Mary🎩🎭
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Bitcoin and other major cryptocurrencies saw a positive shift on Friday, April 5, despite a broader market downturn. Bitcoin rose over 2% to $83,959.19, with intraday highs reaching $84,717.51, bucking the trend of falling stocks and gold prices. Other cryptocurrencies like Solana and Dogecoin also gained about 6% each. However, crypto-related stocks like Coinbase dropped 6%, while MicroStrategy, a significant Bitcoin holder, advanced nearly 4%. This resilience came amid market jitters following China’s announcement of a 34% tariff on U.S. products, matching Trump's earlier tariff reveal on Chinese goods. 0 reply
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Bitcoin has experienced notable volatility recently, largely influenced by U.S. President Donald Trump’s latest tariff announcements. On April 2, Bitcoin dropped from near $88,000 to just above $83,000 following the tariff reveal, which rattled markets and sparked a sell-off in riskier assets like cryptocurrencies. By April 3, the price had slid further to around $81,914, a 5% decrease, though it later climbed back to $87,300, according to some reports. This turbulence reflects broader market reactions to Trump’s trade policies, which some analysts suggest could lead to inflationary pressures and impact Federal Reserve decisions. 3 replies
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