Bitcoin tumbled sharply on Wednesday<\/strong>, erasing much of its recent rebound as U.S. President Donald Trump\u2019s steep trade tariffs officially took effect<\/strong>, triggering a broad selloff across global markets and fueling fears of a full-scale trade war.<\/p>\n\n\n\n Adding to the pressure was a troubling disclosure from Strategy (NASDAQ:MSTR)<\/strong>\u2014the largest publicly listed holder of Bitcoin\u2014which reported a $5.91 billion unrealized loss<\/strong> on its crypto holdings, further dampening sentiment.<\/p>\n\n\n\n By 01:41 ET (05:41 GMT)<\/strong>, Bitcoin fell 4.2% to $76,523.5<\/strong>, after hitting an intraday low of $74,600<\/strong>, placing it within reach of the six-month low<\/strong> it hit earlier in the week. The losses wiped out Tuesday\u2019s short-lived bounce and reinforced the bearish trend, particularly after Bitcoin formed a \u201cdeath cross\u201d<\/strong> earlier this week\u2014a technical indicator signaling potential further weakness.<\/p>\n\n\n\n The renewed slump came as Trump\u2019s \u201creciprocal\u201d tariffs<\/strong> officially kicked in at midnight EST<\/strong>, including a massive 104% duty on Chinese imports<\/strong>\u2014a significant escalation from the previously threatened 60%. The move sparked immediate threats of retaliation<\/strong> from Beijing and growing unease among global policymakers, particularly across Europe.<\/p>\n\n\n\n As trade war fears deepened, risk appetite evaporated across asset classes, dragging speculative markets like crypto further into the red. The notion of Bitcoin acting as a hedge against macro risk was also called into question, especially as gold and the Japanese yen<\/strong> surged\u2014traditional safe havens that outperformed Bitcoin amid the turmoil.<\/p>\n\n\n\n Investor concerns were amplified after Strategy<\/strong> disclosed a $5.9 billion unrealized loss<\/strong> on its digital assets as of March 31<\/strong>, due to a shift in accounting rules that now require changes in the fair value of crypto holdings to be reflected in earnings.<\/p>\n\n\n\n This loss is expected to push Strategy into the red for Q1 2025<\/strong>, marking its first quarterly net loss in over a year. The company also told shareholders that it had neither bought nor sold Bitcoin<\/strong> since the end of the first quarter, despite the price drop presenting potential buying opportunities.<\/p>\n\n\n\n Shares of Strategy slumped<\/strong> sharply following the disclosure, compounding the broader pressure in crypto-linked equities.<\/p>\n\n\n\n The broader crypto market<\/strong> moved in lockstep with Bitcoin, extending recent losses as traders remained deeply risk-averse.<\/p>\n\n\n\n In the meme coin segment, Dogecoin<\/strong> fell 3.5%<\/strong>, while $TRUMP<\/strong> dropped 3.1%<\/strong>, hovering close to record lows<\/strong>.<\/p>\n\n\n\n With Trump\u2019s tariffs now in effect and major global economies preparing countermeasures, the market landscape remains highly uncertain. Crypto assets, which thrive in speculative and risk-on environments, are likely to remain under pressure unless trade tensions ease<\/strong> or macroeconomic sentiment improves<\/strong>.<\/p>\n\n\n\n Traders will also be watching for any signals from the Federal Reserve<\/strong> or other central banks, as expectations for rate cuts<\/strong> and slowing global growth<\/strong> may yet shift the narrative\u2014but for now, the tone remains decidedly risk-off.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin tumbled sharply on Wednesday, erasing much of its recent rebound as U.S. President Donald Trump\u2019s steep trade tariffs officially took effect, triggering a broad selloff across global markets and fueling fears of a full-scale trade war. Adding to the pressure was a troubling disclosure from Strategy (NASDAQ:MSTR)\u2014the largest publicly listed holder of Bitcoin\u2014which reported …<\/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":[40,6827,49,39,36],"tags":[],"class_list":["post-113465","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113465","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=113465"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113465\/revisions"}],"predecessor-version":[{"id":113466,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113465\/revisions\/113466"}],"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=113465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\nBitcoin Drops Near Six-Month Low as Trade Tensions Rattle Markets<\/h3>\n\n\n\n
\n\n\n\nStrategy\u2019s $5.9 Billion Bitcoin Loss Weighs on Sentiment<\/h3>\n\n\n\n
\n\n\n\nAltcoins Follow Bitcoin Lower, Ether Hits Two-Year Low<\/h3>\n\n\n\n
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\n\n\n\nOutlook: Crypto Sentiment Remains Under Pressure<\/h3>\n\n\n\n