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 Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
