Bitcoin's Impressive Rally

In a surprising turn of events, Bitcoin has surged past the $87,000 mark during Monday's trading session, a price point not seen since March 7. This remarkable recovery comes after a brief dip to the $76,000 range earlier this month, signaling a strong rebound for the leading cryptocurrency.

Investor Sentiment and Economic Factors

Investors are breathing a sigh of relief following the latest updates on the Trump administration's tariffs, set to be implemented on April 2. Reports from the Wall Street Journal suggest that these measures will be more targeted than initially feared, potentially minimizing their economic impact. This development may have contributed to the positive momentum in the cryptocurrency market.

Market Performance at a Glance

As of 7:06 am ET, Bitcoin experienced a 1.89% increase, trading at $87,726.504. Not to be outdone, Ethereum also saw significant gains, jumping by 4.40% to reach $2,094.6383 at the same time.