ChainCatcher reports that Bitcoin continued to fluctuate on Thursday, initially dropping to around $65,900 before rebounding to approximately $67,000. Market focus shifted to Trump’s latest statements on trade and tariffs.
He previously posted on Truth Social that the U.S. trade deficit has been “reduced by 78%” due to tariffs on other countries and companies, and expressed optimism about achieving a trade surplus for the first time in decades this year.
Analysts believe that rising tariff expectations could impact inflation trajectories and reinforce market pricing for “higher and longer” interest rates. In this scenario, the dollar typically strengthens, risk assets come under pressure, and cryptocurrencies like Bitcoin are also susceptible to liquidity and interest rate expectation changes.
Market views suggest that if the tariff narrative further intensifies and drives the dollar higher along with tightening financial conditions, Bitcoin’s rebound momentum may be difficult to sustain; if related statements fade into political noise, the crypto market may refocus on capital flows, leverage conditions, and key technical levels.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin L1 smart contract platform OP_NET completes $5 million funding round, with Further leading the investment
Gate News Announcement, March 12th, Bitcoin L1 native smart contract platform OP_NET announced the completion of a $5 million funding round. This round was led by Further, with participation from ANAGRAM, Arcanum Capital, Humla Ventures, Morningstar Ventures, G20 Ventures, and UTXO
GateNews3m ago
21Shares Analyst: BTC May Fluctuate Between $68,000 and $74,000 in the Short Term
21Shares strategist Matt Mena pointed out that March CPI data has been absorbed by the market. In the short term, BTC is expected to fluctuate between $68,000 and $74,000. After breaking above $75,000, it may enter the $75,000 to $80,000 range. Historically, BTC often rebounds more than 15% after geopolitical shocks, and a restart of rate cuts could accelerate the recovery.
GateNews16m ago
Paraguay issues Resolution No. 47/26 requiring platforms to provide detailed reports on cryptocurrency transaction information
Gate News Update: On March 12, the Paraguay National Tax Service issued Resolution No. 47/26 to strengthen tax regulation on Bitcoin and cryptocurrencies. The new regulation requires crypto platforms and administrators to report detailed information on each user transaction, including wallet addresses, networks used, and transaction hashes. The scope of regulation covers cryptocurrency donations, inheritances, and NFT transactions exceeding $5,000 annually. This measure aims to incorporate digital assets into Paraguay's national tax system while complying with the Financial Action Task Force (FATF) anti-money laundering recommendations.
GateNews29m ago
BlackRock this morning transferred approximately 2,653 Bitcoins from a certain CEX, valued at over $187 million.
Gate News Report, March 12, Arkham monitoring data shows that BlackRock transferred a total of approximately 2,653 Bitcoins from a certain CEX through its Bitcoin ETF IBIT this morning, valued at $187.42 million.
GateNews30m ago
Bitcoin Core main development branch merges the Cluster Mempool update, which will be included in version 31.0
Bitcoin Core, the Bitcoin client, merged the Cluster Mempool update on March 12th, which is expected to be included in the upcoming 31.0 version. This update will redesign the way nodes handle unconfirmed transactions to improve block packing efficiency and optimize fee calculation. Version 31.0 is expected to be released in the second half of 2026.
GateNews33m ago
