See our full XRP forecast here.
Bitcoin Advances on US Tariff Developments
XRP’s gains coincided with bitcoin (BTC) also edging higher as investors reacted to President Trump’s tariff pivot. BTC remains sensitive to shifts in US trade policy, tracking both macro sentiment and equity markets. The Nasdaq Composite Index rose 0.64% on the day.
President Trump’s evolving tariff policy has influenced the broader crypto market. Since Trump’s 2025 inauguration, tariff concerns have contributed to a 20% decline in BTC.
ETF Flows Reflect Institutional Anxiety
Concerns about the impact of tariffs on the US economy have left BTC languishing below $100,000 and its all-time high of $109,312. US BTC-spot ETF market flows have reflected institutional investor sentiment, adversely impacting BTC’s supply-demand balance.
According to Farside Investors, flows for April 14 pointed to an eight-day outflow streak:
- Fidelity Wise Origin Bitcoin Fund (FBTC) recorded net outflows of $35.2 million.
- Nine BTC-spot ETF issuers saw zero net flows.
Excluding BlackRock’s (BLK) pending iShares Bitcoin Trust (IBIT) data, total US BTC-spot ETF outflows reached $35.2 million, with 11 of the last 13 sessions in negative territory.
Despite this, sentiment has recently shifted. Santiment observed a notable uptick in bullish commentary across the crypto community, noting:
‘There has been an increased level of bullishness pouring in from the crypto crowd Monday. Ever since the (still not fully clarified) tariff exemptions announced over the weekend, Bitcoin in particular has had a flood of optimistic calls. This is the highest level of positive (vs. negative) commentary since the day before Trump announced tariffs. […] So watch for FOMO & greed to take over if prices approach $90K this week.”
BTC Price Outlook: Bearish vs. Bullish Scenarios
On April 14, BTC gained 1.01%, partially reversing Sunday’s 1.88% drop, closing at $84,625. Significantly, BTC last broke above $90,000 on March 6, underscoring the influence of BTC-spot ETF flows on investor sentiment.
Key near-term price drivers include:
- Bearish Scenario: Rising geopolitical tensions, recession fears, hawkish Fed tone, sustained ETF outflows, and legislative delays could send BTC below $80,000.
- Bullish Scenario: De-escalation of trade risks, dovish Fed signals, bipartisan support for the Bitcoin Act, and renewed ETF inflows may lift BTC toward $90,000.
