BTC US$85K. Trump softens tariffs, boosts sentiment.
While crypto markets remain approximately A$1.6 trillion (US$1T) down from December’s peak, things are certainly looking more positive than last week — Donald Trump's erratic trade war remains the prime mover. Markets saw big gains after he suspended tariffs above 10% on everyone but China for 90 days and later exempted big tech products from China, too (though how long for remains up in the air). Trump was left with no choice after investors began dumping US bonds — one of the clearest warning signs of an approaching full-blown financial crisis. The Wall Street Journal says there are now worrying signs investors are starting to lose faith in American economic management. Many analysts anticipate a range-bound pattern for Bitcoin until the tariff picture becomes clearer. "BTC continues to consolidate within the US$80K-$90K (A$126K to $142K) range and could continue trading sideways, adopting a ‘wait and see’ approach to the tariff situation,' said QCP Capital on Telegram. Bitcoin has held up incredibly well throughout the crisis and finishes the week up 6% to trade around A$133,784 (US$84,891), while Ethereum is up 3% to trade around A$2,565 (US$1,612). XRP gained 14%, Solana surged 20%, Dogecoin was up 8%, and Cardano gained 9%. The Crypto Fear and Greed Index is at 31, or Fear.
