BTC Dips to $91K as Trump Tariff News Shakes the Market

Bitcoin and the major altcoins are feeling the heat after Donald Trump announced new tariff plans. The news sent a ripple through the financial markets, leaving Bitcoin trading around $91,100, which is down about 2% on the day. Ethereum fell 4% to $3,105, while Solana dropped to $129 as traders hit the pause button on their recent bullish bets.

Even with the price dip, big institutions are still making major moves. The New York Stock Exchange is preparing for a future where stocks and ETFs trade at all hours using tokenization. At the same time, the restaurant chain Steak n Shake revealed it holds about $10 million in Bitcoin and is building its own strategic reserve.

The ETF market showed a divide between the top two assets. Bitcoin ETFs saw a heavy outflow of $394 million on Friday, ending a solid four day winning streak. However, Ethereum funds managed to stay in the green with $4.7 million in fresh capital. This suggests that while some are pulling back from Bitcoin, there is still steady interest in Ethereum.

On the global stage, Bermuda is moving forward with plans to build a national economy that runs entirely on the blockchain. Meanwhile, Ethereum creator Vitalik Buterin is calling for better governance in decentralized organizations. He believes that more sophisticated models are needed to make these groups more accountable and sustainable for the future.