Bitcoin Surges to $84K Amid US-China Tariff Tensions
- Bitcoin surged to $84,000 following a rebound from a $74,000 low.
- The US paused tariffs for 90 days on most countries, while China raised tariffs on US goods to 125%.
- A wallet linked to Trump added $25 million in USDcoin post-tariff announcement.
- Memecoins like Fartcoin saw significant gains, with daily increases of up to 22.8%.
- Binance shorting reached a two-week peak, indicating potential for a Bitcoin price surge.
Bitcoin’s rise to $84,000 occurred amid escalating US-China tariff tensions and notable memecoin activity. A wallet associated with Trump increased its USDcoin holdings by $25 million after the tariff news.
Source (2.6)https://insights.santiment.net/read/bitcoin-surges-back-to-84k-90-day-tariff-pause-ignites-crypto-amp-stocks-this-week-in-crypto-summary-april-11-8609
