#USCryptoReserve #MarketPullback #BTCDipOrRebound
Major U-Turn in Crypto Markets Sends Bitcoin Back Below $87K
The U.S. stock market has turned lower as well ahead of coming tariffs against major trade partners.
Bitcoin is trading $87,600, now barely higher than its level prior to Trump's Sunday crypto reserve posting.
Ether has more than given up its Sunday gains, hitting a new five-year low relative to bitcoin.
U.S. stocks have turned solidly lower as investors mull coming tariffs against Mexico, Canada and China.
Sunday's Trump bump in crypto has mostly vanished nearly as quickly as it appeared.
In mid-afternoon U.S. action, bitcoin (BTC) is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve.