Bitcoin's price fell to $79,500 on Thursday after briefly reaching $83,300, reflecting investor uncertainty following U.S. President Donald Trump’s decision to pause tariffs. This announcement initially sparked a rally in the crypto and broader markets, which saw Bitcoin down about 3.1% over 24 hours. The crypto market’s overall value dropped 4.7% to $2.61 trillion, with significant declines in Ethereum and other cryptocurrencies. Investors are concerned that Trump's tariffs could contribute to inflation while potentially hindering economic growth. Despite recent price declines, some analysts note that Bitcoin has shown resilience, staying above its low of $74,700 earlier in the week. Strahinja Savic from FRNT Financial highlighted the 'confusing environment' for all assets. Nevertheless, Bitcoin outperformed traditional markets like the S&P 500 and Nasdaq, although gold prices increased as a traditional safe haven asset.

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