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Coin Telegraph

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Image Credit: Coin Telegraph

Bitcoin price soars to $83.5K — Have pro BTC traders turned bullish?

  • Bitcoin price surged by 5% in less than an hour following a 90-day tariff pause announcement by US President Donald Trump.
  • Bitcoin futures premium rose briefly but failed to sustain momentum, indicating cautiousness among traders.
  • Traders are concerned about the decline in the 10-year US Treasury yield, reflecting reduced confidence in the government's ability to manage its debt.
  • Bitcoin options markets showed a lack of conviction from bulls, but a neutral sentiment was restored after the tariff pause announcement.

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