$BTC With a rate of 10.8%, it is likely due to a temporary 90-day suspension of tariffs imposed by the U.S. government, excluding key trading partners such as Canada, Mexico, and China. However, investors remained cautious due to the ongoing macroeconomic uncertainty and global trade tensions.
Bitcoin exhibited remarkable independence from traditional markets. After a brief correction to $75,000, it recovered significantly, surpassing $90,000 by the end of the month, reaffirming its strength and value as a hedge against uncertainty. Bitcoin's spot exchange-traded funds also saw significant inflows, highlighting the growing interest from investors.
In regulatory news, the United States witnessed several positive developments. The most notable was the Internal Revenue Service (IRS) canceling reporting obligations for decentralized finance (DeFi) platforms.
