Bitcoin recently traded below 105,000 USD, having peaked near 112,000 USD. Following the Bitcoin event with 35,000 attendees, the trading volume surged by 22.27% to 42.53 billion USD.
The S&P 500 and Dow Jones indices are down, reflecting broader market trends, with Bitcoin dropping by 0.80% in 24 hours. President Trump’s tariff announcement could be affecting market sentiment.
Despite current price struggles, forecasts from Standard Chartered indicate Bitcoin could escalate to 120,000 USD by summer’s end, signifying possible bullish trends ahead.
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