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Bitcoin Slides After Trump Tariff News; Crypto Stocks Retreat


Published on 2025-04-05 13:21:02 - Investopedia
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  • Bitcoin extended its recent retreat Thursday, with the price of the leading cryptocurrency falling in the wake of President Donald Trump's latest tariff announcement.

Bitcoin experienced a decline following news of former President Donald Trump's tariff proposals, which contributed to a broader retreat in cryptocurrency stocks. The cryptocurrency market was already facing challenges due to regulatory concerns and a general market downturn. Specifically, Bitcoin fell by 2.5% to around $67,000, while other major cryptocurrencies like Ethereum and Solana also saw declines. The tariff news added to the uncertainty, causing investors to pull back from riskier assets like cryptocurrencies. Additionally, stocks of companies involved in cryptocurrency, such as Coinbase and MicroStrategy, also saw significant drops in their share prices amid the market turmoil.

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