Bitcoin price has been in a continuous downward trend since January, with the overall crypto market remaining sluggish. However, last night, BTC rebounded and rose, with the highest price exceeding $93,000, which may be a signal that Bitcoin is about to start a new long-term upward trend.
VX: TZ7971
As of the time of writing, BTC is priced at $92,876.96, with a daily high of $93,518.26. Along with Bitcoin's price, the entire crypto market also saw many cryptocurrencies recording double-digit gains. Suddenly, talks of a bull market returning were everywhere.
What caused the crypto market to suddenly rebound significantly? What will the future trend be?
Is Trump Going to Put Down the Tariff Stick?
Early this morning, Trump stated that tariffs on Chinese goods would not be as high as 145%, and tariffs would significantly decrease but not to zero. When asked if he would take a hard stance on China, he said he would not.
Additionally, Treasury Secretary Bezos hinted at a loosening of tariff policies during a closed-door meeting at JPMorgan. White House Press Secretary Levitt stated stated at a press conference that Trump's relations with China are moving in the right direction.
Today, the market welcomed a day of compromise: Trump seemed to compromise on trade policies and Powell's tenure; stock index futures rose accordingly; Musk also declared he would gradually withdraw from the government efficiency department and return to Tesla's main business. The market is like this, always forcing you to bow and admit defeat.
The US dollar continued to recover some of yesterday's lost ground. Meanwhile, the stock market strengthened, and bonds saw some small buying. Theaves good news. Today's good news is that Trump remained silent on tradeiff issues. This might lead some market participants to believe he desires to reach an agreement and any potential market-turning event h3Markets Worry About Fed Independence
The tense relationship between Trump and Federal Reserve Chairman Powell is increasingly intensifying. Their differences mainly focus on inflation pressures from tariffs and concerns about reluctance rates, casting a shadow over the.
The US dollar dollar dollar the's exchange rate against a of currencies has been falling since, dropping to its lowest point since 2022. Trump's public pressure on Powell and speculation that he might try to dismiss Powell or other Fed officials have intensexacerbated concerns about the>
The potential global economic consequences of US dollar depreciation are hard to predict, but one thing is certain: Bitcoin will be a major beneficiary. It is a decentralized, censorship-resistant currency, fully managed by code, with a fixed supply plan and no central institution institution manipulating its issuance.>narrative becomes increasingly stronger as confidence in traditional monetary systems weakens.
If concerns about Fed independence persist, Bitcoin could rise to historical highs. Due to its decentralized ledger, cryptocurrencies serve as a hedge against risks in existing financial system. be This was demonstrated after Trump suggested he might dismiss the Fed Chairman in hopes of rate cuts, causing US Treasury risks. Investors' yield premium for long-term Treasuries relative to short-term Treasuries significantly increased, benefiting Bitcoin.
Bitcoin has decisively broken through months of downward trend trend. When a technical downward trend is broken, a technical upward trend emerges.
Bitcoin Dominance Rises to Near Four-Year High
Today, Bitcoin's market dominance (BBTC.market D 64.61%, creating a new high since 2021.021. The high Bitcoin dominrateance the Altcoin market's silence but also indirectly represents an imminent. According to previous historical data,'s data Bitcoin dominto 60% last November, Altcoa bull market.. 2019 and 2021,'s dominstood above 70%, followed by a spectacular overall market surge.
<3Will BTC's Future Trend Be??<><-institutional demand for Bitcoin from exchange-traded funds (ETFs) and traders seeking hedto hedge macmacroeconomic risks could drive Bitcoin's price to rise over double this year. Institutional demand drivers (including corporate Bitcoin buyers and and exchanges) may continue to drive a positiveistic price trend.
With investors' optimism reignited and new hopes for easing US-China trade, tensions,winexist that might limit its further rise. If market sentiment weaksentimentiments weaken, the market might see a correction.
Due to tariffs and policy uncertainties pressuring, Q4 GDP will grow 0024.5% compared to Q Q4 2024. Currently Currently, corporate and consumer surveys indicate economic sloweconomic growth, but official economic data has not yet shown this sign.
Economic indicators might more clearly show a recession starting in mid-to-late summer. Recent weeks' data evolution aligns with previous 'event-driven growth slowdown'. However, strongly drawing strong conclusions from current limited data remains premature.
Regarding US-China trade dynamics, we see the trade negotiation shifting from "high-stakes confrontation" to "high-pressure negotiation + gradual relief".
Currently, we remain in highly uncertain period, time with in oscillation state, not a trend——just fluctuating, responding, and waiting.
Today's panic index is 72, market, the market from fear to grovernightnight.
Bitcoin directly surged to 9.3, which was somewhat unexpected. Yesterday, I told everyone that after reaching 8.8, the next step would be 9.3, thinking it would take at least two days of consolidup, but unexpit reached it overnight. Short-term, reduce positions at 9.3. US stocks opened high, Japanese and Korean stocks opened. Trump couldn't fire old Powell, and the's easing of tarissues drove this rise., rise wasn't significant, but the panic index was strangShort-term, pocket the profits, wait until trade issues are truly resolved and rate cut signals are clear before re-entering.
