow over the broader altcoin market.

Ethereum’s ETH, for example, has dropped by 12% to around $2,068, reaching its lowest point in over a year. Similarly, Ripple’s XRP and Cardano’s ADA have experienced substantial declines, falling by 15% and 19% respectively.

Interestingly, it’s worth remembering that these very tokens were among the top performers in the recent rally sparked by Trump’s remarks regarding their potential inclusion in a US strategic crypto reserve.

Industry observers are keenly discussing Trump’s suggestion to include altcoins as part of this strategic reserve. Many believe that Bitcoin, with its established track record, is the only digital asset truly suited for the role of a strategic reserve.

The unfolding tariff situation, coupled with the initial buzz around the strategic reserve fading, seems to be contributing to the current price pressure on XRP, Solana, and Cardano. Nevertheless, analysts suggest that the underlying anticipation of a crypto reserve, along with other market dynamics, could still create fresh opportunities for these leading altcoins to rally again.

Is this a buy opportunity for Bitcoin Pepe?

While XRP, ADA, and SOL have seen their recent gains diminish, it’s important to note that this doesn’t necessarily preclude them from potentially soaring in value over the coming weeks and months.

Broader market conditions and various influencing factors are still very much in play across the cryptocurrency ecosystem, and some investors might view the current dip as a strategic moment to buy in. This perspective also extends to promising new projects entering the market in the second quarter and beyond.

Bitcoin Pepe (BPEP), currently in its presale phase, is attracting significant attention as a noteworthy new token in the space.

Adding to the excitement, a giveaway of 1 million BPEP tokens is further fueling interest and community engagement.

BPEP price outlook

Bitcoin Pepe’s ambitious goal is to introduce the very first meme-centric Bitcoin layer 2 solution to the market. It aims to leverage the high speed and efficiency of the Solana network to pioneer the new PEP-20 token standard within the meme coin ecosystem. With evolving regulatory landscapes potentially paving the way for more innovation in the crypto sector, Bitcoin Pepe has the potential to become a truly disruptive Layer 2 solution for Bitcoin.

If Bitcoin and Solana themselves gain further traction, alongside a confluence of other positive market forces, we could see BPEP’s price experience explosive growth. The combination of Bitcoin’s robust blockchain security and Solana’s speed is generating considerable buzz around this project.

To date, Bitcoin Pepe has already successfully raised nearly $3.7 million through its ongoing presale.

Currently priced at $0.0255, the price of BPEP is set to incrementally increase as it progresses through stage 30 of its presale. This suggests that the current price point could represent a potentially advantageous entry opportunity, particularly considering the optimistic forecasts surrounding both Bitcoin and Solana.

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