US equities and crypto markets shifted dramatically on April 9 after US President Donald Trump announced a 90-day pause on his reciprocal tariffs, except for China. Bitcoin (BTC) price responded by surging by 5% in less than an hour, reclaiming the $83,000 level which was last seen on April 6. While the S&P 500 gained 8%, Bitcoin derivative metrics have yet to turn bullish as traders remain cautious about changes in US long-term government bonds. Bitcoin 2-month futures annualized premium. Sourc...
Bitcoin price soars to $83.5K -- Have pro BTC traders turned bullish?
Coin Telegraph - 9 Apr 2025 23:20
US equities and crypto markets shifted dramatically on April 9 after US President Donald Trump announced a 90-day pause on his reciprocal tariffs, except for China. Bitcoin (BTC) price responded by surging by 5% in less than an hour, reclaiming the $83,000 level which was last seen on April 6. While the S&P 500 gained 8%, Bitcoin derivative metrics have yet to turn bullish as traders remain cautious about changes in US long-term government bonds. Bitcoin 2-month futures annualized premium. Sourc...
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