The Bitcoin price has, in turn, sent positive signals. On Tuesday, the most popular cryptocurrency reached a value of 98,000 US dollars on the Bitstamp trading platform, after being around 97,500 dollars at the start of the trading day. This development is remarkable because it shows that the digital currency continues to be valued by investors despite global uncertainties.
A look at the market reactions
The relatively moderate reaction of the Bitcoin market to the new tariff decisions of US President Donald Trump is of interest. Trump has introduced tariffs of 25 percent on steel and aluminum imports, which can be worrying for many markets. EU Commission President Ursula von der Leyen has already philippines phone number list announced that she will respond with countermeasures. Christoph Rieger, an economist at Commerzbank, noted that the markets seem to be less sensitive to the headlines surrounding Trump, which may be due to a certain degree of habituation.
The Rise and Fall of the Bitcoin Price
A look at the past week shows that Bitcoin recently briefly rose above the $100,000 mark after positive labor market figures from the USA were published. However, the price fluctuated quickly and has since stabilized below the psychologically important value. In January, at the inauguration of the new US president, Bitcoin even reached a record high of over $109,000. Since then, many investors have been eagerly awaiting the implementation of Trump's election promises, which include loose regulation of the cryptocurrency and the possible establishment of a state Bitcoin reserve.