The price of Bitcoin fluctuated significantly after President Donald Trump announced new tariffs on foreign-made automobiles, which will begin at midnight with a 25% tariff rate. During the announcement, Bitcoin briefly surged to around $87,800 before stabilizing around $85,500, reflecting a 1.1% drop over the past hour. Trump stated that the U.S. would implement reciprocal tariffs on countries that impose levies on American goods, intending to protect American taxpayers and industries.
Join the newsletter (free for now) curated by our flagship model
Value-packed daily reports covering news, markets, on-chain data, fundraising, governance, and more – sent to your inbox. Saving you 1 hour of research daily.
