Bitcoin surged past $95,000 on Tuesday, as both cryptocurrency and equity markets posted gains, defying rising concerns over U.S. economic health and global trade tensions linked to the Trump administration’s aggressive tariff policies.
Bitcoin (BTC) climbed nearly 1% in the last 24 hours to reach around $95,400, approaching the $96,000 mark last seen in February. The CoinDesk 20 Index followed suit, gaining 1.1%, while Bitcoin Cash (BCH) stood out with a significant 6.3% jump.
Crypto Stocks Join the Rally
Crypto-related equities also joined the uptrend:
Coinbase (COIN) rose 0.9%
MicroStrategy (MSTR) added 3.3%
Janover (JNVR) gained an impressive 16%, continuing momentum from its Solana-based investment strategy
Traditional markets reflected similar optimism. The S&P 500 and Nasdaq Composite both advanced 0.55%, continuing a recovery following sharp drops earlier in April amid tariff uncertainty.
Economy Weakens While Markets Cheer
Behind the scenes, however, economic indicators signal serious headwinds. According to the Conference Board, U.S. consumer confidence dropped to its lowest point since May 2020. The forward-looking outlook index hit levels not seen since 2011.
The Job Openings and Labor Turnover Survey (JOLTS) further fueled concerns. March job openings fell to 7.19 million, missing the expected 7.5 million, pointing to a cooling labor market.
Meanwhile, Commerce Secretary Howard Lutnick announced a tentative trade deal with an undisclosed country, but added that it still required ratification, offering little clarity on broader tariff implications.
Bitwise Analyst Flags Market 'Blindness'
Not everyone is convinced the market's optimism is justified. Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, raised strong concerns on X (formerly Twitter), questioning whether investors are ignoring deeper risks.
“Hard to fathom how blind the market really is,” Park posted.
He warned that the market’s focus on Federal Reserve rate cuts overlooks a more structural threat:
“A Fed cut means nothing if U.S. creditworthiness is permanently impaired due to dollar weaponization,” Park noted, citing long-term damage from Trump-era policy shifts.
According to Park, markets are dangerously mispricing risk. Even if a Fed rate cut materializes in May or June, it won’t solve the issue if the concept of ‘risk-free’ U.S. credit becomes fundamentally challenged.
“The cost of capital globally could rise permanently,” he concluded.
Bitcoin: A Hedge or a Mirage?
As Bitcoin holds firm near multi-month highs, the question remains whether the rally represents a genuine hedge against growing macroeconomic instability — or if it's a short-term surge amid widespread market mispricing.
With ongoing uncertainty around tariffs, interest rates, and the dollar’s international credibility, all eyes remain on whether the crypto market can sustain this bullish momentum or if reality will soon catch up.
The post first appeared on Cryptosnewss.com