Bitcoin experienced significant volatility, dropping to $107,300 after President Trump announced a 50% tariff on EU imports, effective June 1, 2025. This geopolitical tension influenced trading, contrasting with Bitcoin’s previous surge beyond $111,000.
Despite recent declines, institutional interest remains strong, supporting Bitcoin’s market position. Bitcoin has become increasingly correlated with gold, reflecting its perceived status as a safe-haven asset amid concerns over the fiscal health of the US and Japan.
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