Bitcoin rebounded on Thursday, rising 7% to $82,146.2 by 01:56 ET (05:56 GMT), tracking a broad rally in global markets after former U.S. President Donald Trump announced a 90-day delay on steep reciprocal tariffs.
The relief in risk sentiment, however, was tempered by ongoing U.S.-China trade tensions, with no exemptions granted to China and tariffs rising on both sides.
Key Drivers Behind the Bitcoin Rebound
Trump’s 90-day pause on tariffs for major U.S. trading partners triggered a relief rally across equities, currencies, and crypto.
Bitcoin bounced from a five-month low, but gains underperformed relative to the stock market and forex pairs.
Tensions with China persisted: Trump raised tariffs on Chinese goods to 120%, while Beijing retaliated with 84% duties on U.S. exports.
Broader Market Correlation
Crypto markets moved in line with traditional risk assets:
The S&P 500 surged 10% on Wednesday, its largest one-day gain since 2008.
Bitcoin, while positive, lagged in magnitude, reflecting lingering crypto-specific concerns.
Strategy’s Bitcoin Loss Caps Crypto Upside
Additional pressure came from reports that Strategy, the largest corporate holder of Bitcoin, suffered a sharp loss in the mark-to-market value of its digital assets.
Investor sentiment remains fragile amid:
Volatility in crypto company earnings
Regulatory uncertainty around digital asset classifications
Reduced institutional buying in recent weeks
Real-Time Data Snapshot
For real-time crypto market performance and intraday movements, use:
Cryptocurrency Daily Market API — delivers daily updates on Bitcoin price, volume, and percent change
Crypto News API — tracks headlines influencing short-term sentiment across major tokens
Outlook
Bitcoin’s rise reflects broader relief across risk assets, but trade-related uncertainty remains elevated. The lack of tariff exemptions for China could trigger further volatility if U.S.–China negotiations falter.
Cryptocurrency traders continue watching macro headlines for clues on future market direction.
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