- Bitcoin climbed back to $ 110k, fed by an increase of $ 100 billion in total crypto market capitalization
- The “extension” of rate suggested that an implementation of July 9 can still be on the table
While President Trump to hit the EU with a rate of 50% to pause it all within a day, the cryptomarkt continued to improve. In fact, in the last 72 hours, Bitcoin [BTC] has risen by almost 3%and remains stable despite the back and forth in the charts.
However, does that mean that BTC picks up the macro risks? Not really. In fact tHe has a recent increase of $ 100 billion in total crypto market capitalization up to $ 3.44 trillion came on the heels of Trump’s rate announcement about Truth Social.
Consequently, Bitcoin closed at $ 109,401 and broke out of the reach it had exchanged, because on May 23 it fell by 3.79% from the all time of $ 111,917. In short, the overall impact was Bullish.
Source: Truth Social
That said, a further reading of the tweet revealed the word “extension”. It suggested that the 50% rate is still planned to hit from July 9, unless a surprise board deal shakes up things.
So, does that Bitcoin’s short intraday pop at $ 110,339 in the “temporary” bucket too? A rally built on ‘hype’ in the short term, maybe?
Bitcoin builds up strength in the growing conviction
The investor -dilemma is real. The rate announcements continue to stack, making it difficult to follow them all. There is a good chance that the market will quickly abolish this rate sound of 50% in the coming days.
Because at the end of the day it is not the headlines moving those markets. Instead, what really matters is what those headlines actually mean.
As ambcrypto has noticed earlier, the US stock market has bled Bed Triljins, while the bond market dives back in heavy sale. Bitcoin cuts a chance to shine in this roller coaster.
The jump of almost 3% is solid evidence. Zooming, the micro -photo also seemed to tell us the same story. On May 23, the American place Bitcoin ETFs saw a huge net intake of 7,869 BTC – the biggest daily boost since April 29.
Source: Glassnode
According to Ambcrypto, this conviction Is the real deal. Simply put, it is the “greed” for future profits that prevent this rally charging.
2025 has shown us that, despite all Macro Fud, Bitcoin’s all-time high has thrive. So, do you call this a “temporary” boost? The goal is missing that.
With the impending rate recovery on the horizon, one thing is clear – BTC does not quickly hit the brakes at $ 110k. New highlights? They are well within reach.