Bitcoin price news: BTC climbs to $67,000 as Trump says U.S. deficit cut by 78%
Bitcoin rose to $67,000 as traders focused on Trump's claim of a 78% trade deficit cut and potential rate implications.Summary
Bitcoin experienced volatility, climbing to around $67,000 after dipping near $65,900, as traders reacted to a statement by Donald Trump claiming U.S. tariffs had reduced the trade deficit by 78% and could turn positive this year. The market's focus is less on the accuracy of the figure and more on the implication that continued tariff talk could lead to 'higher-for-longer' interest rates. Such conditions typically strengthen the dollar and pressure risk assets like Bitcoin, which has recently been trading as a macro proxy reacting to liquidity and rate expectations. While real data shows the deficit narrowed in January, economists note factors like non-monetary gold flows influenced the swing. If the tariff narrative tightens financial conditions, Bitcoin rallies may struggle; if it fades, crypto will revert to focusing on internal metrics like flows and leverage.
(Source：CoinDesk)