$BTC #BTCRebound Sure! Here's a rewritten version of the article, keeping the core details but streamlining the flow and making it more engaging:
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**Bitcoin Nears $84K as Wall Street Rebounds and Bond Market Woes Ignite Bullish Momentum**
**Bitcoin Eyes Breakout Amid Shifting Market Dynamics**
Bitcoin (BTC) is knocking on the door of $84,000, buoyed by a shift in global market sentiment and turmoil in the U.S. bond market. The flagship cryptocurrency surged over 4.5% in 24 hours, briefly touching $84K before settling near $83,796. As macroeconomic uncertainty intensifies, investors are increasingly turning to Bitcoin as a potential hedge.
**Stocks Rally on Wall Street Amid Trade War Tensions**
U.S. equities staged a sharp rebound on Friday, April 11, shaking off a week of volatility driven by inflation concerns and renewed U.S.-China trade tensions:
- **S&P 500** gained 1.81%
- **Nasdaq Composite** jumped 2.0%
- **Dow Jones Industrial Average** rose over 1.5%
The rally was fueled in part by strong earnings from JPMorgan Chase, which reported $5.07 EPS on $45.31 billion in revenue—beating expectations. Despite the upbeat numbers, JPMorgan CEO Jamie Dimon cautioned about looming “considerable turbulence” due to persistent macroeconomic headwinds.
Meanwhile, **gold soared past $3,200**, hitting an all-time high as investors sought safety.
**Bitcoin Finds Strength in Uncertainty**
The latest Bitcoin rally comes as President Trump pauses most global tariffs for 90 days but raises tariffs on Chinese goods to 145%. In retaliation, China imposed 125% tariffs on U.S. imports. This tit-for-tat raised volatility but also gave Bitcoin breathing room as traders weighed geopolitical risks.
**Arthur Hayes: Bitcoin Entering 'Up Only' Mode**
Former BitMEX CEO Arthur Hayes declared that Bitcoin is entering "UP ONLY" territory, citing rising instability in the $29 trillion U.S. Treasury market:
- **10-year yields** surged to 4.59%
- Bond market had its worst week since 2019
- **U.S. Dollar Index (DXY)** dipped below 100, hitting a two-year low