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 澳洲幸运5开奖号码历史查询:$80,000 threshold over the weekend. The cryptocurrency🦩 had traded above𝔉 $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%.&🀅nbsp;
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 澳洲幸运5开奖号码历史查询:retaliatory measures Friday, sending the major indexes lower. (Read Investopedia's live coverage of 澳洲幸运5开奖号码历史查询:today's market action here.)