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Bitcoin Nears ATH Amid Tariff Chaos—But Don’t Pop Champagne Yet

Bitcoin Nears ATH Amid Tariff Chaos—But Don’t Pop Champagne Yet

Author:
Blockworks
Published:
2025-05-12 15:40:06
16
3

Bitcoin approaches all-time high on tariff news, but headwinds remain

Bitcoin’s price surges toward record highs as traders flee traditional markets rattled by fresh tariff wars. The crypto’s 15% weekly gain has speculators buzzing—yet again—about ’digital gold’ narratives.

Warning lights flash beneath the rally: whale wallets are quietly distributing, Tether’s reserves raise eyebrows (again), and Wall Street’s latest ’crypto innovation’ is just repackaged leverage. Some things never change.

Meanwhile, institutional inflows hit $1.2B this week—proving even suits need gambling outlets when the Fed plays interest-rate roulette. The bull case? Macro turmoil finally makes Bitcoin’s volatility look tame. The bear trap? Same as always: liquidity vanishes faster than a VC’s promises when real fear hits.

|Square

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