Bitcoin (BTC) Surges to $85,800 After Trump's Tariff Announcement

The Bitcoin (BTC) has recently made headlines by reaching 85,800 dollars on April 14, 2025, before stabilizing at 84,600 dollars!

Bitcoin (BTC) price recently surged to 85,800 dollars on April 14, 2025, before stabilizing at 84,600 dollars. This move broke a recent downward trend and sparked some discussion over whether the Bitcoin bulls were making a comeback or if this was just a temporary rally.

As optimism grew around the revision of tariffs on semiconductors, a crucial sector for the global economy, Bitcoin's price surged. However, enthusiasm quickly dampened when US President Donald Trump specified that these exemptions, notably for smartphones, could be temporary.

This uncertainty, combined with trade tensions between the United States and China, hampered the upward momentum, preventing BTC from breaking through 86,000 dollars.

Chart 1: Bitcoin price on April 14, 2025

Source: CoinGlass

Moreover, monthly futures contract data showed a decreasing premium, dropping from 6.5% on April 11 to 5%, a level close to the neutral-to-bearish threshold. This indicated caution among leveraged buyers, limiting short-term prospects for Bitcoin.

A mixed sentiment in the options and ETF markets

The Bitcoin options market also displayed mixed sentiment. On April 13, the delta skew indicator briefly signaled slight optimism, shifting from -0.3 to 0.1, indicating more bullish bets. However, this momentum did not hold.

Furthermore, inflows into Bitcoin ETFs showed disappointing figures, with 277 million dollars of outflows reported between April 9 and 11.

Even the acquisition of 286 million dollars worth of Bitcoin by Strategy at 82,618 dollars did not seem to be enough to revive confidence. In China, demand for stablecoins like Tether (USDT) has fallen, with a premium dropping to 0.5%, indicating waning interest from leveraged retail traders.

This cautiousness among traders and the persistent macroeconomic uncertainties might limit a possible breakthrough of BTC towards 90,000 dollars. Despite this rebound to 84,600 dollars, Bitcoin remains at a crossroads, with its direction ultimately depending on the evolution of the global economy and the appetite of investors.

Stay tuned for more updates and analysis as we follow the interesting developments in the world of cryptocurrency.

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