Bitcoin’s recent surge above $84,500 has breathed new life into financial markets, bringing a positive shift following the second Sunday of April. While some cautious optimism is warranted, this consistent price growth represents a hopeful sign for traders as it coincides with a diminishing influence of tariff uncertainties. What’s driving the Bitcoin bull run? Experts point to growing DeFi applications and increasing interest from institutional investors for contributing to this rise. The market is slowly regaining momentum after facing headwinds at the beginning of April, driven by concerns about tariffs. The Federal Reserve has indicated its readiness to intervene if needed to address inflationary pressures. Is easing tariffs beneficial for crypto? Recent developments suggest a shift in the economic landscape. Former President Trump’s decision to ease tariffs on certain Chinese imports and upcoming talks between Trump and Chinese President Xi have eased market anxieties. This, combined with the U.S. President’s reconsideration of his approach amidst recession worries, has fostered an optimistic outlook for cryptocurrencies. **What does this mean for the future? ** If negotiations progress and the 15 proposed trade agreements gain approval, market fears could subside, potentially benefiting the cryptocurrency market. A key benchmark for Bitcoin remains at $88,500. The underperformance of cryptocurrencies in Q1 and April was largely attributed to tariff concerns. With these concerns mitigated, fundamental challenges within the crypto space may find a pathway for appreciation. Several cryptocurrencies, including HNT, JASMY, and EOS, are showing positive momentum with recent gains, despite a slight decrease in trading volume compared to yesterday. The overall cryptocurrency market cap is around $2.7 trillion, while the fear index currently sits at 32, indicating a move towards stability. Market observers will closely watch announcements regarding tariffs, which could trigger heightened speculation and volatility in the coming days, prompting traders to remain vigilant for price fluctuations.