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

    Robinhood increases buyback authorization to $1.5 billion with shares still trending lower

    Robinhood has unveiled a new $1.5 billion share repurchase program, expanding its buyback capacity as the stock continues to trade significantly below its recent peak. According to a filing with…

    Continue reading
    Bitcoin gains modestly on ceasefire optimism; oil sinks 4%

    Crypto markets spent most of the session under pressure before recovering slightly late in the day on fresh geopolitical headlines. Losses narrowed shortly after the close of U.S. equities, with…

    Continue reading
    You have not selected any currencies to display