Bitcoin (BTC) wrapped up a rollercoaster week almost where it started, rebounding to $83,800 after briefly dipping to $74,700 on Monday. The recovery came as U.S. President Donald Trump paused most tariffs, easing investor fears—though trade war risks linger.
Key Bitcoin & Crypto Market Highlights
- BTC surged 5.1% in 24 hours, nearing $84,000
- Solana (SOL) jumped 8.3%, while Ethereum (ETH) rose 3%
- Stocks also rallied: S&P 500 (+5.6%), Nasdaq (+7.3%), Dow (+5%)
- Gold hit a record $3,263/oz as investors sought safety
Why Did Bitcoin Rebound?
Monday’s drop to $74,700 reflected fears over Trump’s escalating trade war with China, which now faces 145% tariffs on some exports. However, markets rallied midweek after Trump announced a 90-day tariff pause, reducing short-term uncertainty.
“Bitcoin has been behaving better than most risk assets in recent days.”
— Samir Kerbage, CIO at Hashdex
Macroeconomic Factors Impacting BTC
- Consumer Sentiment Plummets: University of Michigan’s index fell 11% in April (lowest since COVID-19)
- Inflation Concerns: March CPI came in at 2.4%, but tariffs could push prices higher
- Gold’s Record High: Safe-haven demand surged as trade tensions lingered
What’s Next for Bitcoin?
- If BTC holds above $83,000, next resistance lies near $85,000–$88,000
- A drop below $80,000 could signal renewed bearish pressure
- Long-term bullish case: Trade war risks may accelerate Bitcoin’s adoption as a hedge asset
Final Takeaway
Bitcoin’s resilience this week highlights its growing role in volatile markets. While gold remains the go-to safe haven, BTC’s strong rebound suggests increasing institutional confidence.
For the latest Bitcoin price analysis and crypto market updates, stay tuned.
