Bitcoin Sheds Nearly 5% As Concerns About Trump Tariffs Spook Markets

(MENAFN- Investor Brand Network) Bitcoin slid earlier in the week, briefly dropping nearly 5% to trade under $65,000 after President Donald Trump said he intends to lift global tariff rates to 15%.

While cryptos struggled, traditional safe-haven assets gained ground. Spot gold rose more than 1%, underscoring the divergence between bullion and Bitcoin. The losses being witnessed in the crypto market could impact the revenue forecasts of many companies like Canaan Inc. (NASDAQ: CAN) since...

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