Bitcoin has climbed above $85,000 as markets show surprising strength ahead of President Donald Trump’s upcoming tariff announcement. The cryptocurrency gained more than 3% in the past 24 hours, reaching $85,530 on April 1, 2025, while other major cryptocurrencies posted even larger gains.
The market rally comes just before the Trump administration’s so-called “Liberation Day” tariff rollout, scheduled for Wednesday after U.S. markets close. According to recent reports, the White House may be considering a more moderate approach than initially feared.
Why BTC Is Rising Despite Market Uncertainty
An NBC News report suggests that the market’s most feared scenario—a blanket 20% tariff across all imports—is “less likely” to be implemented. Instead, the administration may introduce a “tiered system” with different rates for different countries.
This news has provided relief to risk assets, including cryptocurrencies, which had been experiencing volatility amid tariff concerns.
White House Press Secretary Karoline Leavitt acknowledged “legitimate concerns about market swings” during her daily briefing, marking what appears to be the administration’s first recognition of market turmoil resulting from tariff discussions.
Major Institutions Continue Bitcoin Accumulation
While markets react to immediate policy concerns, institutional adoption of Bitcoin continues at a steady pace:
- Tether purchased 8,888 BTC (approximately $735 million) in Q1 2025, bringing its total holdings to 92,646 BTC worth about $7.8 billion. The company is now the sixth-largest holder of Bitcoin in a single wallet.
- Japanese investment firm Metaplanet acquired another 696 BTC for $67.9 million, increasing its total holdings to 4,046 BTC ($340 million). The purchases were executed through previously sold cash-secured put options.
- Crypto stocks also showed strength, with Bitcoin miners Core Scientific (CORZ) and CleanSpark (CLSK) jumping almost 10%, while Strategy (MSTR) rose 5.4%.
Metaplanet CEO Simon Gerovich reported that the company achieved a “BTC Yield” of 95.6% year-to-date, representing the percentage change in the ratio between total Bitcoin holdings and fully diluted shares outstanding.
Metaplanet has acquired 696 BTC, increasing total holdings to 4,046 BTC. Our Bitcoin Income Generation business delivered ¥770 million in Q1 revenue. BTC Yield YTD reached 95.6%. pic.twitter.com/Kp92NntKti
— Simon Gerovich (@gerovich) April 1, 2025
The firm aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
Despite these positive developments, it’s worth noting that Bitcoin declined nearly 12% in Q1 2025—its worst first-quarter performance since 2018—highlighting the ongoing volatility in cryptocurrency markets.
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