The price of Bitcoin has shown volatility over the last two days, influenced by macroeconomic factors and market movements.
📊 Bitcoin Performance: May 23 and 24, 2025
May 23: Bitcoin reached an intraday high of approximately $111,798.90, but retreated to close around $107,287.80, representing a decline of about 3.93% on the day.
May 24: The price of Bitcoin fluctuated between $107,160 and $109,401, closing around $108,742.00, indicating a slight recovery of approximately 1.35% compared to the previous day.
📰 Factors That Influenced the Market
The recent volatility of Bitcoin was impacted by statements from former U.S. President Donald Trump regarding the imposition of tariffs of 50% on imports from the European Union and 25% on imported iPhones. These threats increased risk aversion in the financial markets, leading to a liquidation of approximately $500 million in long positions in the cryptocurrency market.
Despite these fluctuations, Bitcoin remains above the $100,000 mark, demonstrating resilience amid macroeconomic uncertainties.
If you wish, I can provide charts or additional analyses on Bitcoin's recent performance.
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