Bitcoin skyrockets to an all-time high of $102,599, riding a wave of renewed investor optimism after US President Donald Trump's decision to delay tariffs on Canada and Mexico.

This bold policy move has sparked a flurry of buying activity among American investors, propelling the Coinbase Premium Index to its highest point this year.

US-based investors have significantly increased their holdings of the digital currency in response to the news, driving the Coinbase Premium Index up by a staggering 700%. This surge highlights the strong demand from US investors on Coinbase compared to other platforms like Binance.

The positive trend in the Coinbase Premium Index is seen as a bullish indicator for Bitcoin's price, signaling a substantial uptick in demand from both institutional and retail traders. Analysts also note that Bitcoin's resilience is further supported by a decreasing trend in price corrections, suggesting growing market confidence.

While BTC is currently trading slightly below the crucial resistance level at $102,538, the Moving Average Convergence Divergence (MACD) indicator hints at lingering bearish pressure. If this downward momentum continues, the price may dip to $95,513. On the flip side, a breakout above $102,538 could pave the way for a renewed push towards the all-time high of $108,388.