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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 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 big correction. The digital asset dropped to as little as $74,000, marking a 25% decline from its file excessive of $109,000 reached in January.
Nonetheless, the President’s choice to pause his so-called “tariff conflict” has led to a outstanding rebound in crypto costs boosted by a $6 billion commerce cope with the UK announced on Thursday.
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Within the thirty-days timeframe, the market’s largest cryptocurrency has recorded a staggering 31% worth surge, positioning it simply 6.7% under its all-time excessive. Antoni Trenchev, co-founder of the crypto alternate Nexo, remarked:
Bitcoin has not solely reclaimed $100,000 for the primary time in three months however has additionally reaffirmed its standing as the last 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 carefully with an 11% improve.
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) traders. He famous that Bitcoin’s outperformance towards US fairness benchmarks in 2025 reinforces its standing as a resilient and safe-haven asset.
Analysts Warn Of Challenges Forward Amid International 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 reducing rates of interest amid considerations over unemployment and inflation.
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Because the 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 enchantment as a hedge towards conventional market fluctuations.
With the intention to verify its upward pattern, analysts predict that Bitcoin might want to break above its January excessive of over $109,350. In line with Trenchev, the cryptocurrency’s worth may keep between $70,000 and $109,000 for the months following the election.
Nonetheless, he emphasised that reclaiming the $100,000 milestone is a big achievement for Bitcoin. “Shopping for throughout peak worry—simply final month Bitcoin was languishing round $74,000—could be exceptionally profitable,” he concluded.
Featured picture from DALL-E, chart from TradingView.com