#BTCRebound

Bitcoin Nears $84K as Market Optimism Rises Amid Easing Trade Tensions and Bond Market Turmoil

Bitcoin briefly surged past $84,000 before stabilizing near $83,796, gaining over 4.5% in 24 hours. The crypto rally comes as U.S. stock markets rebound sharply and global investors react to a mix of easing trade war tensions and a deteriorating bond market.

On April 11, Wall Street closed higher after a turbulent week driven by inflation concerns and U.S.-China trade friction. The S&P 500 rose 1.81%, the Nasdaq gained 2%, and the Dow added over 1.5%. JPMorgan Chase's strong earnings report contributed to the optimism, though CEO Jamie Dimon cautioned about future macroeconomic risks.

Meanwhile, gold hit a record high above $3,200, reflecting growing risk aversion. At the same time, Bitcoin’s resilience has drawn attention as it tests key resistance levels.

Former BitMEX CEO Arthur Hayes declared Bitcoin is entering “UP ONLY” mode, citing turmoil in the U.S. bond market. With 10-year Treasury yields climbing to 4.59% and the U.S. Dollar Index dropping below 100, traders now anticipate multiple Fed rate cuts this year—an environment that could favor BTC’s upside.

Geopolitical factors continue to play a role. While President Trump paused most global tariffs for 90 days, tariffs on Chinese goods increased to 145%, prompting Beijing to retaliate with 125% levies on U.S. imports. Despite the volatility, crypto markets are showing signs of renewed bullish momentum.