🚨 Trump’s Tariff Announcement Sparks Bitcoin Rally! 🚨

🔹 Trump’s Move: Announced a 10% tariff rate, which was lower than market expectations and immediately sent shockwaves through financial markets.

Trump’s latest move on tariffs has sparked a rally in Bitcoin, with the flagship cryptocurrency surging above key resistance levels.

After announcing a 10% tariff rate on $200 billion worth of Chinese goods, Trump’s decision was met with mixed reactions.

Nasdaq futures jumped over 2% in after-hours trading on Tuesday as investor sentiment improved following Trump’s announcement.

The DXY (U.S. Dollar Index) also dipped by 50 points, weakening the USD and fueling risk appetite.

As a result, Bitcoin broke through the $80K resistance and surged by $1,500 in a single hour.

Gold futures, which usually serve as a safe haven during market turmoil, dropped initially but quickly recovered.

However, altcoins followed Bitcoin’s lead, with major tokens like Ethereum, ADA, and LINK also seeing price spikes.

This broad-based rally in the crypto market can be attributed to the weaker dollar, which often drives investors toward alternative assets like BTC and gold as hedges against inflation.

Moreover, if global trade tensions escalate further, Bitcoin’s narrative as “digital gold” could gain even more traction.

This could lead to institutional investors increasing their crypto exposure, anticipating further market shifts.

Crypto traders are now eagerly watching to see if Bitcoin can break above the $90K zone and set new all-time highs in the coming days.