Bitcoin Price Surges to $90,000 After Trump Delays Tariffs
Bitcoin briefly hit $90,000 twice after President Trump delayed planned trade tariffs, boosting risk assets.Summary
The bitcoin price experienced significant intraday volatility, surging past $90,000 twice on Wednesday following geopolitical news. The rally was primarily sparked by U.S. President Donald Trump announcing a delay to planned trade tariffs after a productive meeting with NATO Secretary General Mark Rutte. This news caused U.S. equities and other risk assets to rise sharply. During his remarks at Davos, Trump also reiterated his support for digital assets, stating he hopes to sign comprehensive crypto market structure legislation soon. Despite the relief rally, macroeconomic concerns, such as rising Japanese bond yields, linger. The volatile price action led to over $1 billion in crypto liquidations over 24 hours, with Bitcoin accounting for a significant portion.
(Source：Bitcoin Magazine)