The price of Bitcoin fell 6% to $ 87,000, only 24 hours after President Trump announced a strategic cryptography reserve in Truth Social, after a brief increase to $ 94,000 on March 2, 2025.
This decrease occurs in the midst of the growing market concerns linked to the commercial tariffs of President Donald Trump, which will begin on Tuesday, March 4, 2025, against Canada, Mexico and China.
The cryptographic market, which saw an 8% drop in the last 24 hours, reflects the wider nerves of the market, with actions such as Dow, S&P 500 and Nasdaq also low, and Nvidia falling more than 6% in the day, according to the reports of the financial markets.
This story is developed in the context of Trump’s recent announcement about Truth Social about the inclusion of Bitcoin and other crypts in the United States Crypto strategic reserve.
Bitcoin pressure: from $ 94,000 to $ 85,000
The price of Bitcoin rose to $ 94,000 on Sunday, March 2, 2025, after Trump’s announcement.
However, 24 hours after President Trump’s announcement, he had fallen to approximately $ 87,000, marking a 6% drop of $ 92,553.
Market concerns come from Trump’s planned commercial rates, which will begin on March 4, 2025, without being expected, aiming at Canada, Mexico and additional tariffs on China, according to the White House statements.
These tariffs could increase the cost of imported goods, which potentially leads to higher consumer prices and fuels concerns about future inflation, despite the fact that recent inflation data were in line with expectations, as noted in economic reports.
The market reaction suggests the anticipation of these pressures, with cryptography prices, including Bitcoin, feeling the pinch along with traditional markets.
African tariff imposition: broader performance of the encryption market
The 8% decrease in the cryptographic market in the last 24 hours saw other important assets appointed in the Trump Reserve Plan also falls.
Ethereum (ETH) fell to $ 2,192, 11%less, solana (sun) fell to $ 148, 11%lower, Ripple (XRP) is priced at $ 2.47, 11%lower and cardan (ADA) is $ 0.90, 11%lower.
Despite these daily falls, Cardano and Ripple have managed to remain in positive territory in the last seven days, with Cardano 24% and an increase of less than 1%.
The volatile market action led to futures position of $ 661 million in the last 24 hours, with $ 517 million in long positions, indicating that many merchants bet on price increases were surprised.
Coinglase data indicates that Bitcoin led with $ 220 million in liquidations, followed by Ethereum in $ 131 million, Solana, Ripple and Cardano constitute the rest of the first five.
Current market state: Bitcoin at $ 85,038
At the time of writing, the price of Bitcoin has decreased even more to $ 85,038, 8.21% less in the last 24 hours. This additional drop reflects the pressures and is aligned with the current market with the broader Crypto market limit that has fallen by 11%, erasing more than $ 342 million, at the time of writing this.
The current price of $ 85,038, in the context of the analysis, underlines the continuous market volatility and the rapid sale of the subsequent sale after the initial demonstration induced by Trump.
This recession of the cryptographic market is aligned with broader market trends, and the actions also feel the pressure of concerns related to the rate on potential inflation.
The Dow, S&P 500 and Nasdaq are low on Monday, with Nvidia, a upper AI stock, which falls more than 6% intrainamous.
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