Bitcoin (BTC) passed $88,000 after the March 25 Wall Street open as risk assets stayed highly sensitive to US trade tariffs.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
BTC price gains anticipate classic April comeback
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tightly clinging to the daily open.
US stocks opened modestly higher, building on a comeback that provided traders some long-awaited cause for optimism.
A key ingredient in stemming the risk-asset rout were cues from the US government and President Donald Trump over their planned round of trade tariffs set to begin on April 2.
“Risk assets staged one of their strongest sessions of the year, helped by a temporary easing of fears around the April 2nd tariff deadline,” trading firm QCP Capital summarized in its latest bulletin to Telegram channel subscribers.
“Trump signalled twice