During trading, the price of bitcoin fell below the mark of 100 thousand dollars. According to trading data, the minimum price of the asset was 99.01 thousand dollars, however, by the time this material was prepared, it had recovered to 101.76 thousand, which is 4.69 percent lower than the initial level of the trading day.
After Donald Trump imposed new tariffs on imports from many countries to the U.S., bitcoin, which reached 109 thousand dollars in January ahead of the inauguration, fell below 75 thousand. Nevertheless, later investors seeking a safe asset amid economic uncertainty returned to buying cryptocurrency. In May, the price rose again to 109 thousand dollars, and at the beginning of October, it reached a record, exceeding 126 thousand.
Analysts at Deutsche Bank, as reported by The Block, claim that bitcoin resembles gold in its trajectory and, with decreasing volatility, could take a place in the reserves of central banks around the world by 2030.
