Bitcoin tumbles 9%, reversing most of the rally from Trump's crypto reserve announcement
Publishing timestamp: 2025-03-03 12:29:44
Summary
Bitcoin rally fades as traders worry about proposed tariffs overshadowing excitement about Trump's announcement of U.S. strategic crypto reserve. Market reacts negatively, with Bitcoin and Ether prices dropping. Trump's announcement not enough to pull Bitcoin out of consolidation phase. Investors await more details on crypto reserve plans at upcoming White House Crypto Summit. Ether starting to outperform Bitcoin.
Sentiment: MIXED
Tickers: SOL.CM=, HOOD, XRP.CM=, ADA.CM=, BTC.CM=, COIN, ETH.CM=, MSTR,
Keywords: donald trump, robinhood markets inc, donald j. trump, bitcoin, ripple/usd coin metrics, breaking news: investing, breaking news: markets, coinbase global inc, bitcoin/usd coin metrics, solana/usd coin metrics, microstrategy inc, technology, markets, investment strategy, united states, ethereum/usd coin metrics, cardano/usd coin metrics, business news, cryptocurrency,
Source: https://www.cnbc.com/2025/03/03/crypto-market-today.html