Bitcoin Plummets Amid Trump’s Tariff Shock: A Detailed Analysis

Bitcoin Plummets Amid Trump's Tariff Shock: A Detailed Analysis
Bitcoin, the leading cryptocurrency, experienced a significant drop due to the shockwaves from former U.S. President Donald Trump’s proposed reciprocal tariffs. According to Coinbase, at 4:35 PM Eastern Time, Bitcoin’s price was trading at $79,090, a 4.7% decrease compared to 24 hours prior. Earlier in the day, it had briefly dipped to $78,625, marking a 4.99% decrease.

The decline began on March 3, following Trump’s announcement. Initially fluctuating around the $80,000 mark, Bitcoin has since seen a sharp downturn. Treasury Secretary Scott Besant’s remarks on NBC further dampened investor expectations, stating that reciprocal tariffs are not an issue that can be negotiated in a matter of weeks.

According to CoinDesk, the macroeconomic uncertainty caused by Trump’s tariff policies has triggered a sell-off. NYDIG data indicates that Bitcoin’s price fell by 11.7% in the first quarter of the year, marking its worst Q1 performance in a decade, since 2015. While Bitcoin has outperformed the stock market recently, its future trajectory remains uncertain.

**Key Takeaways:**

* Bitcoin’s price decline is attributed to Trump’s tariff proposals.
* Macroeconomic uncertainty is driving investor sell-offs.
* Bitcoin had its worst Q1 performance in 10 years.
* Future price movements remain unpredictable.
출처 : https://n.news.naver.com/mnews/article/052/0002176433?sid=104


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