Bitcoin rally to $88.5K obliterates bears as spot volumes soar — Will a tariff war stop the party?
Bitcoin rallied for a second day as spot volumes soared, but geopolitics and a global tariff war could put a lid on BTC’s price upside.
Bitcoin price caught an unexpected bid by rallying to a session high at $88,500, but will the price gains be capped at a multimonth overhead resistance that is aligned with the 50-day moving average?
Key points:
Bitcoin extended its April. 1 gains as news that the Trump administration had not finalized its “Liberation Day” tariffs emerged.
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