Bitcoin Holds Above $75K Amid Market Volatility Following Tariff Announcement

Bitcoin (BTC) has fallen over 5% following President Trump's tariff announcement, disappointing those who view it as a safe haven asset. Key points include:

Market strategist Joel Kruger sees potential for BTC as a store-of-value and diversification tool amid uncertainty.
Despite declines in the Nasdaq and S&P 500, BTC is maintaining a level above its year-to-date low of $75,000.
Javier Rodriguez Alarcon from XBTO highlights a continued correlation between BTC and risk markets during uncertain times.
JPMorgan's Nikolaos Panigirtzoglou questions BTC's "digital gold" narrative due to its volatility and correlation with equities.
Gold remains preferred as a safe haven, with prices currently at $3,126 per ounce, close to its record high.

BTC's price remains above JPMorgan's estimated production cost of $62,000, acting as a potential lower boundary.