#TrumpTariffs
After a rally of +11% in May 2025 and reaching an ATH record of $111,971, Bitcoin is now entering a consolidation phase in the range of $104,000–$109,000. The spotlight is now on the NFP report on June 6, which is predicted to weaken due to Trump's tariffs. From a regulatory perspective, the Bitcoin Act 2025 proposes the purchase of 1 million BTC by the US government as a strategic reserve.
On Wednesday (6/4) at 08:00 WIB, Bitcoin (BTC) fell 0.82% to $105,475 (IDR 1,724,269,438). Ethereum (ETH) decreased 0.65% to $2,600 (IDR 42,440,034). Meanwhile, the total market capitalization of cryptocurrency assets is at $3.27 trillion, down 0.58% in the last 24 hours.
Wall Street closed in the green zone: Dow Jones +0.51%, S&P 500 +0.58%, and Nasdaq +0.81%. Investors welcomed the positive progress in US-China tariff negotiations and the surge in US job openings to 7.39 million in April (vs 7.2 million in March). The US dollar rose 0.47% to 99.170. Meanwhile, Trump will double the tariffs on steel & aluminum, and the OECD has lowered its US economic growth forecast for 2025 to 1.6%.
