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Bloomberg Quint

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Image Credit: Bloomberg Quint

Bitcoin Breaks Above $112,000 For First Time As Traders Defy Trump Tariff Angst

  • Bitcoin surged past $112,000 for the first time, setting a fresh record alongside a broad rally in risk assets.
  • The rally is fueled by institutional demand, validating crypto bulls' beliefs in a new era of permissive regulation.
  • The speculative momentum in markets persists despite tariff announcements by President Donald Trump.
  • Bitcoin's rise is benefiting from strong ETF inflows, rising institutional adoption, and a favorable macro backdrop.

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