According to Mihir (@RhythmicAnalyst), the US stock market experienced a dip following the announcement of a 250% tariff imposed on China by Trump. Amidst this economic tension, Bitcoin has seen a significant increase, reaching over $84,000. This price surge can be attributed to investors seeking refuge in cryptocurrencies as traditional markets react negatively to the trade tariffs. Traders should note the correlation between geopolitical events and cryptocurrency market movements, highlighting Bitcoin's role as a potential hedge against economic instability.