By Elsa Ohlen

The direction of Bitcoin and smaller cryptocurrencies was mixed at the start of the week but lacked any significant moves, even as a rise in stocks followed fresh tariff news from the White House.

Bitcoin was trading flat at $84,424 over the past 24 hours, according to CoinDesk data. It held steady over the weekend, ranging from about $83,000 and $85,000, as President Donald Trump announced an exemption from tariffs for smartphones and computers.

Ether and XRP, the world's second and fourth largest cryptos by market value, also held relatively steady. XRP was down 1.5% to $2.12 while Ether rose 0.7% to 1,625.

Futures tracking U.S. benchmark indexes rose, with the S&P 500 up 1.1% early Monday.

"With Trump's 'on-again-off-again' tariff threats, the market is starting to feel 'headline fatigue,' and realizing that he isn't going to destroy the wealth of his support base in the long run. The result is that investors are comfortable accumulating BTC [bitcoin] above the $73k technical support," wrote John Glover, chief investment officer of Ledn, a digital asset financial services company.

Glover continues to watch for a level below $73,000 as it could open up a rapid downward move to $62,500. The upside target, however, is about $133,000, "so I really like the risk/reward for those buying BTC in the mid-$70k's," Glover wrote.

Write to Elsa Ohlen at elsa.ohlen@barrons.com

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April 14, 2025 04:41 ET (08:41 GMT)

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