Donald Trump’s trade tariffs initially pushed Bitcoin’s price below 93,000 USD, causing concern among investors. Fortunately, after a shift in Trump’s stance, prices climbed back to over 100,000 USD, now resting at approximately 96,050 USD.
In an unexpected move, MicroStrategy rebranded to ‘Strategy’, with company co-founder Michael Saylor asserting that the change signifies a new chapter for the company, although they have halted Bitcoin acquisitions for now.
Investor enthusiasm for Bitcoin ETFs was shaky at the start, facing significant net outflows of 234 million USD, but saw a partial recovery with inflows of around 200 million USD later in the week.