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The news that the Trump administration may relax the original comprehensive tariffs on April 2 has made the market feel slightly relieved. It is reported that US President Trump is considering taking more targeted tariff measures, targeting specific industries in specific countries or regions, thereby alleviating the market's concerns about broad reciprocal tariffs.
Recently, bullish sentiment in the crypto market has rebounded, and the price of Bitcoin (BTC) has once again exceeded $87,000. Yesterday, Bitcoin rose nearly 3%, and today continued its upward trend, rising to a high of $87,300, once again heading towards the $90,000 mark.
The recovery of the crypto market is inseparable from the promotion of two pieces of news, which give the market bullish expectations, as follows:
(1) The International Monetary Fund (IMF) included cryptocurrencies in the global economic reporting framework and classified different cryptocurrencies, such as BTC as a non-productive non-financial asset, platform tokens such as ETH and SOL as equity-like instruments, and stablecoins as financial instruments. This move is equivalent to recognizing and granting cryptocurrency identity.
(2) In an interview, Bo Haines, executive director of President Trump's Digital Asset Advisory Committee, said that the United States could use the proceeds from its gold reserves to buy more Bitcoin, which is a budget-neutral approach that is very likely to be adopted.
In the short term, Bitcoin faces pressure to reach $880,000 and $90,000. On March 20, Bitcoin rebounded to $87,400 and then fell back. Today, Bitcoin is moving up again near this position, but it needs substantial positive news to break through $90,000.
BTCUSDT.P BTCUSD BTCUSD BTCUSDT BTCUSD
The news that the Trump administration may relax the original comprehensive tariffs on April 2 has made the market feel slightly relieved. It is reported that US President Trump is considering taking more targeted tariff measures, targeting specific industries in specific countries or regions, thereby alleviating the market's concerns about broad reciprocal tariffs.
Recently, bullish sentiment in the crypto market has rebounded, and the price of Bitcoin (BTC) has once again exceeded $87,000. Yesterday, Bitcoin rose nearly 3%, and today continued its upward trend, rising to a high of $87,300, once again heading towards the $90,000 mark.
The recovery of the crypto market is inseparable from the promotion of two pieces of news, which give the market bullish expectations, as follows:
(1) The International Monetary Fund (IMF) included cryptocurrencies in the global economic reporting framework and classified different cryptocurrencies, such as BTC as a non-productive non-financial asset, platform tokens such as ETH and SOL as equity-like instruments, and stablecoins as financial instruments. This move is equivalent to recognizing and granting cryptocurrency identity.
(2) In an interview, Bo Haines, executive director of President Trump's Digital Asset Advisory Committee, said that the United States could use the proceeds from its gold reserves to buy more Bitcoin, which is a budget-neutral approach that is very likely to be adopted.
In the short term, Bitcoin faces pressure to reach $880,000 and $90,000. On March 20, Bitcoin rebounded to $87,400 and then fell back. Today, Bitcoin is moving up again near this position, but it needs substantial positive news to break through $90,000.
BTCUSDT.P BTCUSD BTCUSD BTCUSDT BTCUSD Note
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Note
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.