BTC traders remain cautious while hoping that the turnaround in US stocks will boost crypto investors’ optimism.
US equities and crypto markets shifted dramatically on April 9 after US President Donald Trump announced a 90-day pause on his reciprocal tariffs, except for China. Bitcoin (BTC) price responded by surging by 5% in less than an hour, reclaiming the $83,000 level which was last seen on April 6.
While the S&P 500 gained 8%, Bitcoin derivative metrics have yet to turn bullish as traders remain cautious about changes in US long-term government bonds.
Bitcoin 2-month futures annualized premium. Source: Laevitas.ch
