Bitcoin price dips below $83K as Trump tariffs take effect

The price of Bitcoin fell below $ 83,000 while merchants reacted to the confirmation of President Donald Trump that the new prices in Canada and Mexico will take effect on March 4.

The main cryptocurrency is down 10% on Tuesday, March 4, according to the price tracker On Crypto.News, reversing his weekend rally after Trump’s announcement by an American strategic cryptography reserve. The feeling of investors quickly moved after Trump reaffirmed 25% tariffs, triggering a major sale in the financial markets.

The Dow Jones erased A gain of 300 points to lower more than 1,100 points, while the S&P 500 lost $ 1.5 billion of market capitalization. Bitcoin (BTC), who had crowded At $ 95,000 during the weekend, rest in consolidation. Analysts had warned that the news of the crypto reserve lacked immediate impact and that macroeconomic risks could weigh heavier.

The wider market of cryptography has also suffered. Ethereum (Ethn) plunged from 15% to $ 2,067, marking his first drop Below $ 2,100 in 15 months. Actions related to crypto, including Coinbase (-4.6%) and Robinhood (-6.4%), have reversed the previous gains.

Meanwhile, $ 1.02 billion in future crypto have been liquidated in the past 24 hours, with $ 925 million in long positions, according to Corclass, $ 925 million data.

Despite the correction, the co-founder of Bitmex, Arthur Hayes, believes that Bitcoin will overflow before the traditional markets and direct the recovery while the American stock market finds its soil. In its substitution of March 4 articleHe highlighted the drop in the liquidity of the US treasury as a bullish sign, although he warned that the BTC could briefly test $ 70,000 if risk assets continue to sell.

Hayes maintains that Bitcoin is still in a long -term bullish cycle, expecting that it ultimately exceeds $ 1 million.