Bitcoin's price soared above $102,000 as the U.S. dollar declined, following news that President-elect Donald Trump might reconsider his tariff strategy. Initially proposing broad tariffs, Trump’s team is now reportedly exploring a more selective approach focused on critical imports, according to the Washington Post. This shift could impact the dollar and, consequently, Bitcoin's valuation. As dollar strength typically correlates inversely with Bitcoin, the latest tariff discussions add complexity to Bitcoin's market dynamics. After briefly dipping below $100,000, Bitcoin's price rebounded as traders reacted to the changing financial landscape. Reduced import taxes could stabilize the dollar, while the Federal Reserve's cautious approach towards interest rate cuts has made Bitcoin and other risk assets more appealing. This broader economic context suggests that tariffs are part of a trend that might ultimately drive investors towards alternative assets like Bitcoin, despite short-term fluctuations in price correlated to dollar strength.

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