Bitcoin Breaks $87K as Global Liquidity Fuels Rally
Bitcoin’s price surged past $87,000, marking a significant breakout after a period of consolidation. The rally comes amid heightened global liquidity, drawing renewed investor interest into the cryptocurrency market.
Bitcoin Price Surges Past $87K
Bitcoin’s price has crossed the $87,000 mark after a strong upward move, signaling renewed interest from buyers. The cryptocurrency gained momentum after sideways trading, pushing past key resistance levels. This breakout occurred shortly after global M2 liquidity reached a new high, creating favorable conditions for assets like Bitcoin to attract inflows from investors. Bitcoin exited a consolidation zone between $84,500 and $85,700 with substantial volume, pushing the price to $87,571. The move indicated increased buying pressure and a possible change in sentiment.
Crypto Markets Rally on Hints of Easing China Tariffs
Crypto markets, particularly Bitcoin (BTC), traded positively on Tuesday following hints from the U.S. Treasury Secretary Scott Bessent that both Washington and Beijing view the current tariff structure as undesirable. The high tariff levels were highlighted as a factor that will force a de-escalation in economic tensions in the NEAR term. This positive sentiment boosted BTC above $90,000. Other cryptocurrencies could also benefit from this improvement in trade tensions between the U.S. and China.
Crypto Stocks Rally as Bitcoin Surges Above $90K
Crypto-related stocks surged on Tuesday as Bitcoin crossed above $90,000. Shares of Strategy (MSTR) and Coinbase (COIN) were up 8% to 9%. Bitcoin miners led the gains, with Bitdeer Technologies (BTDR) rallying 20% and Bitfarms (BITF), CleanSpark (CLSK), Cipher Mining (CIFR), MARA Holdings (MARA), and Riot Platforms (RIOT) soaring between 10% and 15%. The broader stock market also rebounded, with the Nasdaq and S&P 500 up 2% and 1.7%, respectively.
Bitcoin Price Regains $91k After Seven Weeks
Bitcoin’s price surged over 5 percent in the past 24 hours to trade above $91.3k, leading the wider altcoin market in gains. The total crypto market cap gained over 3 percent to hover around $2.95 trillion. The Bitcoin fear and greed index also improved, indicating a shift from fear to neutral sentiment. Technical and fundamental analysis suggest the crypto market will gain bullish momentum ahead.
Bitcoin Breaks Bearish Structure, Approaches Key Resistance
Bitcoin has decisively broken out of its long-standing descending market structure, signaling a potential shift in market sentiment. The establishment of a new higher high indicates a disruption of the previous trend of lower highs and lows. However, the current rally is approaching a critical resistance zone near $94,259, which includes several key levels. It remains to be seen whether Bitcoin can break through this resistance and reach new highs.
