Bitcoin Market Shows Resilience amid Global Trade Tensions
The Bitcoin Volmex Implied Volatility 30-Day Index has been on a positive run for four days. This indicates that Bitcoin prices are swinging more due to President Donald Trump’s tariffs, which have shaken global markets.
Bitcoin (BTC) climbed 3% to $87,972. This boost pushed the total crypto market value back over $3 trillion. Other altcoins also saw some recovery. XRP regained it’s spot above Tether (USDT),while Solana (SOL) and Cardano (ADA) showed slight improvements.
Publicly traded Bitcoin holders, like Coinbase and Strategy, saw gains on March 4, rising 4% and 10%, respectively. However, it’s unclear if Bitcoin will break past $90,000, as momentum slowed down by the time of publication.
Analysts predict Bitcoin could reach $150,000 to $250,000 by 2026. But in the short term, Bitcoin could drop 24%, possibly falling below $70,000. This could set a new cycle bottom.
Meanwhile, U.S. stock indices like the Dow jones and S&P 500 have been shaky due to trade wars. Canada threatened to retaliate against Trump’s 25% tariffs. Leading tech stocks, such as Nvidia and microsoft, had gains before the trade tensions between Trump and Canadian Prime Minister Justin Trudeau.
For more insights, check out the Bitcoin volmex implied volatility 30-day index.
