Market Wrap

Bitcoin Tops $93K as Trump's U.S-China Tariff Optimism Fuels Crypto Rally

Altcoins led by ETH, DOGE, SUI followed BTC higher as Treasury Secretary Bessent's comments on U.S.-China trade boosted risk appetite.

The top cryptocurrency has never held so well with volatility being so high, according to macroeconomic expert Lawrence McDonald.

A sharp plunge in the Philadelphia Fed manufacturing index coupled with rising prices added to U.S. stagflation fears amid the tariff war.

U.S. stocks, including Strategy (MSTR) and MARA Holdings, rose on possible progress on trade talks with the EU.

Gold soared to a new record high as the selloff in the U.S. dollar and long-term Treasuries continued in force on Friday.

President Trump said he authorized a 90-day pause on tariffs on countries that haven't retaliated against the U.S.

The White House denied a report that it was mulling a 90-day delay on imposition of tariffs.

Ethereum's ETH hit its weakest price against bitcoin in almost five years as macroeconomic concerns added pressure to risk assets.

At least one analyst questioned why GameStop's plan to buy bitcoin was necessarily a good thing.

Gold continues to be the star of the cycle, jumping to a new record above $3,050 per ounce.

By Tom CarrerasMar 19, 2025

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