Bitcoin Falls as Trump's Tariffs Hit Risk Appetite -- Market Talk

Dow Jones17:17

0917 GMT - Bitcoin falls along with other cryptocurrencies as risk sentiment weakens after President Trump imposed trade tariffs on Canada, Mexico and China. "This announcement has spooked markets as it signals further disruptions to global trade and supply chains," Zaye Capital Markets analyst Naeem Aslam says in a note. Trump's threats to extend similar tariffs on the EU and potentially the U.K. have added to fears about escalating protectionist policies that could hinder global economic growth, he says. Bitcoin has been volatile amid recent geopolitical and economic developments. Investors should remain vigilant and consider these factors, he says. Bitcoin falls 6.6% to $95,529 after hitting a three-week low of $91,439 overnight, according to LSEG. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 03, 2025 04:17 ET (09:17 GMT)

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Trump's threats to extend similar tariffs on the EU and potentially the U.K. have added to fears about escalating protectionist policies that could hinder global economic growth, he says. Bitcoin has been volatile amid recent geopolitical and economic developments. Investors should remain vigilant and consider these factors, he says. Bitcoin falls 6.6% to $95,529 after hitting a three-week low of $91,439 overnight, according to LSEG. 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Trump's threats to extend similar tariffs on the EU and potentially the U.K. have added to fears about escalating protectionist policies that could hinder global economic growth, he says. Bitcoin has been volatile amid recent geopolitical and economic developments. Investors should remain vigilant and consider these factors, he says. Bitcoin falls 6.6% to $95,529 after hitting a three-week low of $91,439 overnight, according to LSEG. 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Trump's threats to extend similar tariffs on the EU and potentially the U.K. have added to fears about escalating protectionist policies that could hinder global economic growth, he says. Bitcoin has been volatile amid recent geopolitical and economic developments. Investors should remain vigilant and consider these factors, he says. Bitcoin falls 6.6% to $95,529 after hitting a three-week low of $91,439 overnight, according to LSEG. 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