Bitcoin prices are looking to explode as trade war tensions ease and the U.S. bond market deteriorates, leading to optimism among investors. Wall Street is experiencing a sharp recovery, while analysts expect the next move for Bitcoin amid economic uncertainty.

U.S. stocks rise as market sentiment shifts

On Friday, April 11, U.S. stock markets rebounded after a turbulent week marked by inflation fears and escalating trade tensions between the U.S. and China.

The S&P 500 index rose by 1.81%

The Nasdaq Composite index ended the day up by 2.0%,

The Dow Jones Industrial Average rose by more than 1.5%.

The recovery was partially fueled by a strong earnings report from JPMorgan Chase, which posted $5.07 EPS on revenues of $45.31 billion, surpassing analysts' expectations. However, JPMorgan's CEO, Jamie Dimon, warned of "significant disruption" ahead due to ongoing economic instability.

Meanwhile, gold rose above $3,200, reaching a record high as investors sought safe-haven assets.

Bitcoin tests $84,000 as the market awaits reversal

Bitcoin (BTC) traded briefly above $84,000 before settling around $83,796, up more than 4.5% in 24 hours. Despite recent volatility, Bitcoin appears resilient in the face of economic and political uncertainty.

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