Bitcoin Holds Steady as U.S. Stocks React to Trump’s Tariff Announcement
Bitcoin remained relatively stable despite recent sharp losses, while U.S. stock market futures trimmed early gains following President Donald Trump’s latest tariff statements.
Initially poised for a strong start, U.S. equities reacted to Trump’s Truth Social post, in which he announced that tariffs on Mexico and Canada would begin on March 4, alongside an additional 10% tariff on China. This was a shift from his cabinet meeting remarks a day prior, which suggested an April start.
Nasdaq 100 futures, up more than 1% earlier, pared gains to around 0.6%, while S&P 500 futures turned flat and Dow futures dipped into negative territory. Meanwhile, the U.S. dollar index surged 0.5% in response to the news.
In contrast, crypto markets—already facing significant downside pressure in recent weeks—remained relatively unmoved. Bitcoin (BTC) held near $85,600, showing little reaction to the latest tariff-driven volatility in traditional markets.
