Bitcoin, Crypto Stocks Fall as Tariff Fears Grip Markets
April 7, 2025
Key Takeaways
- Bitcoin and crypto-related stocks fell Monday, extending last week’s losses in the wake of President Donald Trump’s latest tariff announcement.
- The Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs.
- Bitcoin’s price fell to around $76,000 Monday, down from above $100,000 in February.
Bitcoin and crypto-related stocks fell Monday, extending last week’s losses in the wake of President Donald Trump’s latest tariff announcement.
The price of Bitcoin was down to around $76,000 early Monday, after dropping below the $80,000 threshold over the weekend. The cryptocurrency had traded above $100,000 as recently as February.
Shares of Strategy (MSTR), the Bitcoin buyer formerly known as MicroStrategy, plunged about 12%, while crypto exchange Coinbase (COIN) lost 9%. Bitcoin miners Riot Platforms (RIOT) and Mara Holdings (MARA) also dropped about 9%. Robinhood, the popular trading app, saw its shares tumble more than 10%.
This comes as the Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs and China announced retaliatory measures Friday, sending the major indexes lower. (Read Investopedia’s live coverage of today’s market action here.)
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