The post Bitcoin’s Rise Amid Trade Protectionism: Will It Break $94K Resistance or Test $88.5K Support? appeared on BitcoinEthereumNews.com.

The financial landscape is currently witnessing significant shifts, largely influenced by recent trade protectionism policies stemming from the Trump administration. This evolving scenario has altered the risk appetite of market participants, resulting in a notable challenge to the dominance of the US dollar and US Treasury bonds. Investors are increasingly reallocating their assets into traditional safe havens such as gold and evolving alternatives like crypto assets. Gold prices have surged to an unprecedented high of $3500 per ounce, while Bitcoin, notably through Bitcoin ETFs, has experienced a robust inflow of capital, showcasing a cumulative price rise of 13% since the onset of April. Expert analysts suggest that while gold remains the conventional safe haven, its current price position necessitates meticulous assessment for optimal allocation. The cryptocurrency sector stands to gain from a strategic shift in safe-haven investments. However, Bitcoin faces critical resistance at $94K; failing to breach this level may prompt a reevaluation at $88.5K. Investors are urged to remain vigilant regarding market developments, enhance their risk management strategies, and ensure a diversified asset allocation to mitigate potential volatilities. Source: https://en.coinotag.com/breakingnews/bitcoins-rise-amid-trade-protectionism-will-it-break-94k-resistance-or-test-88-5k-support/

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Filed under: News - @ April 25, 2025 9:25 am