Bitcoin’s Wild Ride: Will It Soar Past $110K or Just Hover Like a Confused Pigeon?

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  • Bitcoin has decided to climb back to $110k, fueled by a $100 billion surge in total crypto market cap, because why not?
  • Tariff’s “extension” suggests a 9 July implementation may still be on the table, or perhaps just a tablecloth.

In a plot twist worthy of a soap opera, President Trump went from threatening the E.U. with a 50% tariff to hitting the pause button faster than you can say “What’s for dinner?” Meanwhile, the crypto market, like a determined tortoise, kept plodding along. In the last 72 hours, Bitcoin [BTC] has climbed by nearly 3%, proving that it can stay steady even when the charts are doing the cha-cha.

But does that mean BTC is casually shrugging off macro risks? Not quite. The recent $100 billion surge in total crypto market cap to a staggering $3.44 trillion came right after Trump’s tariff announcement on Truth Social, which sounds like a place where truth goes to take a nap.

As a result, Bitcoin closed at $109,401, breaking free from the range it had been stuck in since it dropped by 3.79% on 23 May from its all-time high of $111,917. In short, the overall impact was bullish, or at least as bullish as a bull in a china shop.

However, a closer inspection of the tweet revealed the word “extension.” This suggests that the 50% tariff is still set to hit starting 9 July, unless some surprise backroom deal shakes things up, like a magician pulling a rabbit out of a hat.

So, does that mean Bitcoin’s brief intraday pop to $110,339 is just a “temporary” affair? A rally built on short-term “hype,” perhaps? Or just a really enthusiastic sneeze?

Bitcoin Builds Strength on Growing Conviction

The investor dilemma is as real as the last slice of pizza at a party. The tariff announcements keep piling up, making it tough to track them all. Chances are the market will quickly shrug off this 50% tariff noise in the days ahead, like a cat ignoring its owner.

Because, at the end of the day, it’s not the headlines that move markets. Instead, what truly matters is what those headlines actually mean, which is often as clear as mud.

As AMBCrypto pointed out earlier, the U.S. stock market has bled trillions, while the bond market is diving back into heavy sell-offs. In this rollercoaster, Bitcoin is carving out a chance to shine, like a diamond in a goat’s backside.

Its nearly 3% jump is solid proof. Zooming in, the micro picture seemed to tell us the same story too. On 23 May, U.S Spot Bitcoin ETFs saw massive net inflows of 7,869 BTC – the biggest daily boost since 29 April, which is like finding a $20 bill in your old coat pocket.

According to AMBCrypto, this conviction is the real deal. Put simply, it’s the “greed” for future gains that’s keeping this rally charging ahead, like a bull in a china shop with a credit card.

2025 has shown us that despite all the macro FUD, Bitcoin’s all-time high has thrived. So, calling this a “temporary” boost? That misses the mark, like a blindfolded archer at a carnival.

With the looming tariff reinstatement on the horizon, one thing’s clear – BTC isn’t hitting the brakes at $110k anytime soon. New highs? They’re well within reach, like a cat reaching for the last piece of fish on the counter.

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2025-05-27 03:05