Bitcoin has surged higher following its 20% plummet from its all-time high to under $100,000 (helped by Wall Street giant JPMorgan revealing a major bitcoin bet).

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The bitcoin price has climbed to around $105,000 despite a nightmare scenario for the bitcoin price suddenly starting to come true that could spell disaster for the stock market.

Bitcoin’s rally comes as U.S. president Donald Trump promises a “tariff dividend” of at least $2,000 per person that’s been described as a “stimulus check”—something that helped power the Covid-era bitcoin boom.

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