Bitcoin surged 12% this week to $84,700, reaching its highest level since March 2025, as traders flocked to crypto amid competing macroeconomic forces:

Catalysts Fueling the Rally:
• Trump’s proposed 32% tariffs on Chinese imports driving demand for inflation hedges
• Fed Chair Powell’s warning of “prolonged restrictive policy” crushing bond markets
• Dollar weakness (DXY down 1.8%) as trade war fears escalate

“Bitcoin is behaving like the ultimate chaos hedge,” said Matrixport’s Markus Thielen. On-chain data reveals:
✓ $1.2B in institutional inflows via ETFs
✓ Miner reserves hitting 18-month lows (supply squeeze)
✓ Tether premiums spiking in Asia markets

The technical breakout is equally significant:

• Cleared 82K resistance with 3x average volume
• RSI at 68 (bullish but not over bought)
• $Next\; targetsat$89K (ATH) and $95K (Fibonacci extension)