Bitcoin surged to $86,000 on April 17, 2025, gaining 7.6% in 24 hours, propelled by Trump’s 90-day tariff pause, per LiveMint data from April 16. The rally, mirroring a broader market relief, saw Ethereum rise to $1,750, with analysts forecasting a potential $90,000 target if momentum persists. However, a drop below $84,000 could test $82,000, with traders on X expressing cautious optimism amid lingering tariff uncertainties.
The uptick reflects renewed investor confidence, but some analysts warn of overextension, noting Bitcoin’s correlation with equity markets could amplify risks if tariffs resume. Social sentiment suggests a split—bulls cite institutional inflows like BlackRock’s ETF gains, while bears highlight the Mantra crash’s lingering effect. This volatility underscores the need for careful trading strategies in a policy-driven market.