Bitcoin Steadies as Trump’s Tariff Announcement Rattles Traditional Markets
Bitcoin remained relatively unchanged despite renewed market volatility, while U.S. stock futures pared early gains after President Donald Trump unexpectedly moved up his tariff timeline.
In a Truth Social post, Trump announced that tariffs on Mexico and Canada would take effect on March 4, alongside a 10% tariff on China—contradicting prior expectations of an April rollout.
Following the news, Nasdaq 100 futures trimmed gains from over 1% to 0.6%, S&P 500 futures flattened, and Dow futures slipped into negative territory. Meanwhile, the U.S. dollar index surged 0.5%.
Crypto markets, having already endured significant declines this week, remained steady. Bitcoin (BTC) hovered near $85,600, showing resilience amid broader economic uncertainty.
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