US economy worries torpedo Trump crypto surge as Bitcoin sinks to $86,000 – DL News
- After pumping in the wake of US President Trump’s surprise strategic reserve announcement Sunday, Bitcoin was back firmly below $90,000.
- Manufacturing data released Monday added to worries about the US economy.
Worries about the US economy along with looming tariffs torpedoed the surprise crypto rally.
Bitcoin surged following US President Donald Trump’s announcement on Sunday that his working group around digital assets would be pursuing a strategic reserve of Bitcoin, Ethereum, Cardano, Solana, and XRP.
However, after going from around $85,200 Sunday to $94,700 in the early Monday hours, Bitcoin had wholly retraced that move.
It‘s down 7.8% this year and is now trading around $86,233.
Ethereum, after pumping to around $2,550, had…
