Crypto Markets Capitalize on Tariff Postponement
The successive announcements regarding tariffs have created uncertainty in the markets. However, crypto investors and Bitcoin seem to have reacted positively to these developments. In fact, the total market capitalization of the crypto market surged by $100 billion to reach $3.44 trillion following Trump’s tariff postponement announcement.
This increase immediately impacted the price of Bitcoin, which crossed the symbolic threshold of $110,000. After closing at $109,401, BTC even reached an intraday high of $110,339. Although the movement was relatively brief, it demonstrates the strength of the bullish sentiment in the market.
After a brief drop to $107,000, Bitcoin is currently trading at $109,100 and could potentially target $111.7k today after the opening of the stock markets. It is worth noting that the Bitcoin conference is taking place tomorrow, which could increase volatility.
Will Bitcoin Reach New Highs ?
Despite recent fluctuations, Bitcoin has maintained remarkable stability. In fact, its price only dropped by 4.79% on May 23, falling from its all-time high of $111,917. This resilience reflects the growing confidence of investors in the cryptocurrency.
Data confirms this: net inflows into Bitcoin ETFs in the United States reached 7,869 BTC on May 23, the highest level since April 29. This demonstrates that investors’ “greed” for future gains is fueling the current bullish momentum in the market.
Despite the temporary tariff postponement announcement, the threat of implementation on July 9 still looms. However, the market seems determined not to be disrupted by these macroeconomic developments.
Indeed, Bitcoin has already shown in 2025 that it is capable of overcoming geopolitical turbulence to reach new historical records. Therefore, it would be premature to consider this recent increase as purely “temporary.”
On the contrary, the strength of the bullish sentiment suggests that Bitcoin is poised to continue surprising. New highs are very likely within reach, despite lingering macroeconomic uncertainties.
With over $8.5 billion in liquidations at $115,000, it’s no longer a matter of if but when,” says trader KillaXBT on X. Whether it’s FBB or MVRV Bollinger of STH, many indicators point to a minimum of $113,000 for BTC in the coming days.
It will be crucial to monitor how the SP500 and stock markets respond to Trump’s statements today to better understand the direction of the crypto market this week.
