It Seems the Tides Have Started to Turn for Bitcoin

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Bitcoin has started to climb back above the $84K mark after hitting its lowest level in the past five months. The latest price chart on CoinmarketCap shows that Bitcoin has broken out of a descending channel pattern—an indicator that could signal further upside in the days ahead.

This resurgence has triggered a renewed rush to find the best crypto to buy now and capitalize on the momentum. However, one question still lingers: what exactly is driving this growth?

Why is Bitcoin Surging Again?

Multiple socio-political and economic factors have contributed to Bitcoin pushing past its previous lows in an attempt to reclaim its all-time high. Below are some of the key reasons behind the surge:

Donald Trump’s 90-Day Tariffs Pause

Bitcoin was able to rebound from its low point of $74K thanks to a relief rally triggered by Donald Trump’s announcement of a 90-day pause on tariffs. This decision came after discussions with several trade partner countries—many of whom may now reduce their own tariffs in response. Another possible reason is that the initial tariff announcement caused the broader financial market to bleed value, and Trump, who has shown support for crypto, may have sought to undo the damage.

Tariff Exemptions on Key Tech Products

Beyond the 90-day pause, the U.S. Customs and Border Protection released an updated exemption list, adding 20 categories of products—including smartphones, display screens, and other tech essentials—that are now exempt from tariffs. This move may have been perceived by the blockchain community as a signal that the U.S. government is looking to bolster innovation. As a result, Bitcoin’s price saw an upward push.

Advance of New Hampshire and Florida State-Owned Bitcoin Reserve Bills

Another positive development from the regulatory front is that both New Hampshire and Florida have advanced their own State-Owned Bitcoin Reserve bills. This move could help push Bitcoin beyond the label of a mere “speculative asset.” That belief likely encouraged investors to act swiftly, fueling a relief rally in hopes that Bitcoin could reclaim its previous highs.

Which is the Best Crypto to Buy Now Under the Current Market Conditions?

Market conditions, at least on the surface, appear to be shifting back toward a bullish phase—creating an opportunity for many cryptocurrencies to gain value. In this environment, several projects could be considered strong picks.

BTC Bull

With sentiment around Bitcoin turning bullish, investing in BTC Bull makes strategic sense.

BTC Bull is a meme coin project designed to ride Bitcoin’s momentum and channel that energy into the meme coin economy. It’s a unique project for several reasons.

First, it doesn’t claim to have a standalone identity—instead, it fully leans on Bitcoin to derive its value. Second, its tokenomics are crafted to mirror Bitcoin’s growth and structure.

For example, it has a total supply of 21 billion tokens, making it a meme-infused counterpart to Bitcoin’s 21 million cap. It also introduces milestone-based features that are triggered as Bitcoin’s price increases.

The first major feature is a token burn, which reduces the circulating supply of $BTCBULL, potentially creating demand pressure and driving up the price. The second is a Bitcoin airdrop that rewards users with free Bitcoin upon achieving set milestones.

Judgment day for fiat. The verdict is in: Bitcoin wins. ⚖️? pic.twitter.com/KszGhP8oVr

— BTCBULL_TOKEN (@BTCBULL_TOKEN) March 27, 2025

Additionally, the memetic side of the project is worth noting. The content shared on social media is a mix of original and bullish, which could help foster a vibrant and engaging community around the token.

Solana

Bitcoin’s surge has allowed Solana to break past its previous $120 resistance level. According to CoinMarketCap, Solana recently peaked above the $130 mark before settling around $129.

It has gained over 5% in the last 24 hours, with its current market capitalization hovering around $66.8 billion. Meanwhile, its trading volume has surged by 4%.

Crypto analysts like Gumshoe and Nebraskangooner have identified $120 as a critical pivot point for Solana’s price action.

On April 12, Gumshoe tweeted that there’s a strong reason to be bullish on Solana, suggesting that breaking past the $120 threshold could result in a continued upward trend.

Pretty damn bullish $SOL chart right now

I am holding none atm but might have to buy some this weekend

This would be a deviation with a reclaim if it holds above $120 pic.twitter.com/3PY3TkIPW

— gum (@0xGumshoe) April 11, 2025

However, Bitcoin’s rise isn’t the only catalyst behind Solana’s momentum