The post Bitcoin Breaks the $83,000 Barrier as Crypto Market Rebounds appeared on BitcoinEthereumNews.com.

Bitcoin ​Bitcoin’s price has recently surged above $83,000, reflecting significant market movements influenced by global economic developments.​ After a 8.6% surge today, Bitcoin’s price reached $83,430, following President Trump’s announcement of a 90-day pause on reciprocal tariffs, which sparked a broad market rally – not just in crypto but the stock market as well. ​ This surge also positively impacted other cryptocurrencies and crypto-related stocks. Ethereum (ETH) rose to around $1,650, while Solana (SOL) and XRP experienced double-digit percentage gains. Companies with significant crypto holdings, such as MicroStrategy and Coinbase Global, saw their stock prices increase by nearly 25% and 17%, respectively. ​ Analysts suggest that Bitcoin’s resilience amid stock market volatility indicates its potential decoupling from traditional financial markets. Some view Bitcoin as a hedge against unstable government and financial systems. ​ In the past 24 hours $236.23 million were liquidated from the Bitcoin market – $87.55 million in long positions and $148.68 million in shorts. While the recent price surge has renewed optimism among investors, market analysts remain divided on Bitcoin’s future trajectory. Some predict a potential rise toward the $100,000 mark, while others advise caution due to ongoing economic uncertainties. ​ Despite the rebound, Bitcoin’s 1-day technical analysis from TradingView remains bearish with both the summary and moving averages pointing to “sell” with 10 and 9 signals, respectively. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow…

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Filed under: News - @ April 9, 2025 10:28 pm