Bitcoin has regained its position above $80,000, mirroring a rally in US stock markets that managed to avoid a severe downturn. After earlier experiencing tariff-induced losses, BTC/USD found support around $80,000, following five-month lows. Concurrently, US stocks, which had initially faced steep declines of over 4%, rebounded ahead of the Wall Street opening. The faltering tariffs have reverberated through global markets, with substantial losses seen in Asia. Investors are cautiously optimistic as negotiations with over 50 US trading partners unfold, and futures markets showed signs of stabilization. Analysts note that aside from the bounce back, Bitcoin’s support level is solidifying around the mid-$70,000s, with significant supply clusters reported just below $80,000, particularly at $74,000 and $71,600. This suggests potential resilience for BTC as market confidence hangs in the balance, especially as the upcoming Federal Reserve meeting in June looms. Observations indicate that Bitcoin's long-term support remains around $69,000, where vast amounts are held by dormant investors, implying stability if the market faces further turbulence.

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