The Bitcoin market experienced significant volatility today, reflecting recent economic and political events. BTC is currently trading at $97,252, down 3.47% from its previous close. The intraday price reached a high of $100,797 and a low of $96,026.

A major influence was former President Donald Trump’s announcement of new tariffs on imports from Canada, Mexico, and China, resulting in a liquidation of approximately $2 billion in the crypto market. Bitcoin saw a 7.5% drop, while other cryptocurrencies such as Ether suffered even greater losses.

In parallel, BlackRock is preparing to launch a Bitcoin exchange-traded product in Europe, possibly based in Switzerland, in the coming weeks. This move is aimed at meeting the growing demand for cryptocurrency exposure from fund managers and consumers.

Furthermore, discussions on the creation of strategic Bitcoin reserves are ongoing. In the United States, there is a push to establish a national stockpile of the cryptocurrency, while in Europe, the European Central Bank, under the leadership of Christine Lagarde, ruled out including Bitcoin in central bank reserves during her tenure.

These developments highlight the dynamic and multifaceted nature of the Bitcoin market, influenced by economic policies, institutional initiatives, and debates about its role in global finance.