By George Glover
Bitcoin was edging lower Monday, with crypto investors still in a risk-off mood amid worries about faltering growth.
The world's largest token was down 1% over the past 24 hours to $83,325, according to data from the crypto exchange Kraken. Other digital assets were also sliding: Ethereum fell 1.5% to $1,899, and XRP dropped 2.1% to $2.34.
The tokens surged after Donald Trump won the U.S. election in November, with bulls hopeful that the new administration would slash crypto regulation. But they've struggled since Trump took office, tumbling in tandem with stocks amid worries that his tariffs will drive up inflation and weigh on growth.
Bitcoin now trades 31% off the record high it hit on Jan. 20, the day of Trump's inauguration. Don't count on a rebound until the broader market has gotten over its tariff fears.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 17, 2025 04:56 ET (08:56 GMT)
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