Bitcoin and Cryptos Slide Amid Tariff Concerns and Market Uncertainty

Bitcoin experienced a notable decline in trading on Tuesday, retreating from its morning highs as investors grappled with uncertainties surrounding the Trump administration’s trade policies. The world’s leading cryptocurrency by market capitalization fell to a daily low of approximately $77,000, down from earlier levels near $80,000. This drop reflects broader market caution, driven by concerns over proposed tariffs, persistent inflation, and questions about the overall health of the economy.

The downturn wasn’t limited to Bitcoin itself—several crypto-related stocks also felt the pressure in afternoon trading. Strategy (MSTR), formerly known as MicroStrategy and a prominent Bitcoin purchaser, saw its shares decline by nearly 5%. Coinbase Global (COIN), a major cryptocurrency exchange, dropped about 2%, while Bitcoin mining company Mara Holdings (MARA) slid more than 4%. These declines highlight the ripple effect of Bitcoin’s struggles across the broader crypto ecosystem.

This year has been challenging for Bitcoin, with its value trending downward amid investor hesitancy toward riskier assets. The cryptocurrency market has faced headwinds from macroeconomic uncertainties, including fears of new tariffs that could disrupt global trade and economic stability. Bitcoin’s total market capitalization, which stood at over $3.7 trillion in late 2024, has now contracted to roughly $2.6 trillio