Recent Influential Events

Several recent events have significantly impacted Bitcoin prices:

Trump's Tariff Policy: On April 9, 2025, the Trump administration announced a 90-day suspension of most import tariffs, while increasing tariffs on Chinese goods to 125% (Kiplinger - Trump Tariffs Update). This policy adjustment may alleviate market concerns and boost prices.

New All-Time High in Bitcoin Hash Rate: Posts on platform X indicate that the Bitcoin hash rate has reached an all-time high, which typically signals increased network security and miner confidence, positively affecting prices (X post, X post).

Decreased Likelihood of Economic Recession: Posts on platform X mention a rapid decrease in the likelihood of an economic recession in the U.S., which is generally favorable for risk assets like Bitcoin (X post).