Bitcoin Surges Amidst Doubts as Tariff Threats Loom

Bitcoin price has reached new heights, surging past $111,000, driven by increasing institutional interest and a strengthening market outlook. Experts believe this upward trend might continue, with forecasts predicting Bitcoin could reach $125,000 in the second quarter’s conclusion. Factors fueling this optimism include growing institutional investments in Bitcoin ETFs and the dollar’s weakening position, which positions Bitcoin as a safe haven asset. However, tariffs imposed by former President Trump on goods from the European Union pose a potential obstacle to Bitcoin’s momentum, causing its value to dip below $100,000. 2