Bitcoin Price Hits $87K Amid Optimism from U.S. Trade Policy Changes
Bitcoin’s price surged to $87,127.50 due to positive market responses to U.S. trade policies, with over 172,705 BTC acquired since February. Active Bitcoin addresses rose to 8.7151 million, alongside a 1.66% increase in transactions. The NVT Golden Cross indicates bullish trends as corporate actions support Bitcoin’s growth.
Bitcoin currently stands at a price of $87,127.50, driven primarily by reactions to new trade policy perspectives from the U.S. administration. This reflects a significant increase from the earlier figure of $84,347.65. The positive response stems from indications that President Trump may adopt a more selective tariff strategy, focusing on specific nations with notable trade deficits, rather than imposing broad tariffs.
Reports indicate that this targeted approach may involve negotiations with about 15 countries, including major players such as China, Japan, India, and Vietnam, to alleviate trade tensions. Treasury Secretary Scott Bessent emphasized that these negotiations could allow countries to lower their own trade barriers to avoid higher tariffs, thereby bolstering market confidence in cryptocurrency investments such as Bitcoin.
Bitcoin has been navigating a descending wedge pattern since early 2025, hinting at a possible forthcoming breakout. Should Bitcoin successfully surpass the resistance level at $87,379.59, a bullish trend could be confirmed; conversely, an inability to breach this level might see prices retreat to approximately $78,296.26. The recent purchase of over 172,705 BTC since February 23 highlights an impressive shift in market demand reminiscent of patterns observed after the FTX incident.
The cryptocurrency’s network performance remains robust, demonstrating an increase in active addresses by 0.96%, totaling approximately 8.7151 million, which reflects enhanced user engagement. Additionally, transaction counts have risen by 1.66%, reaching 498,797 transactions, underscoring significant market activity and a strong demand for Bitcoin. A notable rise of 34.58% in the NVT Golden Cross indicator reflects an optimistic outlook for Bitcoin’s future based on its network value and transaction activity.
In corporate developments, Japanese Bitcoin investment firm Metaplanet Inc has appointed Eric Trump to its newly established Strategic Board of Advisors. Metaplanet aims to scale its Bitcoin holdings from the present 3,200 BTC to 10,000 BTC by the conclusion of 2025, leveraging Trump’s finance and branding expertise to facilitate growth and adoption of Bitcoin.
The altcoin market is experiencing positive momentum alongside Bitcoin’s upward trend, with Ethereum rising by 3.3% to $2,069.05, and XRP increasing by 3.1% to $2.4652. Other cryptocurrencies such as Solana (up 6.2%), Cardano (up 2%), and Polygon (up 2.8%) also reported gains. This broad surge, including meme tokens like Dogecoin and $TRUMP, highlights increasing optimism within the crypto market, suggesting that Bitcoin may well be entering a new bullish phase fueled by rising acquisitions, thriving network activity, and favorable technical developments.
The current price appreciation of Bitcoin to $87,127.50 reflects positive market sentiment driven by targeted U.S. trade policies. Key indicators such as increased acquisitions, growing active addresses, and rising transaction volumes signal a potential new bullish phase for Bitcoin. Additionally, corporate moves such as Metaplanet’s strategic board appointment highlight institutional confidence in Bitcoin’s growth prospects. Overall, the cryptocurrency landscape is poised for continued positive momentum as both Bitcoin and altcoins demonstrate solid performance.
Original Source: moneycheck.com
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