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Uyen Nguyen
@uyennguyen
Bitcoin holds firm while traditional markets bleed from Trump tariffs Tradfi markets have experienced a sharp downturn over the past two days following President Donald Trump's announcement of reciprocal worldwide tariffs, triggering a widespread selloff. The Dow, Nasdaq and S&P 500 had their worst single-day performances and overall weeks since the summer of 2020, reflecting broader risk-off sentiment. Several Bitcoin BTC -0.60% mining stocks fell as much as 15% on Thursday, while spot Bitcoin ETFs saw nearly $100 million in net outflows. Altcoins have been hit harder than Bitcoin during the downturn, a trend Injective CEO Eric Chen attributes to Bitcoin’s evolving market structure post-ETF approval.
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