Bitcoin Surges Past $87.6K Despite Market Tariff Turmoil
Bitcoin hits $87.6K, its highest since April, defying declines in traditional assets post-Trump tariffs.
- Bitcoin reaches $87,600, a new monthly high.
- The move comes despite sharp declines in other asset classes.
- Trump’s recent tariffs may be pushing investors toward BTC.
Bitcoin Rallies to $87.6K Amid Economic Uncertainty
Bitcoin has surged to $87,600, marking its highest price since early April and showing surprising strength in the face of broader market weakness. This bullish move comes less than a month after former President Donald Trump announced new tariffs, dubbed “Liberation Day tariffs,” which have rattled traditional financial markets.
While stocks and commodities have experienced notable downturns, Bitcoin has bucked the trend, suggesting its role as a hedge is once again being recognized by investors.
Trump’s Tariffs Spark Flight to Crypto
The Liberation Day tariffs, aimed at curbing foreign imports, have triggered global uncertainty and a decline in many asset classes. Equities, particularly those in tech and manufacturing sectors, have seen sharp sell-offs. However, Bitcoin appears to be attracting capital as a store-of-value asset during this period of volatility.
Historically, geopolitical or economic turbulence has often led to increased interest in decentralized assets, especially Bitcoin, due to its independence from government policy and monetary control.
What This Means for Bitcoin Investors
Bitcoin’s break above $87,000 could signal the start of a renewed bullish trend, especially if macroeconomic conditions continue to deteriorate. With capital seeking refuge from traditional assets, BTC’s appeal as “digital gold” is gaining traction once again.
Technical analysts are now watching the next resistance levels, with many eyeing the $90K mark as the next major milestone. As long as Bitcoin continues to decouple from traditional markets, it may benefit from further inflows in the weeks ahead.
