$BTC Bitcoin (BTC) traded above $84,000 before stabilizing near $83,796, up over 4.5% in 24 hours. Despite recent volatility, BTC appears to remain resilient amid economic and policy uncertainties.

The tax standoff between the US and China remains a significant factor in the market. President Trump recently suspended most global tariffs for 90 days while increasing tariffs on Chinese goods to 145%, prompting Beijing to respond with a 125% tariff on imports from the US.

This back-and-forth has sparked a wave of volatility but also created space for Bitcoin to breathe as traders digest the geopolitical impact.