Crypto Surges $100B as Bitcoin Hits $110K on Trump's Tariff Signals
Crypto markets have witnessed a significant influx of over $100 billion in the past 12 hours, with Bitcoin reclaiming the $110K mark. This positive trend comes amidst signals of flexibility from former US President Donald Trump on Chinese tariffs, temporarily easing macroeconomic pressures.
The surge in crypto markets can be attributed to retail spot accumulation, with individual investors driving the re-entry of funds. Bitcoin, the world's largest cryptocurrency, has demonstrated resilience by achieving its first higher low since the October 17 plunge. Despite this positive development, the Fear and Greed Index remains at 30, suggesting that investors are still exercising caution.
The crypto market's recent rebound, led by Bitcoin, indicates a renewed interest from investors. However, lingering caution persists, as reflected in the Fear and Greed Index. The temporary softening of macro headwinds, due to signals from Donald Trump on Chinese tariffs, may have contributed to this positive trend.
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