Bitcoin extended its recent retreat Thursday, with the price of the leading cryptocurrency falling in the wake of President Donald Trump's latest tariff announcement.
President Donald Trump's latest tariff announcement has seen Bitcoin extend its recent fall.
Bitcoin dropped to levels just above $82,000 following the late-Wednesday news of new tariffs that shook global markets and saw interest in risk assets erode.
The news also saw crypto-related stocks come under pressure. Strategy (MSTR), the Bitcoin buyer that recently changed its name from MicroStrategy, was seen down more than 7%. Coinbase Global (COIN) fell close to 7%, and Robinhood Markets (HOOD) slipped about 9%.
Crypto mining company Mara Holdings (MARA) was also seen falling more than 8%.
Bitcoin's pullback sees it extend a slide from six-digit prices last seen in February after a runup was driven by optimism about cryptocurrency in the wake of Trump's election win.
The total market cap of cryptocurrency, recently around $2.6 trillion, has seen a decline of some 6% over the past 24 hours, according to CoinMarketCap data.
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