Bitcoin (BTC) registered a dramatic collapse on Friday after President Trump threatened to impose a 50% tariff on all goods imported from the European Union after growing frustration around ongoing trade talks.
Bitcoin (BTC) registered a sharp decline on Friday after President Donald Trump threatened an imminent 50% tariff on all EU imports and a 25% levy on all imported Apple iPhones.
Bitcoin’s (BTC) stunning rally is experiencing a pause after shattering the $110,000 level and surging to a new all-time high of $111,970 on Thursday. The rally pushed the flagship cryptocurrency into uncharted waters as it consolidated near record-high levels. BTC is marginally down during the ongoing session, trading around $111,000 after encountering resistance around $112,000.
Bitcoin (BTC) smashed its previous all-time high and crossed the $110,000 mark for the first time. The flagship cryptocurrency had teased a move higher earlier in the week when it briefly crossed $107,000. BTC is up nearly 4% in the past 24 hours as it tests the waters above $110,000.
Bitcoin (BTC) shrugged off its sluggish start to the week as it rebounded from Monday’s low of $102,135 to briefly cross $107,313 on Tuesday. The flagship cryptocurrency reached an intraday high of $108,010 during the ongoing session before dropping to its current level of $106,488.
Bitcoin (BTC) extended its losses during the ongoing session, dropping below the $105,000 level as selling pressure at higher levels kept bullish momentum at bay. The flagship cryptocurrency plunged to a low of $102,145 on Monday as it started the week in the red before rebounding to reclaim $105,000 and settle at $105,573.
Bitcoin (BTC) registered a sharp increase on Sunday, rising over 3% to cross $106,000 and settle at $106,479. However, its struggles at higher levels continued as it lost momentum after reaching this level and declined substantially during the ongoing session.
Bitcoin (BTC) price action has remained subdued over the weekend as the flagship cryptocurrency trades within a narrow price band extending from $100,000 to $105,000.
Bitcoin (BTC) registered a marginal decline over the past 24 hours after failing to cross $105,000 during the week. The flagship cryptocurrency reached an intraday high of $104,435 on Friday but lost momentum and fell to a low of $102,720 before rebounding to its current levels.
Bitcoin (BTC) is struggling to overcome the resistance at around $105,000 as traders remain cautious at higher levels. Despite buyer exhaustion setting in overall market sentiment around the flagship cryptocurrency remains bullish.
Subarna is a graduate of Mechanical Engineering. She loves cats, art, and crypto - in that order. She is a passionate writer and a voracious reader.
