A report by the Washington Post that President Trump's tariffs might not be as widespread as once thought triggered a dip in the dollar and a near-immediate 2% swing in Bitcoin's price. President Trump later refuted that report and Bitcoin pared gains in evening trading.

Bitcoin has surged above the $100,000 mark, trading at around $102,000—a gain of over 4% in a single day. This rally is driven by the “January effect” as investors return from the holidays and inject fresh capital into the market.

The cryptocurrency market has entered 2025 with cautious optimism after enduring a turbulent close to 2024. With several pivotal events on the horizon, including the inauguration of President-elect Donald Trump,