price Bitcoin It recovered $100,000 on Monday and continued to rise as the US dollar weakened, following a report that President-elect Donald Trump's team is considering a tariff reduction plan.

the The Washington Post I mentioned Following Trump's calls for "global" tariffs during his election campaign, his team is still considering imposing taxes on goods and services imported from every country - but the plan could be limited to covering important imports only.

the mailCiting three people familiar with the matter, she stated that the plan is still in flux as Trump prepares to return to the White House within two weeks. The newspaper reported that the targeted tariff plan could focus on imports from sectors considered vital to American national and economic security, such as medical supplies or energy production.

In social reality mailTrump backed down mailreport, arguing that it “incorrectly states that my tariff policy will be reduced.” In September, Trump proposed imposing tariffs of up to 20% on US imports, along with a massive 60% tariff on goods and services coming from China. PBS News.

Zack Bandel, managing director of Grayscale Research, said that higher tariffs could impact the price of Bitcoin in the short term, as an asset linked to the strength of the US dollar. Decryption.

He added: “Higher tariffs, all other things being equal, will mean a stronger dollar.” “The impact is indirect, but tariffs could have an impact on Bitcoin’s valuation because it is tied to the dollar.”

The US Dollar Index (DXY), which measures shifts in the value of the dollar compared to a basket of other currencies, fell 0.6% on Monday to 108.29, according to TradingView. Last week, the index reached 109.43, its highest level since October 2022.

Bitcoin price It rose above $102,000 Early Monday, it crossed the $100,000 mark for the first time in more than two weeks. Last month, the leading cryptocurrency soared Up to $108,000setting a new record high for the asset's price, but it fell as hawkish expectations for interest rate cuts weakened Bitcoin's price.

The Federal Reserve has indicated that it will cut interest rates at a relatively cautious pace this year, Shredder The US central bank expects to cut interest rates by 25 basis points - down from four.

Low interest rates usually support risk assets, because they reduce borrowing costs, increase consumer spending, and make traditionally safer investments such as bonds or cash less attractive.

While higher tariffs could affect the price of bitcoin in the short term, Bandel described its increasing use as part of structural changes in international trade and financial standards that have guided the global economy over the past few decades.

“In the long term, they are part of larger trends that are fragmenting the dollar-based international financial system,” he said, adding that they are “pushing investors into alternative stores of value such as physical gold and bitcoin.”

Modified by Andrew Hayward