Bitcoin Smashes $97K as U.S. Tariff Pivot Ignites Crypto Rally—Wall Street Left Scrambling
Tariffs tumble, Bitcoin soars—Washington’s policy shift sends shockwaves through markets as digital gold breaches $97,000. Here’s why traders are piling in.
The Policy Domino Effect
When the White House blinked on trade restrictions, institutional money flooded into crypto as a hedge against currency volatility. Classic case of politicians creating the problem they’re trying to solve.
Liquidity Tsunami
With traditional markets rattled, Bitcoin’s fixed supply suddenly looks like the only adult in the room. Meanwhile, altcoins ride the coattails—because nothing fuels irrational exuberance like FOMO and cheap money.
The Cynic’s Corner
Let’s be honest: Wall Street’s ’risk models’ still can’t price crypto, so they’ll buy the top and panic-sell at $80K. Again.
The crypto market is witnessing a powerful breakout as, fueling a broad-based rally across digital assets. In the past 24 hours, the, driven primarily by bullish momentum in Bitcoin and Ethereum.
Bitcoin exploded by over $3,500 within hours to hit, triggering. The surge was backed by, with Bitcoin now commanding. Itsremains at a healthy 66, indicating strong buyer interest without entering overbought territory.
Why Crypto is Surging?
One major catalyst is the. The U.S. government announced it is. Treasury Secretaryconfirmed the move, which markets interpreted as a step toward easing economic tensions. The update sparked a, contributing to Bitcoin’s squeeze higher.
Thisindicates a potential shift in U.S. trade policy under Donald Trump’s influence, as he continues pushing for lower interest rates and friendlier economic terms.
Government Adoption Boosts Sentiment
Institutional interest hit a new high as. Governor Kelly Ayotte signed a bill allowing the state to allocate funds to top-tier digital assets like Bitcoin, marking a new era of.
Adding to the bullish tone,predicted Bitcoin could hitthis cycle. He cited growing ETF flows, government accumulation, and sovereign adoption by countries likeas reasons for the upside potential.
Altcoins and Meme Coins Ride the Wave
While Bitcoin leads the charge, altcoins are tagging along:
- Ethereum rose 1.02% to $1,824
- Solana added 0.90% to $145.67
- BNB gained 0.58% to reach $602.30
- XRP stood out with a 1.44% daily jump and 4.46% weekly rise
Smaller-cap tokens likeandsaw explosive 30% gains, while meme coins such asandposted eye-catching spikes on decentralized platforms.
Market Outlook: Will the Rally Hold?
Total, indicating renewed market participation despite macro uncertainty. All eyes are now on the upcoming Federal Reserve rate decision, with aaccording to the.While altseason remains muted—measured by an index score of just 24/100—Bitcoin’s rally toward thecould be the ignition point.
