Newsletter Subscribe
Enter your email address below and subscribe to our newsletter
Bitcoin Plunges Following Trump’s New Tariff Announcement
Share your love
The Bitcoin (BTC) price has sharply declined, dropping from $88,000 to $82,000, after Donald Trump unveiled new tariffs targeting major global economies, including the European Union, China, and Japan. This decision has fueled uncertainty in financial markets, prompting investors to pull back from risk assets, including cryptocurrencies.
Crypto Stocks Take a Hit
The impact of this announcement wasn’t limited to Bitcoin. The entire cryptocurrency sector faced a significant downturn, with major crypto-related stocks seeing losses. Coinbase, one of the largest trading platforms, saw its stock drop by 6%, while mining companies such as Marathon Digital Holdings (MARA) and Riot Platforms experienced declines ranging from 4% to 7%.
Bitcoin’s Sensitivity to Geopolitical Shocks
Once viewed as a safe haven during economic instability, Bitcoin now appears more correlated with traditional markets and geopolitical events. With fears of a global trade war escalating, market analysts remain divided—some foresee further declines, while others predict a bullish rebound if economic tensions ease.
As volatility increases, investors are keeping a close watch on upcoming policy decisions and economic developments, which could further shake the cryptocurrency market.
