Some thought the bull market surge for Bitcoin was over after the price of the biggest digital asset dipped below $93,000 on Monday. The reason? President Trump’s trade tariffs spooking markets—again.

But the increasingly commander in chief’s change of heart to pause tariffs against Mexico and soon after Canada led to a rebound in the orange coin’s price—and other digital tokens.

The asset then jumped over the magical $100,000 mark before spending most of the week hovering between $96,000 to $98,000. Bitcoin’s price now stands at $96,050, CoinGecko shows. That’s a dip of nearly 6% over the past seven days.

ETF movements

Since the start of the week, investor enthusiasm for Bitcoin exchange-traded funds has been underwhelming. On Monday, speculators pulled $234 million out of the funds; since then, it’s been up an down, but data from Farside Investors shows about $200 million in total inflows across the whole week.

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Author: Mathew Di Salvo

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