After weeks of volatility, Bitcoin (BTC) has surged past its January peak and crossed the $107,000 mark this week. The cryptocurrency experienced a period of consolidation before breaking through resistance on Wednesday, pushing it to an all-time high of over $112,000. While prices have cooled down slightly in recent hours, the surge remains significant, with gains exceeding 5% for the week. However, this upward trajectory has been tempered by renewed concerns about US tariffs. President Trump announced a 50% tax on EU countries, claiming these nations were not reliable partners, leading to a $3,500 drop in Bitcoin prices. Despite the market dip, BTC remains close to $109,000, showcasing a healthy weekly growth compared to other cryptocurrencies. The past week has seen impressive gains across the cryptocurrency landscape, with HYPE (a decentralized memecoin) skyrocketing to new highs.