Yeah everything is hitting new all time highs this week. Nvidia hit $4T market cap which is crazy. SP500 and Nasdaq also hit a new ATH today and obviously bitcoin. Ethereum unfortunately is far far away but almost at $3000 which is amazing since it dipped below $2000 earlier this year.
Trump says it’s his tariffs but financial advisors are cautious because they know these tariffs are inflationary and are not good long term. Only time will tell.
The overall financial market is bullish in relations to the USD although not necessarily pumping towards the other top currencies but this was definitely clear from few months ago when bitcoin was able to resist so many economical crisis, there was a period where tariffs were coming as a panic to the market then after the relaxation of the tariffs comes the recent wars war which was actually pointing towards a global WW3 breaking out and the bitcoin market had to dip a little and then went back to its trend.
All this were signings that buyers and those longs were still in hold of the market. The market was only ranging between $105,000 and $108,000 which was signaling for upward movement, so this pump didn’t comes as a surprise to me and I don’t believe yet again that it has anything to do with mere tariffs crisis again