US EditionBitcoin 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.
46 Articles
46 Articles
Bitcoin value dives as uncertainty grips market
New York, United States — Bitcoin’s price plunged nearly 10 percent on Monday as an escalating trade war and uncertainty over creation of a US crypto reserve fund sent investors running from risk. After jumping on US President Donald Trump’s talk of creating a national cryptocurrency reserve, bitcoin and similar digital assets dove in the
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Bitcoin price drops below $85,000 amid trade war, US crypto reserve uncertainty
The price of Bitcoin fell to $85,321.69 late on Monday (March 3). Ether, the second-largest cryptocurrency, dropped more than 15 per cent, while XRP, Cardano, and Solana fell nearly 20 per cent
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