Bitcoin Rises. Tariffs, the Dollar, and What Else Is Boosting Crypto Prices.
Bitcoin and other cryptocurrencies were on the rise Monday, with the largest digital coin at one point reaching its highest level since President Donald Trump announced reciprocal tariffs. The move comes as major U.S. stock indexes fall, weighed down by escalating trade tensions between the U.S. and China and Trump’s renewed attacks on Federal Reserve Chair Jerome Powell. On the trade front: Chinese officials warned countries negotiating with the White House that they will face retaliatory tariffs from China if they strike deals that harm Beijing.
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