Bitcoin and Ether tumbled in early trading on Monday following President Trump’s announcement of import tariffs. Bitcoin by 2% to nearly $95,000 Monday while ether plunged 12% to nearly $2,600. Shares of crypto-exposed companies Coinbase and MicroStrategy fell around 5% in premarket trading. Analysts cited uncertainty and the risk of a trade war for the decline. Some noted that Bitcoin’s long-term prospects remain positive, with $90,000 as a key support level. However, further short-term volatility is expected.
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00:00It's Benzinga bringing Wall Street to mainstream. Bitcoin and Ether tumbled in early trading on
00:04Monday following President Trump's announcement of import tariffs. Bitcoin by 2% to nearly $95,000
00:10Monday, while Ether plunged 12% to nearly $2,600. Shares of crypto-exposed companies Coinbase and
00:17MicroStrategy fell around 5% in pre-market trading. Analysts cited uncertainty and the
00:22risk of a trade war for the decline. Some noted that Bitcoin's long-term prospects remained
00:27with $90,000 seen as a key support level. However, further short-term volatility is expected.