In response to reports of potential tariff reductions by former U.S. President Donald Trump, Bitcoin saw a 3% price surge.
Bitcoin Climbs on Trump's Tariff News
Reports indicated that Trump might impose fewer tariffs than initially planned. Bitcoin responded promptly, rising by 3% within 24 hours, highlighting its connection to geopolitical news.
Market Cap Reaches $1.75 Trillion
According to CoinMarketCap, Bitcoin's price reached $88,041 with a market cap of $1.75 trillion. Trading volume soared by 156.95% in 24 hours, reflecting market activity.
Past Trends: Global Policies Influencing Bitcoin
Bitcoin's price increases often correlate with global financial changes. Similar patterns were noted in 2019 during the U.S.-China tariff negotiations. Kanalcoin analysts note Bitcoin's sensitivity to economic policies remains critical.
Future developments in economic policies may significantly impact the cryptocurrency market. Analysts suggest observing potential financial and regulatory changes.
