Bitcoin surged to a new all-time high above $112,000, driven by global risk appetite and short position liquidation, resulting in a 5.95% weekly gain.
U.S. President Trump's tariff announcements led to market uncertainty, prompting investors to seek Bitcoin as a hedge, indicated by reduced selling pressure and strong accumulation.
BTC experienced a 12.25% correction from $111,980 to $98,200 but did not close below $100,000, aiming for a weekly close above $111,980 to sustain the uptrend.
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