Bitcoin (BTC) Makes a Strong Comeback, Rising to $80,00 This Week

Bitcoin has made a strong comeback, rising to $82,00 this week after facing heavy volatility triggered by President Trump's shifting

Bitcoin price rose again on Wednesday, moving past the $83,000 mark as the crypto market showed surprising resilience despite heavy volatility triggered by President Trump’s shifting tariff policies.

What Happened: Bitcoin has made a strong comeback, rising to $82,000 this week after facing significant volatility that began last Thursday with Trump’s announcement of a 10% tariff on all goods from China. The market stabilized after Trump announced a 90-day pause on global tariffs—excluding China.

The world’s largest cryptocurrency is now trading at $83,469, showing a gain of over 1% in the last 24 hours.

The Bitcoin spot ETFs reported a net outflow of $1.0271 million, marking the seventh straight day of negative flows, according to SoSoValue. While ARKB showed a positive inflow of $11.28 million and BITB experienced a net outflow of $12.31 million, the rest of the ETFs—including IBIT, FBTC, BTCO, BTCW, BRRRR, EZBC, HODL, GBTC, DEFI, and BTC—remained flat with zero net inflows or outflows.

Ether spot ETFs reported a much larger net outflow of over $29 million, continuing their four-day streak of losses.

The outflows from Bitcoin ETFs in April have already surpassed those seen in March. In the first 10 days of April, Bitcoin ETFs faced $149.66 million in net outflows, extending a six-day streak of withdrawals. Since the start of April, $813.89 million has been pulled out of Bitcoin ETFs.

Despite this, Bitcoin has been showing strength on the charts, with higher highs and higher lows this week. However, crypto analyst Atlantis7 remains cautious. He believes the recent 4.80% price increase is driven by passive bids on Coinbase and Binance, along with active buying on OKX.

This may indicate that institutions are treating Bitcoin as a short-term safe haven amid the ongoing US-China tariff tensions, similar to the recent performance of gold. The analyst warns that the current rally could be an “exit pump” rather than a sustainable uptrend.

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Top Gainers (24 Hour)

Chain (LINK) is the top gainer in the 24-hour period, with a price increase of 15.78%.

The post Bitcoin Price Today: Surging Past Key Resistance, Tariffs Remain In Focus appeared first on Benzinga.