The leading cryptocurrency recently changed hands a bit above $83,000, dropping from near $88,000 just before Trump unveiled the trade policies late this afternoon.
BITCOIN NEWS
Bitcoin’s price fell sharply following President Donald Trump’s announcement of new reciprocal tariffs targeting multiple international trading partners. The cryptocurrency dropped from nearly $88,000 to just over $83,000 shortly after the news broke, reflecting a broader market reaction as investors pulled back from riskier assets. “The leading cryptocurrency recently changed hands a bit above $83,000, dropping from near $88,000 just before Trump unveiled the trade policies late this afternoon,” an analyst noted.
The tariff announcement also impacted crypto-related stocks, with companies such as Coinbase and MicroStrategy experiencing notable declines. Robinhood, which offers cryptocurrency trading, saw its stock drop by 9% in after-hours trading. Analysts believe the market turbulence stems from concerns over potential economic slowdowns resulting from intensified trade conflicts. The developments highlight how digital asset markets remain sensitive to geopolitical events and policy changes, raising questions about Bitcoin’s role as a hedge against traditional financial uncertainty.