Bitcoin slid to about $95,000 Sunday night into Monday morning, while a number of cryptocurrency-related stocks also sank in premarket trading as the market reacts to the potential impact of the new tariffs ro✤lled out by the Trump administration over the weekend.

Shares of crypto exchanges, mining companies, and others in the industry like Coinbase (COIN), Robinhood (HOOD), 澳洲幸运5官方开奖结果体彩网:MicroStrategy (MSTR), 澳洲幸运5官方开奖结果体彩网:Mara Holdings (MARA), and Riot Platforms (RIOT) each declined 5% or more Monday morning.

U.S. President Donald Trump implemented his long-threatened 澳洲幸运5官方开奖结果体彩网:tariffs on Saturday, placing new 25% tariffs on all goods from Canada and Mexico, and an additional 10% on everything coming from China. Each of the countries has 澳洲幸运5官方开奖结果体彩网:said they are planning to respon♔d, including with potent♕ial new tariffs of their own.

If tariffs have their 澳洲幸运5官方开奖结果体彩网:predicted impact of 澳洲幸运5官方开奖结果体彩网:raising prices, that 澳洲幸运5官方开奖结果体彩网:continued inflation could prevent the Federal Reserve from continuing to cut interest rates, hurting riskier, non-interest generating assets like Bitcoin (BTCUSD). Markets also seem pessimistic about the result of the tariffs, as 澳洲幸运5官方开奖结果体彩网:stock futures declined sharply early Monday.

Bitcoin and 澳洲幸运5官方开奖结果体彩网:some of the related stocks have rallied since Trump's election win in November, as the 澳洲幸运5官方开奖结果体彩网:industry expected a friendlier regulatory environment for 澳洲幸运5官方开奖结果体彩网:the crypto industry under the new president. Bitcoin peaked at 澳洲幸运5官方开奖结果体彩网:over $109,000 ahead of Trump's inauguratꦿion last month, but Monday would mark the asset's fourt𝔍h straight day of decline.