#BTCRebound

Bitcoin News: Bitcoin Trades Near $84K as Stock Market Rebounds and Bond Market Volatility Boosts Optimism

AI Summary

Bitcoin remains steady around $84,000 amid economic uncertainty and turbulence in the bond market, signaling a potential breakout. Analysts suggest the cryptocurrency could surge toward $100,000 if the U.S. dollar continues to weaken.

Bitcoin appears poised for a breakout as easing trade tensions and mounting stress in the U.S. bond market boost investor confidence. Wall Street staged a strong rebound, and analysts are closely watching BTC's next move amid broader macroeconomic concerns.

U.S. Stocks Rebound as Market Sentiment Improves

On Friday, April 11, U.S. equities bounced back after a turbulent week dominated by inflation concerns and rising trade tensions with China.

The S&P 500 advanced 1.81%

The Nasdaq Composite climbed 2.0%

The Dow Jones Industrial Average rose over 1.5%

The market recovery was partially driven by a solid earnings report from JPMorgan Chase, which reported $5.07 in earnings per share on $45.31 billion in revenue, surpassing analyst estimates. Despite the strong performance, CEO Jamie Dimon cautioned about "considerable turbulence" ahead, citing ongoing macroeconomic instability.

At the same time, gold soared past $3,200 to a new all-time high, as investors flocked to safe-haven assets amid uncertainty.