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Bitcoin, Crypto Stocks Fall After Trump Tariff News

President Trump in the Rose Garden of the White House on Wednesday.
President Trump in the Rose Garden of the White House o🉐n Wednesday.

Chip Somodevilla / Getty Images

Bitcoin fell late Wednesday after President Donald Trump’s latest tariff 💫announcement roiled markets. 

The leading cryptocurrency recently changed hands a bit above $83,000, dropping from near $88,000 just before Trump unveil𒈔ed the trade policies late this afternoon.  

Trump formally announced reciprocal tariffs that hit a broad swath of countries, including a range of large U.S. trading partners. Stocks had risen during the day, but many were hard hit 澳洲幸运5官方开奖结果体彩网:in after-hours action

Risk assets in particular pulled back, with the "QQQ" ETF tracking the tech-🦩focused Nasdaq 100 index retreati🍷ng some 4%.

Several crypto-related stocks also fell in after-hours trading. Strategy (MSTR), the big bitcoin buyer formerly known as MicroStrategy, was recently down about 7%. Crypto exchange Coinbase Global (COIN) fell 6%, while Robinhood (HOOD) dropped about 9%.

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