The crypto market experienced a downturn following the introduction of new US tariffs by the Trump administration. On February 27th, Bitcoin’s price plummeted over 4% globally, reaching its lowest point since November, trading at $84,940. Market analysts attribute this selling pressure to President Trump’s announcement of 25% tariffs on imports from the EU. This move has seemingly triggered investor uncertainty and a subsequent sell-off in the cryptocurrency sector. While facing this global pressure, Bitcoin on Indian exchanges trades higher, around $89,345.
Crypto Price Today: Bitcoin Falls to $84,900 Following Trump’s Tariff Announcement on EU Imports
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Crypto Price Today: Bitcoin Falls to $84,900 Following Trump’s Tariff Announcement on EU Imports
The crypto market experienced a downturn following the introduction of new US tariffs by the Trump administration. On February 27th, Bitcoin’s price plummeted over 4% globally, reaching its lowest point since November, trading at $84,940. Market analysts attribute this selling pressure to President Trump’s announcement of 25% tariffs on imports from the EU. This move has seemingly triggered investor uncertainty and a subsequent sell-off in the cryptocurrency sector. While facing this global pressure, Bitcoin on Indian exchanges trades higher, around $89,345.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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