Reported about 6 hours ago
Bitcoin and cryptocurrency-related stocks fell on Monday following the implementation of new tariffs by the Trump administration, which raised concerns about inflation and potential interest rate cuts. Bitcoin dropped to approximately $95,000, while major crypto stocks like Coinbase and Robinhood each experienced declines of 5% or more. Investors fear that the tariffs could hinder the Federal Reserve's ability to cut interest rates, negatively impacting riskier assets, including Bitcoin, that do not generate interest.
Source: YAHOO