Source: Decrypt
“Bitcoin held its ground above $104,000 on Monday despite the U.S.-China trade tension and court-driven tariff drama that rattled global markets. Last Friday, U.S. President Donald Trump accused China of violating a mid-May agreement to pause tariff escalation and announced a hike in import tariffs on steel and aluminum, from 25% to 50%, effective June 4. The pause gave rise to a ‘Trump always chickens out’ meme and its acronym TACO. … Arthur Azizov, founder and investor at B2 Ventures, told Decrypt that the tariff headlines were contributing to market churn, but not a structural shift.” (06/02/25)
https://decrypt.co/323287/bitcoin-price-subdued-as-trump-always-chickens-out-backlash-looms