Bitcoin Rises After Trump’s Tariff Shock

Bitcoin saw a significant surge following former President Donald Trump’s surprising tariff announcement. Trump revealed plans to increase tariffs on China to 125% while pausing tariff enforcement for 90 days on over 75 non-retaliating countries. This move resulted in a 6% jump in Bitcoin’s price, with the leading cryptocurrency trading around $82,200 at press time. This follows a period of market volatility amid geopolitical uncertainty and escalating trade tensions between the U.S. and China.