Bitcoin Price Surge Amidst Trade News: Drivers and Uncertainties

Bitcoin has experienced a significant price rally, soaring from around $75,000 to over $85,500 within days. This surge follows the easing of trade tensions and potential policy changes surrounding tariffs. The market response highlights growing optimism amongst traders and investors, as seen in Santiment’s data indicating increased buying activity by large institutions like Michael Saylor’s Strategy. Moreover, a declining number of Bitcoin held on exchanges suggests investor preference for holding rather than selling, adding to the upward pressure on the price.