Bitcoin’s Wild Ride: Tariffs, Yields, and Why Your Wallet is Crying

So, the 2-year and 10-year US Treasury yields decided to take a little dip on Monday, April 14, because apparently, Bitcoin (BTC) had its best week since January. 🎉 Bitcoin gained 6.79% last week, but let’s be real—are we just setting ourselves up for disappointment? 🤔

The 10-year treasury yield dropped by 8.2 basis points to 4.40%, and the 2-year treasury slipped 8 basis points to 3.88%. Why? Because of some tariff exemptions on smartphones, computers, and semiconductors. Because, you know, US companies need time to move production back home. But don’t get too excited—President Trump made it clear these exemptions are temporary. 🙃

These tariff exemptions came at the end of a bullish week for Bitcoin. After hitting yearly lows at $74,500, BTC jumped 15% to $86,100 between April 9-13. 🚀 But let’s not pop the champagne just yet.

Easing US treasury yields could be a double-edged sword for Bitcoin. Lower yields make fixed-income assets less appealing, which could mean more money flowing into risk-on assets like BTC. But with “temporary exemptions” and the ongoing trade war with China, Bitcoin is basically a rollercoaster with no seatbelts. 🎢

As an “inflation hedge,” Bitcoin is like that friend who says they’ll always be there for you but ghosts you when you need them most. Recent uncertainty over trade policies has increased inflation fears, which is good for BTC’s store of value narrative. But US inflation data for March 2025 showed a cooling trend, with the Consumer Price Index (CPI) at 2.4%, down from 2.8% in February. So, short-term bearish vibes? Maybe. 🤷‍♀️

Bitcoin’s Next Big Hurdle: $88K to $90K

Trading resource Material Indicators noted that Bitcoin is still looking pretty bullish above its 50-weekly moving average and quarterly open at $82,500. A strong weekly close means Bitcoin might not revisit its previous lows anytime soon. But here’s the kicker:

“Bitcoin bulls now face strong technical and liquidity-based resistance between the trend line and the 200-day MA. Expecting ‘Spoofy’ to move asks at $88k and $92k before they get filled.”

Meanwhile, Alphractal founder Joao Wedson thinks Bitcoin might be nearing a bullish reversal. The Perpetual-Spot Gap on Binance—a key indicator tracking the price difference between Bitcoin’s perpetual futures and spot markets—has been narrowing since late 2024. 📉➡️📈

In a recent X post, Wedson pointed out that this shrinking gap, currently negative, signals fading bearish sentiment. Historical trends from 2020–2021 and 2024 show that a positive gap often leads to a Bitcoin rally. A flip to a positive gap could mean buyer momentum is back. But let’s not forget—negative gaps stuck around during the 2022–2023 bear market. So, proceed with caution. 🚨

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2025-04-14 19:59