$BTC The trade tensions between the U.S. and China continue to impact the markets, including cryptocurrencies. This week, following new tariffs proposed by the U.S. on Chinese tech products, the dollar strengthened, briefly affecting the price of Bitcoin.

Some analysts view BTC as a safe haven amid geopolitical tensions, leading to a subsequent recovery.

There has also been speculation that China could strengthen its development of a sovereign digital currency to reduce dependence on the dollar.