Bitcoin Hits $82K as Trump Announces 90-Day Tariff Pause and Policy Shift
- President Trump announced a 90-day pause on tariffs for most countries, lowering them to 10% while raising tariffs on Chinese imports to 125%, triggering a major market reaction.
- The U.S. stock market surged, adding $3.5 trillion in value, with the Dow Jones jumping over 2,200 points.
- Bitcoin surpassed $82,000 following the news, supported by bullish technical signals, with analysts eyeing $88,000 as the next target.
- Altcoins like Ether and Solana also rallied, reflecting a broader bullish trend in the crypto market.
President Donald Trump announced a 90-day pause on tariffs for most countries, reducing them to a universal 10%, while simultaneously increasing tariffs on Chinese imports to 125%. This policy shift led to a significant market rally, with the Dow Jones Industrial Average surging over 2,200 points.
Bitcoin also experienced a notable increase, surpassing $82,000 following the announcement. Other cryptocurrencies, such as Ether and Solana, saw similar gains, reflecting a bullish trend in the crypto market.
Moreover, the U.S. stock market experienced a significant boost, with $3.5 trillion added following the pause in tariffs. This move has sparked an incredibly bullish sentiment in the market.
Tariffs News Boosts Bitcoins $88K Potential
Crypto observer Ali Martinez recently pointed out that Bitcoin ($BTC) is signaling a potential bullish trend, as it flashes a weekly TD Sequential buy signal. This particular signal suggests that the market might be gearing up for an upward move. For Bitcoin to solidify this momentum, it needs to maintain its price above the $74,500 mark and break past the key resistance level of $82,000. As of now, BTC has surpassed $82K; the next logical target would be around $88,000.
Source: X
What makes this scenario even more compelling is the recent news surrounding tariffs, which could act as a catalyst for further price growth. Given the current market dynamics, Bitcoin is looking increasingly likely to achieve this $88,000 target in the near future.
Related Reading: XRP Bullish Setup: Breakout Potential Above $2.00 Resistance
Read more: https://www.tronweekly.com/bitcoin-hits-82k-as-trump-announces-90-day-tariff-pause-and-policy-shift/
Text source: TronWeekly
