Digital Assets Hold Firm as Traditional Finance Wavers Over Trump Tariff News

Bitcoin Holds Firm as Traditional Markets React to Trump’s Surprise Tariff Timeline

Bitcoin remained stable despite recent market turbulence, while U.S. stocks lost early gains after President Donald Trump accelerated his tariff plans.

In a Truth Social post, Trump announced that tariffs on Mexico and Canada would begin on March 4, alongside a 10% tariff on Chinese imports—contradicting previous hints of an April start.

The Nasdaq 100, which had been up over 1%, trimmed gains to 0.6%, S&P 500 futures flattened, and Dow futures turned negative. Meanwhile, the U.S. dollar index surged 0.5%.

Crypto markets, which had already seen sharp declines in recent days, showed resilience. Bitcoin (BTC) held steady near $85,600, shrugging off the latest macroeconomic uncertainty.

  • Related Posts

    Crypto giant enters oil trading with a model distinct from Hyperliquid’s perps.

    Crypto market maker Wintermute has expanded into energy markets with the launch of WTI crude oil contracts for difference (CFDs), giving clients the ability to trade oil prices 24/7. The…

    Continue reading
    Bitcoin hovers above $71K as oil dips below $100 amid U.S. 15-point plan to ease Iran tensions.

    Brent crude fell 4.7% and Asian equities rose 1.9% after reports that Washington had conveyed a ceasefire proposal to Tehran through Pakistan, boosting optimism to its highest level since the…

    Continue reading
    You have not selected any currencies to display