Bitcoin (BTC) saw a slight dip after President Trump's tariff announcement, dropping by 0.61% to around $82,999. Despite this volatility, Bitcoin is holding above its year-to-date low of $75,000, showing "higher lows" compared to major stock indices like the Nasdaq and S&P 500. Analysts suggest the tariff news, although unsettling in the short term, could provide clarity and attract institutional investors, potentially pushing Bitcoin towards $90,000. Key factors like a weakening U.S. Dollar and potential Fed rate cuts could further boost Bitcoin's appeal. However, some analysts, like those from JPMorgan, argue that gold remains the preferred asset over Bitcoin, citing its volatility and correlation with equities.
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