Market action today is highlighted by Bitcoin ($BTC) hitting new all-time highs, breaking above $118k! 🪙📈 This strong upward move is fueling significant short liquidations ($1.1B+ in 24h) 💥 and is backed by massive institutional interest like BlackRock's ($IBIT) $80B AUM milestone 🏦 and corporations adding BTC to treasuries. Crypto sentiment is clearly "Greed" (Index 71), with BTC dominance high (~61-62%) indicating a Bitcoin-led rally over altcoins (Alt Season Index 29). 🟡 Political tailwinds from the Trump administration supporting crypto and stablecoins are also notable. 🇺🇸📜 In traditional markets, recent highs (NVDA $4T cap, S&P ATH yesterday) are now facing headwinds. Stock futures are dropping today 📉 following President Trump's widespread tariff announcements on Canada, the EU, Brazil, and others. 🌍 This trade uncertainty is a major market driver, potentially overshadowing dovish Fed signals (Daly, Waller) and mixed economic data like falling private payroll and concerns over debt management costs. 💸 AI continues its dual impact, boosting tech stocks but also raising job concerns. 🤖💼 Comparing markets, Bitcoin's rally seems more insulated from the tariff-driven uncertainty hitting traditional futures. Crypto's institutional adoption and political momentum provide strong internal drivers. The market environment is complex: risk-on for BTC specifically, but increasing caution for traditional assets due to trade risks. 🤔 Key Metrics Now: BTC Price confirms strong momentum. Trump's Tariffs are the dominant factor disrupting traditional market sentiment. Sector Focus: Metals impacted by tariffs. Energy influenced by demand (AI) and price fluctuations. Actionable Insights: The BTC trend is powerful, favoring long positions but be mindful of volatility. Altcoins may lag BTC initially. Monitor tariff news closely as it's a major risk factor for global markets and specific sectors. The mixed economic outlook suggests caution in broader equity investments. Key Takeaways: Bitcoin surges to new All-Time Highs ($118k+), liquidating shorts. 🚀🪙 Strong institutional inflows continue for BTC (IBIT $80B AUM). 🏦 Trump's new tariffs are causing traditional market futures to drop. 🌍📉 Crypto sentiment is high "Greed" (BTC leading), traditional sentiment cautious on trade risks. 🤔 US political support for crypto is growing. 🇺🇸🤝