Recovery of Bitcoin from declines, reaching $106,000 mark again. - Cryptocurrency Bitcoin soars to $106,000, rebounding following price slump
In a relief for crypto enthusiasts, Bitcoin rebounded on Friday after a tense few days of losses. The oldest and most popular digital currency was trading at roughly $106,000 in the morning, near its level from the previous day. Throughout the week, the cryptocurrency took a nosedive from a starting point of almost $111,000.
The price fluctuations were largely driven by the economic policies and market signals, particularly those associated with the White House. Initially, a delayed announcement on duties for EU goods offered some support at the onset of the week. Yet, doubts about a market-friendly resolution to the global trade war instigated by the U.S. President resurfaced later in the week, impacting Bitcoin's value.
Despite this, Bitcoin has ultimately prospered since the unconventional U.S. President took office. Considered an advocate for cryptocurrencies, Trump has even engaged in deals involving digital assets. For instance, the Trump Media & Technology Group (TMTG) has recently become a Bitcoin investor.
Since Trump assumed the presidency in November 2020, Bitcoin's price has skyrocketed from below $70,000 to a peak of $112,000 last week. The price swings, typical of cryptocurrencies, have been significant.
As of now, Bitcoin's market capitalization hovers around $2.1 trillion. It reigns supreme in the cryptocurrency market, which boasts a total worth slightly over $3.3 trillion.
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Drawing from additional insights:
- The highly volatile cryptocurrency market, including Bitcoin, is susceptible to external shocks and geopolitical developments. For example, a sudden threat by Trump to impose a 50% EU tariff briefly caused Bitcoin's price to soar to $112,000 before plummeting by 3% within an hour.
- Trump's administration's broader approach to regulation and economic policies has indirectly influenced the digital asset sector. In 2025, Trump even signed an executive order to fortify American leadership in digital financial technology, including assessing the feasibility of creating a national digital asset stockpile.
- Recent steps taken by the U.S. government, such as establishing the Strategic Bitcoin Reserve and integrating Bitcoin and other cryptocurrencies into it, suggest a significant shift in the administration's perspective on digital assets. This initiative aims to elevate the digital asset sector and solidify the U.S.'s position as the "Crypto Capital of the World." However, these developments also introduce complexities and uncertainties associated with potential regulations.
In essence, while Trump's direct trade policies haven't targeted Bitcoin specifically, his comments and broader economic policies have contributed to the cryptocurrency's turbulent price action. Recent moves under his second term reflect a more proactive stance towards digital assets, which could impact Bitcoin's future trajectory.
The Commission has also adopted a proposal for a directive on the protection of natural persons with regard to the processing of personal data by the Community institutions, focusing on data privacy concerns that may arise from digital asset transactions, including Bitcoin, in the global economy.
Moreover, the U.S. President, Donald Trump, has indulged in investing in digital assets through his organization, the Trump Media & Technology Group (TMTG), which could potentially stimulate advancements in financial technology and crowdfunding opportunities for innovative tech-centric projects within the crypto space.
