Bitcoin slides to $81,000 as Trump tariffs jolt stock market
Published on: 2025-05-15 22:25:33
Bitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump's big tariffs reveal jolted the stock market.
The price of the flagship cryptocurrency was last 5% lower at $81,479.77, according to Coin Metrics. Ether fell 7% and the token tied to Solana dropped 13%.
Meanwhile, stocks cratered, with the broad market S&P 500 on track for its worst day since September 2022. Shares of Coinbase and MicroStrategy lost 9% and 7%, respectively.
Investors were rattled after Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, intensifying fears of a global trade war.
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