Trump’s Tariffs Rattle Crypto Markets As Bitcoin Falls Below $95K, Ether Drops 12%

Trump’s Tariffs Rattle Crypto Markets As Bitcoin Falls Below $95K, Ether Drops 12%

Bitcoin and Ether tumbled in early trading on Monday following President Trump’s announcement of import tariffs. Bitcoin by 2 to nearly $95,000  Monday while ether plunged 12 to nearly $2,600. Shares of crypto-exposed companies Coinbase and MicroStrategy fell around 5 in premarket trading. Analysts cited uncertainty and the risk of a trade war for the decline. Some noted that Bitcoin’s long-term prospects remain positive, with $90,000 as a key support level. However, further short-term volatility is expected.


User: Benzinga

Views: 41

Uploaded: 2025-02-03

Duration: 00:39

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