🚀 Bitcoin Soars to $190K: Trump’s Tariff Truce & Crypto Week Hype Fuel Market Frenzy

Bitcoin just blasted past $190,000—yes, you read that right—as political tailwinds and industry euphoria collide. Here’s why traders are flipping bullish.

The Trump Effect: Tariff Drama on Pause

Markets exhaled after the White House delayed tariff deadlines, sparking a risk-on rally. Crypto, ever the opportunist, rode the wave. Classic ‘buy the rumor’ behavior—even when the rumor involves trade wars.

Crypto Week: FOMO at Terminal Velocity

With major conferences and product launches looming, speculative cash is flooding in. Because nothing says ‘healthy market’ like a 20% pump fueled by hype and free conference swag.

Warning Lights Behind the Green Candles

Sure, new all-time highs are fun—until someone mentions leverage. Remember kids: when your Uber driver starts shilling altcoins, maybe take profits. Or don’t. Wall Street’s waiting to short your greed.

Trump Pushes Tariff Deadline 

Over the weekend, President Donald TRUMP confirmed that the United States would delay its planned tariff increases. The new rates will now take effect on 1 August. Trump also said that official letters explaining the changes would be sent out on Monday. 

Many traders believe the delay helped ease market fears. Without the immediate pressure of higher tariffs, some investors are turning back to risk assets like Bitcoin. Moreover, the anticipation around “Crypto Week” is also a key factor in sending Bitcoin price thriving ahead of Monday U.S. stock market opening. 

Looking ahead, technical analysis shows support around $107,500 and resistance close to the record high of $111,212. Notably, strong ETF inflows from the previous week also remain a key factor behind Bitcoin’s recent strength.

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