acumuleitor
--
$BTC Bitcoin price today: drops to $76,000 with trade war and Strategy's losses
Bitcoin fell sharply on Wednesday, almost undoing a recent recovery, after high tariffs from U.S. President Donald Trump went into effect, causing widespread losses in financial markets.
Sentiment towards Bitcoin was also shaken by the fact that Michael Saylor's Strategy - the largest publicly listed holder of Bitcoin - reported an unrealized loss of $5.91 billion on its digital asset holdings.
The losses in Bitcoin extended to the broader cryptocurrency markets, following steep declines in risk markets as sentiment deteriorated amidst an impending global trade war. Trump's so-called reciprocal tariffs went into effect on Wednesday, provoking outrage and threats of retaliation from several major economies.
Bitcoin fell 4.2% to $76,523.5 by 05:41 (Brasília time), after sinking to $74,600. Sentiment towards Bitcoin was also shaken by the formation of a "death cross" - a bearish technical indicator - earlier this week.
Bitcoin fell sharply on Wednesday, almost undoing a recent recovery, after high tariffs from U.S. President Donald Trump went into effect, causing widespread losses in financial markets.
Sentiment towards Bitcoin was also shaken by the fact that Michael Saylor's Strategy - the largest publicly listed holder of Bitcoin - reported an unrealized loss of $5.91 billion on its digital asset holdings.
The losses in Bitcoin extended to the broader cryptocurrency markets, following steep declines in risk markets as sentiment deteriorated amidst an impending global trade war. Trump's so-called reciprocal tariffs went into effect on Wednesday, provoking outrage and threats of retaliation from several major economies.
Bitcoin fell 4.2% to $76,523.5 by 05:41 (Brasília time), after sinking to $74,600. Sentiment towards Bitcoin was also shaken by the formation of a "death cross" - a bearish technical indicator - earlier this week.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
0