Bitcoin Surges Past $86,000 Amid Market Volatility and Tariff Uncertainty

On April 14, COINOTAG News reported significant fluctuations in the global market, primarily influenced by evolving tariff policies and the anticipated monetary stance of the Federal Reserve. Following a tumultuous week, US equities demonstrated notable recovery—showing their best performance in over a year. The S&P 500 surged by 5.7%, while the Dow and Nasdaq posted respective gains of 4.95% and 7.29%. Particularly, the Big Seven Tech Index excelled, climbing 8.95%, significantly bolstered by Nvidia’s impressive 17.62% rise for the week. Meanwhile, the cryptocurrency market confronted volatility; Bitcoin initially plummeted to nearly $74,000 under safe-haven pressures but bounced back to peak past $86,000 after positive adjustments in tariffs. It currently trades at $84,408, reflecting a weekly gain nearing 7%, while Ethereum has not mirrored this rebound effectively. Market dynamics also pressured the US Dollar Index, which fell beneath the 100 mark, evidencing a multi-year low, amidst declining oil prices and surging gold demand—which increased by 6.48%. Despite positive market corrections, lingering tariff uncertainties persist, calling for astute investment strategies this week, particularly surrounding Trump’s tariff updates and the Fed’s communications.