Bitcoin saw minimal movement today as the broader cryptocurrency market remained subdued, with investor sentiment dampened by concerns over newly imposed U.S. trade tariffs. The digital asset rose just 0.3% to $114,521.4 in early trading, staying within a narrow range that has held for the past week.
Market activity has been constrained since U.S. President Donald Trump’s new reciprocal tariffs took effect, hitting global economies with levies between 10% and 50%. Adding to investor caution, Trump also announced a 100% tariff on all semiconductor imports, expected to roll out in the coming weeks.
Despite continued accumulation by institutional players like MicroStrategy and Japan’s Metaplanet Inc., Bitcoin has struggled to regain upward momentum. The world’s largest cryptocurrency remains well below its mid-July peak of over $123,000, as broader economic uncertainty and fading risk appetite weigh heavily on digital assets.
