Bitcoin defies the storm!

Surpasses $87,000 after Trump's tariff blow

Massive liquidity and whales to the rescue?

The leading cryptocurrency, Bitcoin, has seen a remarkable surge, surpassing the $87,000 mark for the first time since April 2, with an increase of more than 3% in the last 24 hours.

This bullish movement comes after a period of turbulence for the crypto market in general, caused by the radical tariff policies implemented by U.S. President.

These initial policies led global investors to seek refuge in assets considered safer and more stable, causing Bitcoin to drop to $74,500 in early April.

"Bitcoin's breakout above $87,000 is being driven by an increase in global liquidity, fueled by the expansion of the M2 money supply and renewed institutional interest highlighted by signals [from Strategy] to further increase their holdings, adjusting the available supply," said Dominick John, analyst at Kronos Research.

The M2 money supply in the United States, Europe, Japan, and China steadily increased between December and February, reaching $90.2 trillion, according to MacroMicro data.