$BTC

Bitcoin (BTC) is currently trading at $97,616, reflecting a 2.04% decrease from the previous close. The day's trading range has seen a high of $100,797 and a low of $96,026.

Recent market movements have been influenced by geopolitical factors, notably the U.S. imposing new tariffs on imports from Canada, Mexico, and China. This development led to a significant liquidation in the crypto market, with approximately $2 billion in assets affected. Bitcoin experienced a 7.5% decline, while other cryptocurrencies like Ether, XRP, and Dogecoin saw even steeper drops. Analysts suggest that Bitcoin could face a 20–30% correction before potentially reaching the $100,000 mark. Historical trends indicate that such corrections are typical in Bitcoin's market cycles. Despite short-term volatility, the long-term outlook remains optimistic, supported by factors like ETF inflows and growing institutional adoption.