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Bitcoin value dives as uncertainty grips market

  • Bitcoin's value dropped nearly 10% to $85,321.69 on March 3 due to concerns over trade tariffs and uncertainty about a U.S. Crypto reserve plan involving Donald Trump's administration.
  • By March 4, Bitcoin traded at $83,165.06, with Ether dropping over 15% and other cryptocurrencies like XRP and Solana falling nearly 20% amid a market-wide sell-off.
  • Investors questioned the likelihood of congressional approval for Trump's proposed crypto reserve, which involved collecting assets primarily from seized holdings.
  • Analysts indicate that risks from trade tariffs and U.S. Economic growth concerns are affecting cryptocurrency market confidence, causing broader risk aversion.
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Bitcoin Insider broke the news in on Monday, March 3, 2025.
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