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Bitcoin, Crypto Stocks Fall After Trump Tariff News


Published on 2025-04-04 01:41:13 - Investopedia
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  • Bitcoin fell late Wednesday after President Donald Trump's latest tariff announcement roiled markets. 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 and other cryptocurrencies, along with stocks related to digital assets, experienced a decline following the announcement of new U.S. tariffs on Chinese imports by former President Donald Trump. The news led to a broader market sell-off, impacting riskier assets like cryptocurrencies. Specifically, Bitcoin fell below $29,000, and stocks such as Coinbase Global Inc., MicroStrategy Inc., and Marathon Digital Holdings Inc. also saw significant drops. The tariff news heightened concerns about escalating trade tensions between the U.S. and China, contributing to increased market volatility and a negative sentiment towards cryptocurrencies and related stocks.

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