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

2025-03-04 959 Dailymotion

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.