According to CoinDesk, U.S. President Donald Trump posted on Truth Social that due to tariffs imposed on other countries, the U.S. trade deficit has been "reduced by 78%" and that it may turn into a surplus this year; the market is more focused on the potential resurgence of the tariff narrative, which could reinforce expectations of "higher and longer-lasting interest rates," boost the dollar, and suppress risk asset sentiment. Bitcoin briefly dropped to around $65,900 before rebounding to hover around $67,000.