Bitcoin slid to about $95,000 Sunday night into Monday morning, while a number of cryptocurrency-related stocks also sank in premarket trading as the market reacts to the potential impact of the new tariffs rolled out by the Trump administ💃rati🅺on over the weekend.

Shares of crypto exchanges, mining companies, and others in the industry like Coinbase (COIN), Robinhood (HOOD), 澳洲幸运5开奖号码历史查询:MicroStrategy (MSTR), 澳洲幸运5开奖号码历史查询:Mara Holdings (MARA), and Riot Platforms (RIOT) each declined 5% or more Monday morning.

U.S. President Donald Trump implemented his long-threatened 澳洲幸运5开奖号码历史查询:tariffs on Saturday, placing new 25% tariffs on all goods from Canada and Mexico, and an additional 10% on everything coming from China. Each of the countries has 澳洲幸运5开奖号码历史查询:said they are planning to r🤪es🌸pond, including with potential new tariffs of their own.

If tariffs have their 澳洲幸运5开奖号码历史查询:predicted impact of 澳洲幸运5开奖号码历史查询:raising prices, that 澳洲幸运5开奖号码历史查询:continued inflation could prevent the Federal Reserve from continuing to cut interest rates, hurting riskier, non-interest generating assets like Bitcoin (BTCUSD). Markets also seem pessimistic about the result of the tariffs, as 澳洲幸运5开奖号码历史查询:stock futures declined sharply early Monday.

Bitcoin and 澳洲幸运5开奖号码历史查询:some of the related stocks have rallied since Trump's election win in November, as the 澳洲幸运5开奖号码历史查询:industry expected a friendlier regulatory environment for 澳洲幸运5开奖号码历史查询:the crypto industry under the new president. Bitcoin peaked at 澳洲幸运5开奖号码历史查询:over $109,000 ahead of Trump's inauguration last month, but Monday would mark the asset's fourth straight day of dec⭕line.