Bitcoin's Impressive Rally

After a brief dip to the $76,000 range earlier this month, Bitcoin has made a significant comeback, soaring above $87,000 during Monday's trading session. This marks the highest point for the cryptocurrency since March 7, signaling a strong recovery that has caught the attention of investors worldwide.

What's Driving the Surge?

Investors are breathing a sigh of relief following the latest updates on the Trump administration's upcoming tariffs. According to the Wall Street Journal, the tariffs, set to be implemented on April 2, are expected to be more targeted than initially feared. This suggests a potentially lesser impact on global economies, a factor that may be contributing to the renewed confidence in Bitcoin and other cryptocurrencies.

Market Snapshot

At 7:06 am ET, Bitcoin was up by 1.89%, trading at $87,726.504. Not to be outdone, Ethereum also saw a notable increase, jumping by 4.40% to $2,094.6383 at the same time.