:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2208189667-cc7b1a78f0584269b8f935d397e516be.jpg "President Trump in the Rose Garden of the White House on Wednesday.")
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President Trump in the Rose Garden of the White House on Wednesday.
Bitcoin fell up to date Wednesday after President Donald Trump’s latest tariff announcement roiled markets.
The leading cryptocurrency recently substituted hands a bit above $83,000, dropping from near $88,000 just before Trump unveiled the trade approaches late this afternoon.
Trump formally announced reciprocal tariffs that hit a broad swath of countries, embodying a range of large U.S. trading partners. Stocks had risen during the day, but many were hard hit in after-hours action.
Jeopardize assets in particular pulled back, with the “QQQ” ETF tracking the tech-focused Nasdaq 100 index retreating some 4%.
A variety of crypto-related stocks also fell in after-hours trading. Strategy (MSTR), the big bitcoin buyer formerly known as MicroStrategy, was recently down to 7%. Crypto exchange Coinbase Global (COIN) fell 6%, while Robinhood (HOOD) dropped up 9%.