The price of bitcoin decreased by $ 83,000 as traders reacted to the confirmation of President Donald Trump that the new tariffs on Canada and Mexico would be effective on March 4.
According to Crypto’s Price Tracker, the major cryptocurrency is 10% below Tuesday, March 4. Investor Bhavna quickly shifted after Trump Confirmed 25% tariffs trigger a major sales in financial markets.
Dow Jones Mud The profit of 300 points for dropping more than 1,100 points, while S&P 500 lost $ 1.5 trillion in the market cap. Bitcoin (BTC), which increased to $ 95,000 over the weekend, fell back into consolidation. Analysts warned that the Crypto Reserve News lacked immediate effect and the macroeconomic risk could be highly.
The broad crypto market was also suffering. Ethereum (Eth) marked a 15% decline in 15% in 15 months below $ 2,100 its first drop. Stocks associated with Crypto, including coinbase (-4.6%) and Robinhood (-6.4%), reverse the earlier benefits.
Meanwhile, Crypto Fuchors was liquefied in the last 24 hours in the last 24 hours, wiped to $ 925 million long positions. data,
Despite the improvement, Bitmex co-founder Arthur Hayes believes that Bitcoin will be out of the traditional markets and lead recovery as the US stock market finds its destination. Substac on 4 March ArticleHe pointed to demolishing American Treasury Liquidity as a rapid signal, although he warned that BTC could briefly test $ 70,000 if the risk sells property.
Hayes states that bitcoin is still in a long -term rapid cycle, it is expected that eventually will exceed $ 1 million.
Despite the market recession, investors are ready for the first White House Crypto summit on Friday, March 7. Under the leadership of White House AI and Crypto Caesar David Sachs, the incident is expected to reveal more information about crypto strategic reserve and future rules.
Investors are expecting a more defined structure that encourages institutional adoption and long -term development in the Crypto region.
