Bitcoin recovers 100,000 dollars amid the moderation of Trump's tariff fury
The possible agreement with China on tariffs, the increase in global liquidity, and its growing adoption by companies push its price upward
Bitcoin has regained its bullish tone. This Thursday, the pioneering cryptocurrency has once again surpassed the psychological barrier of 100,000 dollars, a level it first reached in its history last December and hit for the last time in early February. This fluctuation in its price has a specific name behind it: Donald Trump. Investors, in fact, are beginning to sense a moderation of the president's tariff fury. On Saturday, delegations from the U.S. and China will meet in Geneva (Switzerland) to discuss rates and, presumably, ease tensions. Additionally, Trump announced on his social media a "great trade agreement" with the United Kingdom to mitigate the impact of the tariffs. The president has promised that this deal will be "the first of many."
The tariff policy of the Republican president has weighed on traditional markets and cryptocurrencies. The trade war that began in April unleashed panic among investors, who massively exited risk assets and sought refuge in others like gold, which reached historical highs. Uncertainty hit the crypto market, with altcoins suffering significant declines, and bitcoin losing ground; still, it behaved as expected. Although it fell below 75,000 dollars (32% below its highs), its decline was gradual, and on the days of maximum tension, it was less volatile than the tech stocks with which it is traditionally correlated.
In the past, in fact, it had a multiplier effect of two or three times compared to U.S. indices: in 2020 or 2021, when the stock market fell by 10%, bitcoin tended to do much worse, dropping between 25% and 30%.
