Bitcoin’s Price Falls Bellow $85,000 After Trump’s Tariff Announcement
On Wednesday Bitoin experienced increased volatility surging above $87,000 before crashing down to around $84,000
Following the announcement by Donald Trump of reciprocal tariffs on all countries, Bitcoin’s price took a noticeable hit, plunging to around $84,400. This decline comes as market participants react to the potential economic consequences of the new trade measures.
At the time of writing, Bitcoin is trading at approximately $84,600, reflecting a 3% decrease within the past hour. The cryptocurrency’s market capitalization now stands at $1.68 trillion, with a 24-hour trading volume of $41.88 billion.
The broader cryptocurrency market has also been significantly affected, with the total market capitalization falling by 1.25% to $2.71 trillion. This dramatic drop underscores the heightened volatility as global economic uncertainties influence digital asset prices.
Investors are closely monitoring the situation, assessing the potential long-term impact of the tariff announcement on both traditional and digital markets. The reaction highlights how Bitcoin, often seen as a hedge, remains vulnerable to major geopolitical and economic developments.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
