Bitcoin has once again updated its local maximum

Bitcoin BTC $83,221.04 Bitcoin -0.71% Market capitalization $1.65 trillion VOL. 24 hours $0.98 billion has once again updated its local highs, rising to $ 88,500 after recently dropping to $ 78,000. The growth was supported by several key factors, including the recognition of bitcoin as a strategic asset and the attention of major investors and governments.

One of the main events was the recently passed law in Oklahoma that allows for the creation of a strategic bitcoin reserve in the state. Texas, Arizona, and Utah have previously joined similar initiatives. This demonstrates the gradual strengthening of bitcoin’s position as a capital preservation tool and a potential financial reserve for US regions.

The growth of institutional interest in bitcoin through exchange-traded funds (ETFs) also plays a role. A high-profile example is the launch of a Bitcoin ETP in Europe by BlackRock after the success of a similar fund in the United States.

Among the macroeconomic factors, the main focus is now on Donald Trump’s plans to introduce new global trade tariffs on April 2. While such moves usually put pressure on risky assets, there have been reports that the administration may soften the terms of the tariffs. If this happens, it will send a positive signal to the market and support bitcoin’s growth.

Analysts emphasize that history shows that excessive optimism in the market often precedes a correction. However, fundamental factors and active support of bitcoin by large capital give reason to expect further growth, especially in April.

According to Coinpedia , bitcoin could reach $ 169,000 this year if the positive trend continues. And by 2030, it could even reach $ 610,000 per coin. However, the market remains sensitive to news and macro events, so investors are advised to remain cautious.