#BTC

Bitcoin surged to nearly $84,000 amid macroeconomic uncertainty, boosted by strong earnings from JPMorgan and record-high gold prices above $3,200. Market volatility intensified due to a U.S.-China tariff standoff, with both countries imposing steep levies. Former BitMEX CEO Arthur Hayes predicted a bullish phase for Bitcoin, citing chaos in the $29T bond market and a weakening U.S. dollar. Technical indicators, including a falling wedge and bullish support near $80K, point toward potential upside. Analysts now eye $96K to $140K targets if momentum holds. The crypto market anticipates further Fed rate cuts, enhancing Bitcoin’s appeal as a hedge against economic instability.