Bitcoin’s resilience shines as price nears $84,000 amid trade war uncertainty 

This recovery follows a 90-day pause on most tariffs announced by U.S. President Donald Trump, a move that has momentarily eased investor concerns amidst ongoing trade tensions with China.

As of the time of writing this article, Bitcoin was trading around $83,800, reflecting a 5.1% increase in the past 24 hours, according to data from CoinGecko.

This performance highlights Bitcoin’s appeal as an asset capable of weathering economic uncertainties.

In addition to Bitcoin’s gains, other cryptocurrencies have also experienced upward momentum: Solana has risen by 8.3% to $120, while Ethereum has climbed 3% to $1,550.

The price of Bitcoin dipped as low as $74,700 on Monday, fueled by concerns over the economic impact of Trump’s month-long trade war.

These groups have returned to the market after months of cautious withdrawals, recognizing Bitcoin’s potential to serve as a hedge against economic uncertainty.

Chief Investment Officer at crypto asset manager Hashdex, Samir Kerbage, highlighted Bitcoin’s outperformance compared to traditional risk assets during the week’s turbulence.

“This week will be remembered for its volatility and uncertainty,” Kerbage told Decrypt. “Bitcoin has been behaving better than most risk assets in recent days, showcasing its resilience amidst market turmoil.” 

The week has also been eventful on Wall Street, where stocks experienced some of the strongest swings in recent history.

While the tariff pause provided temporary relief, market participants remain wary of the broader implications of escalating trade tensions, particularly as they pertain to global economic stability.

Bitcoin’s ability to recover and maintain stability indicates its growing reputation as a reliable store of value and a hedge against macroeconomic uncertainty.

The unfolding dynamics of the U.S.-China trade war remain a key driver for market sentiment and could significantly impact the trajectory of both global markets and cryptocurrency valuations in the months to come.