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crypto markets decline sharply after trump announces new tariffs

Crypto markets experienced significant declines on April 3 following President Trump's announcement of new tariffs, with Bitcoin dropping 5% to $81,849.63, while ether and solana fell 7% and 13%, respectively. The broader stock market also suffered, with the S&P 500 facing its worst day since September 2022, and shares of crypto-related companies like Coinbase and MicroStrategy declining over 7%. Analysts noted that Bitcoin is behaving like a high-beta macro asset, influenced by global liquidity and rate expectations, while strong demand is indicated by its ability to hold key technical levels despite the unexpected tariff news.
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Coinbase Global, Inc. MicroStrategy Inc USA Donald Trump David Hernandez Ben Kurland Show more
Finance & Economy, Market Report
03:02 04.04.2025
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