Bitcoin experienced a notable decline on Tuesday, dropping from its morning levels as investors continued to assess the implications of the Trump administration's trade policies.
Bitcoin price dropped on Tuesday morning as traders continued to digest the implications of the Trump administration’s trade policies, impacting crypto-related stocks.
According to a report on Yahoo Finance, Bitcoin was trading at around $77,000 at its low for the day, down from levels above $80,000 earlier in the morning.
The downturn in Bitcoin’s value also impacted several crypto-related stocks. MicroStrategy (NASDAQ:MSTR), the software company known for its massive Bitcoin holdings, saw its shares slide nearly 5%.
Crypto exchange Coinbase Global (NASDAQ:COIN) shares fell by about 2%, while prominent Bitcoin miner Mara Holdings (NYSE:MARA) slid more than 4%.
Throughout the year, Bitcoin has generally faced downward pressure, with recent declines attributed to investor caution surrounding risk assets amid ongoing concerns about tariffs, persistent inflation, and the broader economic outlook.
However, stock markets managed to hold onto gains, albeit remaining below earlier highs, as they digested a mixed bag of earnings reports and economic data.
According to the report, the S&P 500 futures rose slightly, trading at 4,528.50 by 01:08 ET (05:08 GMT). Meanwhile, Nasdaq 100 futures also edged up, trading at 16,010.00, while Dow futures slipped slightly, trading at 35,274.00.
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