
Bitcoin surges afresh to $87,200 as analysts expect US Treasury liquidity injections
Its price jumped 3.77% in the last 5 days (an addition of $3,165.57) as it continues to be influenced by a complex interplay of factors.
After reaching an all-time high of approximately $109,000 in January, the cryptocurrency has experienced fluctuations, recently trading around $84,000 as of April 17.
This price movement reflects a combination of market sentiment, macroeconomic factors, and technical indicators.
Expert insights on Bitcoin's recent price movements
Analysts have offered varied predictions for Bitcoin's trajectory in 2025.
Titan of Crypto, a well-known technical analyst, suggests that Bitcoin could reach $137,000 by mid-2025.
This forecast is based on the formation of a bullish pennant pattern and anticipated liquidity injections from the US Treasury.
Dan Tapiero, CEO of 10T Holdings, points to a rare spike in the CBOE Volatility Index (VIX) as a potential indicator of a rebound for risk assets like Bitcoin within the next 6 to 12 months, as per Cointelegraph.
Rally predicted
Benjamin Cowen, a crypto analyst, predicts that Bitcoin could rally to between $120,000 and $150,000 later in the year, provided it maintains support above $72,000, according to Coinpedia Fintech News.
Robert Kiyosaki, author of Rich Dad Poor Dad, envisions a long-term surge, forecasting Bitcoin to reach $1 million by 2035. He attributes this potential growth to ongoing economic challenges and increasing US debt.
Despite these optimistic projections, some market participants remain cautious.
Polymarket indicates a 61% probability that Bitcoin will surpass $110,000 in 2025.
However, they assign lower probabilities to more ambitious targets, with only a 29% chance of reaching $150,000 and a 14% chance of hitting $200,000, as per Business Insider.
Trump effect
On April 10, Bitcoin surged and most smaller cryptocurrencies gained even more after President Donald Trump surprised markets by saying he would pause so-called reciprocal tariffs on dozens of non-retaliating countries.
The largest digital asset jumped as much as 7.4% to $82,715, while XRP and Solana each increased more than 11%.
Ether, the second-biggest token, also turned higher after Trump noted the change on his social media platform.
Cryptocurrencies had been among few asset classes to hold steady, as investors kept dumping stocks and bonds and seeking havens to the turmoil.
Bitcoin's relative outperformance buttresses the argument that it should be included in portfolios to hedge against risks, said Joel Kruger, market strategist at LMAX Group.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Al Etihad
an hour ago
- Al Etihad
US says tariff deadline of Aug 1 is firm, no extensions
27 July 2025 18:50 WASHINGTON (AFP)The US deadline of August 1 for imposing tariffs on its trading partners is firm and there will be no extensions, Commerce Secretary Howard Lutnick said Sunday."So no extensions, no more grace periods. August 1, the tariffs are set. They'll go into place. Customs will start collecting the money, and off we go," Lutnick told "Fox News Sunday."After the levies kick in, President Donald Trump -- who was negotiating Sunday in Scotland with European Union officials -- is still willing to keep talking, Lutnick the Europeans, Lutnick said, "You know they're hoping they make a deal, and it's up to President Trump, who's the leader of this negotiating table. We set the table."So far, five countries have struck deals with the Trump administration ahead of the Friday deadline as it tries to overhaul the global system of largely free trade by slapping tariffs on countries that the United States deems as engaging in 'unfair' five are Britain, Vietnam, Indonesia, the Philippines, and Japan. The levies they accepted are often higher than the new base rate of 10 percent that the United States has applied to most countries since April. But they are far below the levels the Trump administration threatened to impose if no deal were reached.


Khaleej Times
5 hours ago
- Khaleej Times
Pakistan says it's close to US trade deal, Washington gives no timeline
Pakistani Foreign Minister Ishaq Dar said on Friday the United States and Pakistan were "very close" to a trade deal that could come within days, but comments from the U.S. after Dar met with Secretary of State Marco Rubio mentioned no timeline. "I think we are very close to finalizing a deal with U.S. Our teams have been here in Washington, discussing, having virtual meetings and a committee has been tasked by the prime minister to fine-tune now," Dar said in a discussion at the Atlantic Council think tank in Washington. "It's not going to be months, not even weeks, I would say (just) days," he said. Under U.S. President Donald Trump, Washington has attempted to renegotiate trade agreements with many countries that he threatened with tariffs over what he calls unfair trade relations. Many economists dispute Trump's characterization. The U.S. State Department and Pakistan's foreign ministry, in separate statements after Rubio's meeting with Dar, said the two stressed in their discussion the importance of expanding trade and ties in critical minerals and mining. A post by Rubio on X after the meeting and the State Department's statement mentioned no timeline for finalizing a trade deal. The Pakistan foreign ministry also said Dar "appreciated the pivotal role" by Trump and Rubio "in de-escalating tensions between Pakistan and India by facilitating a ceasefire." The State Department statement did not mention India. Trump has repeatedly taken credit for the India-Pakistan ceasefire he announced on social media on May 10 after Washington held talks with both sides. India disputes Trump's claims that the ceasefire resulted from his intervention and trade threats. India's position is that New Delhi and Islamabad must resolve problems directly with no outside involvement. An April 22 militant attack in India-administered Kashmir killed 26 men and sparked heavy fighting between the nuclear-armed Asian neighbors in the latest escalation of a decades-old rivalry. India struck Pakistan on May 7 and the two nations exchanged hostilities, killing dozens across three days. The ceasefire was declared on May 10. New Delhi blamed the April attack on Pakistan, which denied responsibility and called for a neutral investigation. Washington condemned the attack but did not blame Islamabad.


Gulf Today
7 hours ago
- Gulf Today
US reaches deal with Japan, tariff cut
The United States, riding a tariff wave launched by President Donald Trump, has concluded a trade agreement with Japan, the fourth largest economy in the world, in Washington on Tuesday. According to the agreement, the US will impose 15 per cent tariff on all goods imported from Japan. This is a much lower rate than the 25 per cent that Trump had threatened Japan with from August 1. Even as the deadline hovered over the talks, the two sides managed to arrive at an agreement much before the dreaded date. Trump had declared on his Truth Social, his personal portal, 'This Deal will create Hundreds and Thousands of Jobs – There has never been anything like it. This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan.' Japanese Prime Minister Shigeru Ishiba said, 'Since February, we have been negotiating with our national interests at stake. Both sides have engaged in all-out, close-to-the-edge negotiations over automobiles and other products. I believe this outcome reflects those efforts.' The trade agreement reflects interesting details. Though it appears that the United States has gained hugely going by the headline figures – Japan will have to invest $550 billion in the United States, open its agricultural sector to American rice – the impact on the Japanese GDP would be a mere 0.55 per cent. Even if the tariff rate had remained at the apparently punitive 25 per cent, the impact on Japanese GDP would have been 0.85 per cent. The US was running a trade deficit of $69.4 billion. And Japan will channel the investments in the US from state-backed institutions like Japan Bank for International Cooperation (JBIC) or through guaranteed loans. The Japanese investments are to be made in semi-conductors, pharmaceuticals, steel, shipbuilding, critical minerals, aviation, energy, automobiles, AI and quantum technology. The sensitive area for Japan is the import of rice. Japan consumes seven million tonnes of rice every year. It maintains a tariff-free quota of 770,000 tonnes. And it will increase the ratio of US rice imports within this range. It is said that there is room for rice imports outside the free tariff quota, with the proviso of 341 yen ($.2.33) per kilogramme of rice. Prime Minister Ishiba referring to the opening of rice imports from the US, said, 'You can think of it as increasing the proportion of rice procured from the United States, under the minimum access arrangement, but this agreement does not include any provisions that would sacrifice agriculture.' Both sides have bargained hard, and each side has claimed victory. The Japanese believe that that they have succeeded in bringing down the reciprocal tariff rate from 25 per cent to 15 per cent, a clear 10 per cent reduction. The US believes that it has managed to force Japan to necessarily invest in the US – according to the deal $550 billion – and that 90 per cent of the profits made from the investments will remain in the United States, and that it has succeeded in prising open the protected agricultural market, especially with regard to rice. It is expected that the US-Japan trade deal will serve as a template for the trade agreements with the European Union (EU) and China. The expectation is that the US will settle for a 15 per cent tariff with these two as well. The US is willing to be reasonably generous with big trade partners like Japan, EU, and China. But with smaller countries and economies like the Philippines and Indonesia it is playing tough. In the deal with the Philippines and Indonesia, the US has brought down the tariff regime from 20 per cent to 19 per cent. The trade balance of the US with these two countries is much lower, $17.9 billion with Indonesia and $4.9 billion with the Philippines.