Bitcoin Surges Past $111K Amid U.S.-EU Tariff Developments
TL;DR Summary
Bitcoin's price is highly sensitive to geopolitical tensions, especially U.S. tariff threats, with recent movements mirroring gold as a safe-haven asset. Market reactions have been volatile, with sharp declines during threats and rebounds when tensions ease, highlighting Bitcoin's entanglement with global economic sentiment. The increasing correlation with gold suggests Bitcoin may be evolving into a safe-haven asset amid macroeconomic uncertainty.
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