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Bitcoin Plunges Amid Trump’s New Tariff Policy Announcement
The price of Bitcoin dropped significantly today, primarily triggered by U.S. President Donald Trump’s announcement of sweeping new import tariffs on key trading partners. The policy, unveiled at the “Make America Wealthy Again” event, imposes a base tariff of 10% on all imported goods, with higher rates for specific regions—34% for China and 20% for the European Union.
This announcement sparked panic across global financial markets, including equities and cryptocurrencies. The Nasdaq 100 index fell nearly 4% in after-hours trading, while Bitcoin dropped from nearly $88,000 to just above $83,000.
Bitcoin’s price decline reflects investor sensitivity to geopolitical developments and global trade policies. Additionally, the economic uncertainty fueled by the new tariff measures prompted many investors to reduce their exposure to riskier assets, including cryptocurrencies.
Here is the latest Bitcoin price summary:
Bitcoin (BTC) – Current price: $83,559
Change: – $949 (-1.12%)
Intraday High: $88,398
Intraday Low: $82,162
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