Bitcoin Falls 8% to $86K Amid Tariff Fears, Dulling Trump’s Crypto Reserve Plans 📉

Bitcoin's rally stalls with an 8% drop to $86,000 as traders react to potential tariffs, overshadowing Donald Trump's recent crypto reserve announcement.

Benzinga962 views0:35

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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.

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962

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Published
Mar 4, 2025

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