icon
icon
icon
icon
Upgrade
Upgrade

News /

Articles /

Bitcoin Plunges 10% as Trump Tariffs Spark Market Uncertainty

Coin WorldMonday, Mar 3, 2025 10:38 pm ET
1min read

Bitcoin, the world's leading cryptocurrency, experienced a significant drop of 10.49% on March 4, as markets reacted to President Trump's announcement of U.S. tariffs on Mexico and Canada. This news sparked considerable uncertainty, with the three major U.S. stock indices - the Dow Jones, S&P 500, and Nasdaq - all registering substantial declines. The tech sector was particularly hard hit, with Nvidia falling by 8.69%.

The cryptocurrency market mirrored these fluctuations, with Bitcoin temporarily spiking to $95,000 before plummeting to $83,384, a drop of 10.49%. Ethereum also suffered, plunging 16.83% to a new low of $2,038. The looming tariff implications have exacerbated fears of economic stagnation, reflected in the U.S. dollar index's drop by 1% and a subsequent rise in gold prices amidst increased risk aversion.

In response to these turbulent times, 4E, a financial platform facilitating various asset trading, has launched a new financial product pegged to the USDT stablecoin. This product offers an enticing 8% annualized return rate, providing investors with a potential hedging strategy amidst market volatility.

Comments

Add a public comment...
Post
Refresh
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App