Bitcoin Shows Resilience Amid Dow Jones Decline and Trump’s New Tariff Threats

Key Points

1. The Dow Jones Industrial Average fell by 286 points (0.64%) amid new tariff threats, including a proposed 35% tariff on Canadian exports.

2. Bitcoin (BTC) reached a new all-time high of $118,856, gaining 4% in 24 hours, with altcoins like Ethereum (ETH), XRP, Dogecoin (DOGE), and Cardano (ADA) also rallying.

3. Vietnam's trade situation adds complexity, with the U.S. imposing a 20% tariff (moderated to 10-15%) on certain exports, reflecting shifting geopolitical dynamics.

4. Cryptocurrencies outperformed traditional stock indices like the Nasdaq and S&P 500, suggesting bullish momentum in an otherwise volatile market environment.

5. Bitcoin's surge past $118,000 has sparked optimism for further growth, with institutional interest and ETF developments playing a role in its resilience.