Bitcoin rebounded after the U.S. dialled back its 50% trade tariff threats on European imports, providing short-term relief to global markets. Analysts believe the crypto’s next key resistance lies around $112,000.
“Bitcoin has bounced after the US backtracked its 50% trade tariff on Europe… it must break through $112,000 to continue its strong rally,” said Vikram Subburaj, CEO of Giottus.
Crypto Tracker
The rally follows a record high of $112,000 last week, driven by growing institutional demand and optimism around global crypto regulation. While recent volatility stemmed from macro events, overall sentiment remains bullish.“Despite minor pullbacks, Bitcoin continues to benefit from reduced supply post-halving and increasing on-chain activity,” said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. “Long-term holders may view dips as opportunities.”
Also Read: Why AI tokens are emerging as high-conviction investment theme in 2025Corporate interest also added to the momentum. Asia-based consumer food giant DDC Enterprise acquired 21 BTC as part of a broader treasury strategy targeting 5,000 BTC. Meanwhile, Pakistan has announced a 2,000 megawatt energy allocation to support Bitcoin mining and AI data centres, according to CoinSwitch Markets Desk.Edul Patel, CEO of Mudrex, noted, “The quick rebound highlights BTC’s resilience, supported by an 80% drop in daily exchange inflows… Bitcoin’s strong fundamentals and declining sell-side activity position it well for further upside.”
Altcoins also traded in the green. Solana rose 3.2%, Cardano gained 4.6%, Dogecoin advanced 3.6%, and Chainlink surged 4%. Avalanche led with a 5% rise, while XRP, Stellar, Shiba Inu, Sui, and Hedera posted modest gains.
Also Read: JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon’s continued criticism
Bitcoin’s dominance in the crypto market rose to 63.2%, with its market cap touching $2.184 trillion. However, daily trading volume dipped 3.2% to $47.57 billion, according to CoinMarketCap.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
