Stocks fall sharply Monday, extending declines in late afternoon trade as President Donald Trump affirmed 25% tariffs on imports from Canada and Mexico will take effect. Earlier, stocks felt pressure after a weaker-than-expected February reading for a key manufacturing index.
Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin trading around $81,000—more than a quarter off its January peak.
Bitcoin dropped below $90k this week amid macroeconomic concerns. Story Protocol’s IP token defied the trend, posting double-digit gains.
Bitcoin plunged in early trading Friday and while it recovered a bit, the cryptocurrency is still down 20% from its peak.
Bitcoin tumbled below $84,000 on Wednesday, sliding more than 5% in the past 24 hours, as U.S. President Donald Trump announced plans to impose a 25% tariff on the European Union.
Donald Trump announces a US Crypto Reserve, triggering a market rally. Bitcoin and Ethereum rebound after recent losses, but on-chain data signals mixed trends—what’s next for the crypto market?