BTC’s value soared past 102,000 USD as the U.S. Dollar Index dropped by 0.6% to 108.29, reflecting its weakest position lately. This surge correlates with reports that Trump’s administration is contemplating a focused tariff plan, potentially affecting key imports, which impacted the dollar’s strength and indirectly influenced Bitcoin’s rise.
Experts suggest higher tariffs may temporarily impact Bitcoin pricing negatively, due to its correlation with the U.S. Dollar’s valuation. However, long-term predictions indicate that such tariffs could encourage investors to lean towards Bitcoin and gold as stable value alternatives, especially amidst anticipated shifts in international trade dynamics.
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