Bitcoin's Remarkable Recovery

After a brief dip to the $76,000 range earlier this month, Bitcoin has made a significant comeback, soaring above $87,000. This marks the highest point since March 7, signaling a strong recovery and renewed investor confidence.

Investor Relief Amid Tariff News

The cryptocurrency's rally coincides with the latest updates on the Trump administration's tariffs, set to be imposed on April 2. Reports suggest these measures will be more targeted than initially feared, potentially minimizing their economic impact. This development has likely contributed to the positive shift in investor sentiment.

Market Movements at a Glance

At 7:06 am ET, Bitcoin was up by 1.89%, trading at $87,726.504. Not to be outdone, Ethereum also saw significant gains, jumping by 4.40% to $2,094.6383.