This morning, on March 12, Bitcoin made a major comeback, exceeding $83,000 and ignited the cryptocurrency world with up to 9% yields. After a rough spot, this comeback caused a buzz to everyone: Is this just a quick boost or something more exciting? As stocks cheer up, a good resonance from Ukrainian trading to tariff negotiations, has this Joy Reed influence caused?
Green logo from cryptocurrency market
In the early hours of March 12, 2025, the cryptocurrency market witnessed a strong recovery in Bitcoin (BTC) BTCthe highest digital asset soared $83,000, earning more than $6,000 from its March 11 low.
Green dominates the market, from Aida,,,,, Dogeand XRP. Binance’s top profiters also include several low-size coins, such as banana,,,,, auctionand Vick.
Source: Xiaodian
In fact, Bitcoin hasn’t surpassed its January peak of nearly $109,000. Currently, this peak has dropped by about 24%. Most of the top 20 cryptocurrencies are also increasing, although only through unit numbers. But overall, the cryptocurrency market has risen by more than 2% over the past day.
On the other hand, U.S. stock indexes, including Dow Jones, Nasdaq and S&P 500, are showing signs of bottoming out. Over the past day, several technology stocks (such as TSLA (Tesla), Coin (Coinbase) and MSTR (MicroStrategy) have seen strong growth of 4% to 9%.
Political Situation – Ukrainian War and Trade Tensions
The question is: What drives today’s rebound? Mark Connors, chief investment strategist at the risk dimension of New York-based Bitcoin investment consulting firm, said it was difficult to determine the exact reason behind Tuesday’s market rebound. He believes unprecedented conditions in the market will keep Bitcoin’s uncertainty about tariffs and financial decisions against Trump.
In fact, news about the Russian-Ukrainian war brought positive signals to the market. During negotiations in Saudi Arabia on March 11, the United States and Ukraine reached a cooperation agreement on mineral extraction, and the United States also promised to continue to provide assistance to Ukraine. These developments show that the three-year war has surpassed its most intense stage. However, the United States remains cautious and noted: “The final decision is in Russia’s hands.”
Another key update is that the U.S. will not raise tax rates on Canada’s aluminum and steel. The decision comes after Ontario agreed to postpone the 25% tariff on certain U.S. states. Apparently, the Trump administration is using “tariff pressure” to push major trading partners to concessions. Even Fed Chairman Jerome Powell admitted that the path to reducing U.S. inflation remains “bumpy,” especially when market sentiment is affected by Trump’s tariff proposals. In addition, the latest Truflation data show that inflation in the U.S. has dropped sharply despite fears of tariffs, which has sparked speculation that the Fed may lower interest rates in the second half of the year.
Investors view stocks and cryptocurrency markets as “risk-compliant” assets, making them highly sensitive to President Trump’s unpredictable tariff announcements. The current advice for investors is to be cautious and closely monitor market changes. Focus on long-term goals instead of reacting to every small fluctuation.
