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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22 Articles
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Coverage Details
Total News Sources22
Leaning Left1Leaning Right4Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
13%
C 38%
R 50%
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