Today: Is the Bitcoin bear market over? | Escalation in the customs dispute
The recent price increase is sparking hopes of a new bitcoin bull market. And: The US and Canada are hitting each other with new tariffs and retaliatory tariffs.
The cryptocurrency market has been in a downturn trend since October last year, but Bitcoin, the largest and oldest cryptocurrency, has risen by around 24% in the past week. Its price briefly exceeded $80,000 on Tuesday, its highest level since May. However, a similar surge in May was followed by a sharp decline. The US and Canada have escalated their trade dispute, with the US imposing 50% tariffs on Canadian goods worth $20 billion and Canada announcing retaliatory tariffs on US imports of the same value.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
