Bitcoin Price: Here's Why It's Down Today Despite Crypto's 'No Tariffs'
- Donald Trump's announcement of new tariff policies on April 3 pressured crypto, with Bitcoin briefly dipping to $82,277.
- The tariff rollout, exceeding expectations, heightened fears of a potential global trade war impacting financial markets.
- Bitcoin recovered to $83,000; Ethereum saw a similar recovery to $1,800, while $247 million got liquidated in 24 hours.
- BitMEX co-founder Arthur Hayes stated tariffs would ultimately benefit Bitcoin due to likely increased fiat liquidity.
- Analysts at Santiment suggest Bitcoin is relatively insulated from tariff volatility due to its borderless nature.
12 Articles
12 Articles
Bitcoin, Ethereum Steady, Dogecoin Falls As Trump Trade Moves Crash Stocks: Why Arthur Hayes Believes Tariffs Will Be Good For BTC - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
Leading cryptocurrencies held steady Thursday, even as President Donald Trump's tariff moves battered stock markets.
Bitcoin falls to $81,000, crypto stocks tank as Trump tariffs rock markets: CNBC Crypto World
On today's show, major cryptocurrencies and crypto-focused stocks were under pressure after President Trump's big tariffs reveal jolted the stock market. Plus, the House Financial Services Committee voted in favor the STABLE Act, a bill aimed at creating a regulatory framework for stablecoins. And, Stuart Alderoty, chief legal officer at Ripple, discusses the findings of a survey conducted by a crypto-focused nonprofit the company helped support…
Bitcoin Price: Here's Why It's Down Today Despite Crypto's 'No Tariffs'
As Michael Saylor posted today, “there are no tariffs on bitcoin.” Nevertheless, the bitcoin price is seeing red today alongside the massive sell-off in the stock market. While bitcoin’s fractional declines in the past 24 hours pale in comparison to stocks today, the leading cryptocurrency is down a steeper 12.7% since hitting $94,000 in early March despite its design as a non-correlated asset and portfolio diversifier. According to data cited b…
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