๐ $BTC Reacts to Trump Tariffs: Volatility Returns ๐บ๐ธ๐
Bitcoin surged to an all-time high of $112K earlier this week, fueled by institutional inflows and optimism around the bipartisan GENIUS Actโa bill aiming to bring clarity to the stablecoin space. โ๏ธ๐
But the rally cooled off.
BTC has since pulled back to ~$108K, following Trumpโs proposal to slap 50% tariffs on EU imports and a 25% levy on iPhones. ๐๐ฆ๐ฑ The market is reacting to potential macroeconomic headwinds.
๐ฌ Analysts say tariffs could spark USD weakness and push the Fed toward easingโconditions historically bullish for crypto. Could short-term pain mean long-term gain for Bitcoin? ๐๐ต
๐ Investors are watching closely as geopolitics and policy reshape the crypto landscape.