Bitcoin Hits $88,500! Tariff News & ETF Inflows Fuel Crypto Market Surge

Bitcoin Price Surges Amid Tariff Comments and ETF Inflows

Bitcoin prices experienced a significant rise following comments from President Donald Trump regarding tariff strategies. On Monday afternoon, Bitcoin traded above $88,500, marking an increase from its late Friday level of approximately $84,000. Ethereum also saw gains, climbing to $2,090 from $1,960 during the same period.

Investor's Business Daily reported that the cryptocurrency market's positive momentum was further supported by a rebound in ETF inflows. This development comes after a $10 billion drop in open interest in Bitcoin CME futures since the December Federal Open Market Committee meeting. Analysts suggest that these ETF inflows represent long-term capital, which is generally more stable.

"Bitcoin is holding above $86,000, registering a 3% gain today. The key resistance level to watch is $86,700; a breakout could pave the way for $90,000," said Vikram Subburaj, CEO of Giottus.

Despite the recent gains, analysts warn of potential risks, with some predicting a drop to $73,000 in the near future. The market remains sensitive to political developments and economic data releases.

Cryptocurrency	Price (Monday Afternoon)	Price (Friday Evening)
Bitcoin	$88,500	$84,000
Ethereum	$2,090	$1,960

Key Takeaway: Bitcoin and Ethereum prices surged following tariff-related comments and a rebound in ETF inflows, with Bitcoin trading above $88,500.

Altcoins and Market Trends

According to Crypto Times, Bitcoin's bullish trend has positively influenced the broader cryptocurrency market. Altcoins such as XRP, Solana (SOL), and Dogecoin (DOGE) have also seen significant gains. Solana emerged as a standout performer, surging over 7% in the past 24 hours to trade above $139. The global crypto market capitalization now stands at $2.85 trillion, with a 24-hour trading volume of $68.94 billion.

Notable price movements include a 15% increase in the RENDER token and a 6.5% rise in Solana. However, some cryptocurrencies like Wormhole (W) and Kava (KAVA) experienced losses, dropping by 16% and 7%, respectively.

Top Gainers: RENDER (+15%), Solana (+6.5%), Avalanche (+12%)
Top Losers: Wormhole (-16%), Kava (-7%), Tron (-4%)

Key Takeaway: The cryptocurrency market is experiencing mixed trends, with significant gains in Bitcoin and select altcoins, while some tokens face losses.

Ethereum's Performance and Challenges

Ethereum continues to show resilience, trading above $2,000 and attempting to break the $2,100 mark. However, analysts highlight challenges as Ethereum faces increased competition from emerging blockchain platforms. The Financial Times described Ethereum as undergoing a "midlife crisis," with rivals catching up in terms of scalability and transaction speed.

Despite these challenges, Ethereum remains a key player in the cryptocurrency market, with its ecosystem supporting a wide range of decentralized applications and smart contracts.

Key Takeaway: Ethereum maintains its position above $2,000 but faces growing competition from newer blockchain platforms.

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