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Bitcoin (BTC), the market’s main cryptocurrency, has surpassed the $100,000 mark for the primary time since February, pushed by a notable shift in President Donald Trump’s tariff insurance policies, which sparked renewed optimism within the crypto market.
Bitcoin Solely 6% Off Its All-Time Excessive
Over the previous months, aggressive tariff methods carried out by Trump negatively impacted cryptocurrency costs, with Bitcoin experiencing a major correction. The digital asset dropped to as little as $74,000, marking a 25% decline from its document excessive of $109,000 reached in January.
Nonetheless, the President’s choice to pause his so-called “tariff battle” has led to a exceptional rebound in crypto costs boosted by a $6 billion commerce take care of the UK introduced on Thursday.
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Within the thirty-days time-frame, the market’s largest cryptocurrency has recorded a staggering 31% value surge, positioning it simply 6.7% under its all-time excessive. Antoni Trenchev, co-founder of the crypto trade Nexo, remarked:
Bitcoin has not solely reclaimed $100,000 for the primary time in three months however has additionally reaffirmed its standing as the final word bouncebackable asset because the prospects for US commerce offers brighten.
Different main cryptocurrencies have additionally benefited from this shift. Ethereum (ETH) has regained the $2,000 mark for the primary time since late March, experiencing a 12% surge in simply 24 hours, whereas Dogecoin (DOGE) adopted intently with an 11% enhance.
Trenchev identified that Bitcoin’s latest efficiency is bolstered by a supportive pro-crypto administration and elevated shopping for curiosity from spot-exchage-traded fund (ETF) buyers. He famous that Bitcoin’s outperformance in opposition to US fairness benchmarks in 2025 reinforces its standing as a resilient and safe-haven asset.
Analysts Warn Of Challenges Forward Amid World Uncertainty
Regardless of the present bullish sentiment, Trenchev cautioned that Bitcoin’s resilience will likely be examined amid an unsure international macroeconomic and geopolitical surroundings.
Rising tensions between India and Pakistan pose potential dangers, whereas the US Federal Reserve (Fed) stays cautious about slicing rates of interest amid issues over unemployment and inflation.
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For the reason that introduction of the tariff coverage in early April, Bitcoin has gained greater than 16%, whereas spot gold has risen almost 6%, and the S&P 500 has seen solely marginal positive aspects, illustrating Bitcoin’s rising attraction as a hedge in opposition to conventional market fluctuations.
In an effort to affirm its upward development, analysts predict that Bitcoin might want to break above its January excessive of over $109,350. In response to Trenchev, the cryptocurrency’s value would possibly keep between $70,000 and $109,000 for the months following the election.
However, he emphasised that reclaiming the $100,000 milestone is a major achievement for Bitcoin. “Shopping for throughout peak concern—simply final month Bitcoin was languishing round $74,000—could be exceptionally profitable,” he concluded.
Featured picture from DALL-E, chart from TradingView.com
