{"id":113170,"date":"2025-03-27T16:20:08","date_gmt":"2025-03-27T12:20:08","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113170"},"modified":"2025-03-27T16:20:19","modified_gmt":"2025-03-27T12:20:19","slug":"bitcoin-holds-steady-amid-global-market-downturn-following-trumps-tariff-announcement","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-holds-steady-amid-global-market-downturn-following-trumps-tariff-announcement\/03\/27\/market-updates\/","title":{"rendered":"Bitcoin Holds Steady Amid Global Market Downturn Following Trump\u2019s Tariff Announcement"},"content":{"rendered":"\n

<\/h3>\n\n\n\n

Bitcoin remained largely unchanged on Thursday<\/strong>, even as global financial markets reacted negatively to Trump\u2019s newly announced auto tariffs<\/strong>.<\/p>\n\n\n\n

Bitcoin Price Movement<\/strong> <\/h3>\n\n\n\n
    \n
  • BTC\/USD<\/strong>: $87,315.20 (-0.2%)<\/strong><\/li>\n<\/ul>\n\n\n\n

    While equities saw a broad sell-off<\/strong>, Bitcoin remained relatively stable, with traders weighing rising geopolitical uncertainty<\/strong> and potential spillover effects on risk assets<\/strong>.<\/p>\n\n\n\n

    Trump\u2019s Tariffs Spark Market Jitters<\/strong><\/h3>\n\n\n\n

    On Wednesday, President Donald Trump announced a 25% tariff on all foreign-made cars and auto parts<\/strong>, effective April 2<\/strong>. This move aims to boost domestic manufacturing<\/strong> but has also raised fears of a global trade war<\/strong>.<\/p>\n\n\n\n

    As a result:<\/p>\n\n\n\n

      \n
    • The S&P 500 fell 1.1%<\/strong>, while the NASDAQ Composite dropped 2%<\/strong>.<\/li>\n\n\n\n
    • Gold prices surged<\/strong>, reflecting a flight to safe-haven assets<\/strong>.<\/li>\n<\/ul>\n\n\n\n

      Bitcoin, often dubbed “digital gold,” showed limited reaction<\/strong>, suggesting investors remain cautious ahead of further developments<\/strong>.<\/p>\n\n\n\n

      GameStop Shares Plunge After Bitcoin Treasury Move<\/strong><\/h3>\n\n\n\n

      GameStop Corp (NYSE:GME) shares dropped nearly 8% to $26.26 in after-hours trading<\/strong>, following the company’s announcement of a $1.3 billion convertible bond offering<\/strong> to finance Bitcoin acquisitions<\/strong>.<\/p>\n\n\n\n

      Earlier in the session, the stock had surged 11.7% to $28.36<\/strong> after GameStop revealed plans to adopt Bitcoin as a treasury reserve asset<\/strong>.<\/p>\n\n\n\n

      The proposed 0% five-year convertible senior notes<\/strong> will be used for general corporate purposes, including Bitcoin purchases<\/strong>, the company stated.<\/p>\n\n\n\n

      Altcoins Decline as Market Awaits April 2 Tariffs<\/strong><\/h3>\n\n\n\n

      Most major altcoins mirrored Bitcoin\u2019s muted performance, with a broad downturn across the crypto market<\/strong>.<\/p>\n\n\n\n

        \n
      • Ethereum (ETH)<\/strong>: $2,025.96 (-1.6%)<\/strong><\/li>\n\n\n\n
      • XRP<\/strong>: $2.3661 (-4%)<\/strong><\/li>\n\n\n\n
      • Solana (SOL)<\/strong>: -3%<\/strong><\/li>\n\n\n\n
      • Cardano (ADA)<\/strong>: -1.9%<\/strong><\/li>\n\n\n\n
      • Polygon (MATIC)<\/strong>: -1.6%<\/strong><\/li>\n<\/ul>\n\n\n\n

        Meme tokens saw mixed performance:<\/p>\n\n\n\n

          \n
        • Dogecoin (DOGE) gained 1.8%<\/strong><\/li>\n\n\n\n
        • $TRUMP token edged 0.3% higher<\/strong><\/li>\n<\/ul>\n\n\n\n

          With U.S. reciprocal tariffs expected on April 2<\/strong>, crypto markets are likely to remain volatile in the coming weeks<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Bitcoin remained largely unchanged on Thursday, even as global financial markets reacted negatively to Trump\u2019s newly announced auto tariffs. Bitcoin Price Movement BTC\/USD: $87,315.20 (-0.2%) While equities saw a broad sell-off, Bitcoin remained relatively stable, with traders weighing rising geopolitical uncertainty and potential spillover effects on risk assets. Trump\u2019s Tariffs Spark Market Jitters On Wednesday, …<\/p>\n","protected":false},"author":9,"featured_media":105265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,39,36],"tags":[],"class_list":["post-113170","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113170"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113170\/revisions"}],"predecessor-version":[{"id":113172,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113170\/revisions\/113172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105265"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}