Crypto prices today: Bitcoin tops $84k ahead of US tariffs, altcoins trade mixed
Markets are bracing for details of new reciprocal tariffs set to be unveiled at 1:30 a.m. IST, which could take effect immediately. Trump has already imposed tariffs on aluminum, steel, and autos, alongside increased duties on Chinese imports—moves that have rattled financial markets amid fears of an economic slowdown.
As of 11:23 AM IST, Bitcoin was trading at $84,196, up 1.3% in the last 24 hours, while Ethereum gained 1.1% to $1,862. The overall cryptocurrency market capitalization rose 0.46% to $2.7 trillion.
«Trump’s tariff announcement could significantly impact crypto market momentum. The heightened uncertainty in global financial markets has increased Bitcoin’s correlation with traditional assets. BTC is currently below $85,000 as some investors shift toward traditional assets to hedge against the effects of a trade war,» said Shivam Thakral, CEO of BuyUcoin.
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The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Alankar Saxena, Co-founder and CTO of Mudrex, noted, «Bitcoin’s RSI has rebounded from oversold levels, suggesting further upside if momentum continues. However,
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