Bitcoin Drops 8% to $86K as Traders Worry Over Tariffs, Overshadowing Trump’s Crypto Reserve Plan

Bitcoin Drops 8% to $86K as Traders Worry Over Tariffs, Overshadowing Trump’s Crypto Reserve Plan

Bitcoin’s rally faded Monday as traders worried about the economic impact of proposed tariffs. The concerns overshadowed excitement about Donald Trump’s announcement of a U.S. strategic crypto reserve. Bitcoin fell 8 to nearly $86,000, while ether dropped 15 to $2,100. Crypto-related stocks Coinbase, Robinhood, and MicroStrategy also reversed gains. Analysts warn bitcoin remains vulnerable to macroeconomic concerns, absent a fresh crypto-specific catalyst.


User: Benzinga

Views: 961

Uploaded: 2025-03-04

Duration: 00:35

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