Bitcoin Drops to $82100, Ethereum to $1790, and XRP to $2.13

Bitcoin has dropped to $82,100, Ethereum to $1,790, and XRP to $2.13, extending losses alongside U.S. stock futures as investors react to rising trade tensions and inflation concerns.

Bitcoin price slipped further on Wednesday, extending losses with U.S. stock futures amid rising trade tensions and inflation concerns.

Bitcoin dropped to $82,100 by 07:08 ET (11:08 GMT), falling 1.4%. On the other hand, Ethereum slid to $1,790, down 1%, and XRP dipped to $2.13, extending losses by 0.2%.

At the same time, S&P 500 futures decreased by 0.7%, and Nasdaq-100 futures fell by 0.8%, while Dow futures slipped 0.55%.

Investor sentiment remained largely negative ahead of President Donald Trump’s April 2 tariff announcement. The president’s administration is planning to unveil reciprocal trade measures on at least 25 countries in response to trade imbalances.

According to estimates from Barclays, tariffs on autos alone could affect over $275 billion in annual imports. The broader tariff package, part of Trump’s proposed “External Revenue Service,” is projected to generate $600 billion in revenue.

Meanwhile, the Bitcoin mining sector continues to expand, but it faces challenges from regulatory uncertainty and inflation pressures.

At the Mining Disrupt conference in Fort Lauderdale, one miner highlighted Trump’s message: “Never sell your stash.”

Industry participants at the conference showcased optimism despite the fourth consecutive quarter of GDP contraction, signaling a potential recession. However, analysts noted that the sector’s trajectory will depend on prevailing economic and regulatory conditions.

"Many investors had come in with the narrative that Trump would bring economic benefits," said Juan Pellicer, senior research analyst at IntoTheBlock.

"But now, they are adjusting to the narrative of rising geopolitical tensions and uncertainty, which the president himself has highlighted," he added.

The upcoming tariff announcement is expected to provide more clarity to markets already grappling with significant volatility.