Bitcoin has made a significant recovery this week, touching a high of $86,000 before falling slightly below $85,000. The rise comes after a drop to around $75,000 on April 8, signaling a revival of confidence in the crypto market.
According to analytics firm Santiment, the surge was driven by a combination of factors: a strengthening blockchain fundamental and a temporary easing of global tariff concerns. However, market analysts insist that retail investors are more focused on price momentum than macro factors that triggered the move.
Michael Saylor, returned to the spotlight when his firm, Strategy (MSTR), added $285 million to its Bitcoin holdings. The move is seen as a sign of long-term confidence in the value of BTC.
Meanwhile, the technology sector also provided support to market sentiment. Shares of companies such as Apple jumped 2.37% on Monday after the White House announced a temporary exemption from tariffs on some electronics products.
Meanwhile, President Donald Trump reiterated that the tariff exemptions are only temporary. He stressed that national security tariffs, particularly on semiconductors and the electronics supply chain, are still expected to be implemented within two months.
US Commerce Secretary Howard Lutnick echoed this statement, warning that policy uncertainty could still weigh on market momentum in the near term.
Several on-chain indicators are showing strong support for Bitcoin’s price action. Among them, metrics are currently trending up, indicating that investors are taking profits in a controlled manner, without panic selling.
In addition, the total supply of Bitcoin on exchanges continues to shrink, indicating that more investors are choosing to keep their assets in personal wallets, another sign that short-term selling pressure is easing.
Wallets holding 10 or more BTC now collectively hold 16.36 million BTC — an all-time high. This reflects active buying activity from big players, including financial institutions.
On the other hand, a CBS News poll on April 13 showed that 59% of Americans believe the country’s economy is in decline, and confidence in Trump’s economic policies has declined. While crypto investors appear to be a little more optimistic, the digital asset market is still moving in line with the performance of traditional markets.
The firm Santiment concluded that any signs of ‘decoupling’ between Bitcoin and the traditional economy are likely to be temporary.
Bitcoin’s recovery has given investors a breath of fresh air after a challenging few weeks, but the risks of tariff policy uncertainty and weak consumer sentiment remain key challenges. Global policy developments remain in focus.
