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Bitcoin price today: drops to $107,000 as Trump tariff blockade generates limited optimism

Author

Ambar Warrick

Published 29.05.2025, 03:04

Bitcoin price today: drops to $107,000 as Trump tariff blockade generates limited optimism

© Reuters.

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Investing.com - Bitcoin fell on Thursday, pressured by sustained profit-taking after recent record highs, with optimism about a court ruling against President Donald Trump's trade tariffs doing little to lift cryptocurrency prices.

GameStop Corp (NYSE:GME) buying over $500 million in Bitcoin also did little to boost prices, with the world's largest cryptocurrency trading lower for three consecutive sessions after briefly hitting record highs above $110,000 earlier this week.

Bitcoin fell 1.2% to $107,721.6 at 02:43 (Brasilia time).