What’s happening with the Bitcoin price amid the Trump tariff market panic?
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The Bitcoin (CRYPTO: BTC) price is down 5.3% since this time yesterday.
The world’s original and biggest crypto is currently trading for US$75,789, according to data from CoinMarketCap.
That sees the Bitcoin price down 10.6% since 2 April, when US President Donald Trump roiled global markets with his sweeping tariff announcement.
Still broadly perceived as more of a risk asset than a haven asset like gold, Bitcoin has tumbled significantly further than the 6.7% losses posted by the S&P/ASX 200 Index (ASX: XJO) since 2 April.
Headwinds and tailwinds from the White House
The majority of cryptocurrencies received a strong boost when Trump was re-elected to the White House.
Unlike former US President Joe Biden’s…
