Bitcoin Faces Notable Decline Amid Trade Policy Concerns
Bitcoin experienced a notable decline on Tuesday, dropping from its morning levels as investors continued to assess the implications of the Trump administration’s trade policies. According to a report on Yahoo Finance, the leading cryptocurrency by market cap was trading around $77,000 at its low for the day, down from approximately $80,000 earlier.
Read also: Bitcoin Surges Following Trump’s Strategic Reserve Announcement
The downturn in Bitcoin’s value also impacted several crypto-related stocks. MicroStrategy (MSTR), the software company known for its significant Bitcoin holdings, saw its shares drop nearly 5%. Similarly, shares of the crypto exchange Coinbase Global (COIN) fell by about 2%, while Mara Holdings (MARA), a prominent Bitcoin miner, slid more than 4%.
Throughout the year, Bitcoin has generally faced downward pressure, with recent declines attributed to investor caution surrounding risk assets amid ongoing concerns about tariffs, persistent inflation, and the broader economic outlook. Despite the challenges, stock markets managed to hold onto gains, although they remained below earlier highs.
Source: IndexBox Market Intelligence Platform
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