Crypto Stocks Drop As Bitcoin Sinks Below $84,000 on Trump Reserve Skepticism, Tariff Concerns

Tiger Newspress

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Euphoria in digital-asset markets stemming from Donald Trump’s plans for a strategic crypto reserve turned to skepticism on Tuesday, triggering early losses in cryptocurrencies that worsened throughout the day as investors braced for the US to impose 25% tariffs on Mexico and Canada.

The world's largest cryptocurrency, bitcoin, sank 2.5% to $83,924.

Crypto Stocks also dropped in premarket trading. CleanSpark, TeraWulf, and MARA Holdings fell 3%; Hut 8, Strategy, and Coinbase fell 2%.

Trump said Sunday on Truth Social that the XRP, SOL and ADA tokens will be included in the reserve, along with Bitcoin and Ether. The news ignited an immediate crypto rally, offering relief to an asset class fresh off its worst month since 2022. Yet the inclusion of the three lesser-known digital tokens was later met with questions from investors about the project’s merits.

U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three U.S. trading partners.

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CleanSpark, TeraWulf, and MARA Holdings fell 3%; Hut 8, Strategy, and Coinbase fell 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/42fdbb2b8a41b76f910f9bcc59601272\" tg-height=\"281\" tg-width=\"552\"/></p><p style=\"text-align: start;\">Trump said Sunday on Truth Social that the XRP, SOL and ADA tokens will be included in the reserve, along with Bitcoin and Ether. The news ignited an immediate crypto rally, offering relief to an asset class fresh off its worst month since 2022. 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CleanSpark, TeraWulf, and MARA Holdings fell 3%; Hut 8, Strategy, and Coinbase fell 2%.Trump said Sun","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"由于特朗普储备怀疑和关税担忧，比特币跌破84,000美元，加密货币股下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITO":1.1,"BTBT":1.1,"BTCM":1.1,"BTM":1.1,"CAN":1.1,"CLSK":1.1,"COIN":1.1,"EBON":1.1,"GBTC":1.1,"MARA":1.1,"MSTR":1.1,"NCTY":1.1,"RIOT":1.1,"SOS":1.1},"content_text":"Euphoria in digital-asset markets stemming from Donald Trump’s plans for a strategic crypto reserve turned to skepticism on Tuesday, triggering early losses in cryptocurrencies that worsened throughout the day as investors braced for the US to impose 25% tariffs on Mexico and Canada.The world's largest cryptocurrency, bitcoin, sank 2.5% to $83,924.Crypto Stocks also dropped in premarket trading. 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