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82,000 Reasons Why Bitcoin Bounced Back Amid Tariff Turmoil

Bitcoin returned to $82,000 this week, the same level it was at last week, despite initial market dips caused by fluctuating tariffs. The week began with stocks and cryptocurrencies dropping due to new import levies. However, by the week’s end, with a 90-day pause on non-China tariffs, markets rebounded. Analysts debated bitcoin’s nature, questioning if it acted as a safe haven like gold or a risk-asset. The consensus leaned towards bitcoin showing resilience, though not entirely reassuring. In other news, the SEC approved ETH ETF options, and the Department of Justice closed its crypto enforcement unit. Additionally, Teucrium’s leveraged fund saw $5 million in trading on its first day, and the first XRP ETF was listed in the U.S.

Source: www.coindesk.com

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Sina 21st Capital @Sina_21st · Apr 3
We got the largest tariff wave in US historyAnd Bitcoin is higher than it was early March when the fear picked up.

VikingXBT @VikingXBT · Apr 10
Good bounce on $BTC. Looks bottomed imo. Didn’t quite reach where I wanted, but that’s how it most often goes when trading, peak interest areas get front ran or ran through.Trade war is pretty limited for 90 days now. Just China-US with Trump trying hard to get China to talk to

₿ᴜʟʟʀᴜɴɴer77 @BullRunnner77 · Apr 8
#Bitcoin A pool of liquidity is building up at 85k. Todays Tarrif was probably the worst one since the first Tarrif was imposed and we dumped from 80-76k. Tarrifs are slowly getting priced in, most don’t understand this. In starting to see bears get very euphoric calling for much

Owner 1win @Owner1win · Apr 10
Post-shock bounceMarkets went wild yesterday after the 90-day tariff pause — S&P and Nasdaq shot up 10% in hours. Don’t even remember the last time that happened.Bitcoin fully bounced back from the “tariff black swan” dip. Looks clean, might flip trend.But let’s not pretend

DeEskimo @Silencercrypt · 18h
I don’t know how to explain but #BTC has recovered the entire dump from the tariffs announce and Ethereum has barely moved @VitalikButerin please fix your shitcoin

PiQ @PiQSuite · Apr 10
Bitcoin Soars On Trump Tariff U-TurnTickers of interest: $BTCFull Story → https://tickmill.com/blog/bitcoin-soars-on-trump-tariff-u-turn?utm_source=piq_studio&utm_medium=bdpartner&utm_campaign=en_blog_com&utm_term=rssfeed…