Following Donald Trump's announcement about the suspension of tariffs, the crypto market has shown signs of recovery, creating optimism among investors.
Market Reaction to Trump's Statement
As the North American financial market opened on April 10, it became evident that US investors are bullish about the broader crypto market in the long term. Trump's announcement of a 90-day tariff suspension triggered a short-term rally in Bitcoin and other altcoins.
Outlook for the Crypto Market After Halving
The crypto market is at a crucial juncture after the 2024 Bitcoin halving, with experts divided in opinions: some predict the start of a bear market, while others expect a sharp upward trend. A solid support level for Bitcoin could lead to price increases toward $88,000.
FAQs About Bitcoin's Current Status
In response to inquiries, experts confirmed that market optimism is linked to Trump's actions. Bitcoin is indeed forming a bullish pattern, which creates conditions for possible growth.
The crypto market continues to face external pressures, but recent statements from Trump encourage investors and may lead to positive changes in the future.
