Trump Tarrif
President Trump's recent tariffs have introduced volatility into the cryptocurrency market. $BTC experienced a 2.5% drop to $108,745 following announcements of potential tariffs on the European Union and Apple, reversing a prior rally driven by regulatory optimism and institutional interest. While some analysts believe these tariffs could weaken the U.S. dollar's dominance, potentially benefiting $BTC in the long term, the immediate impact has been increased market uncertainty. Additionally, U.S. $BTC miners face higher costs due to tariffs on imported mining equipment, potentially reducing the country's mining competitiveness. Despite these challenges, Bitcoin's price remains robust, reflecting its growing role as a hedge against economic instability.
