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Bitcoin and crypto-related stocks fell Monday, extending last week’s losses in the wake of President Donald Trump’s latest tariff announcement.
The Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs.
Bitcoin’s price fell to around $76,000 Monday, down from above $100,000 in February.
Bitcoin and crypto-related stocks fell Monday, extending last week’s losses in the wake of President Donald Trump’s latest tariff announcement.
The price of Bitcoin was down to around $76,000 early Monday, after dropping below the $80,000 threshold over the weekend. The cryptocurrency had traded above $100,000 as recently as February.
Shares of Strategy (MSTR), the Bitcoin buyer formerly known as MicroStrategy, plunged about 12%, while crypto exchange Coinbase (COIN) lost 9%. Bitcoin miners Riot Platforms (RIOT) and Mara Holdings (MARA) also dropped about 9%. Robinhood, the popular trading app, saw its shares tumble more than 10%.
This comes as the Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs and China announced retaliatory measures Friday, sending the major indexes lower. (Read Investopedia’s live coverage of today’s market action here.)
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