Donald Trump helped to restore the cryptocurrency market

Crypto market experts note that the bitcoin rate BTC $83,706.76 Bitcoin -1.63% Market capitalization $1.66 trillion VOL. 24 hours $3.68 billion has risen to over $ 85,000 amid expectations of Donald Trump’s new tariff initiatives to be announced on Liberation Day. Other key cryptocurrencies also grew alongside the market leader: Ethereum ETH $1,816.73 Bridged Ether (StarkGate) -3.25% Market capitalization $0.16 billion VOL. 24 hours $1.46 billion rose by 3.8% to $ 1,893, and Dogecoin DOGE $0.16 Binance-Peg Dogecoin -4.46% Market capitalization $0.42 billion VOL. 24 hours $0.25 billion - by 3.45% to $ 0.1726. Such market movements occurred amid high volatility and the overall dominance of bitcoin, whose share reached 61.8%, a record high since February 2021.

Over the past 24 hours, more than $ 256 million has been liquidated from the market, with most of the losses coming from short positions. Also, open interest in bitcoin futures has increased by 5.25%, indicating an influx of new funds and increased trading. The Long/Short Ratio indicator exceeded 1, indicating a predominance of bullish sentiment among traders. At the same time, the Fear and Greed Index remains at the Fear level, demonstrating the general nervousness of investors.

The US stock market opened the new quarter with growth. The S&P 500 rose by 0.38%, the Nasdaq by 0.87%, and the Dow Jones index remained almost unchanged. However, weak manufacturing data (the PMI index has moved back into contraction) is increasing uncertainty. Investors' attention is also drawn to Trump’s announcement of «mirror» tariffs on goods from countries that, in his opinion, restrict access to American products.

Amid the overall market revival, some lesser-known tokens showed even greater gains: Fartcoin grew by almost 14%, EOS by 12.4%, and Bonk by 11%. The total capitalization of the crypto market increased by 2.48% and reached $ 2.74 trillion (not financial advice! — ed.).

Despite the current instability, BitMEX co-founder Arthur Hayes remains optimistic. In a new essay, he reiterated his target estimate of bitcoin’s value at $ 250,000 by the end of 2025. According to him, this scenario is possible if the US Federal Reserve switches from tight monetary policy to active easing, which will lead to a massive infusion of dollars into financial markets.