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Bitcoin tumbles 9%, reversing most of the rally from Trump's crypto reserve announcement - TL;DR CNBC

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=HOODXRP.CM=ADA.CM=BTC.CM=COINETH.CM=MSTR

Keywords: donald trumprobinhood markets incdonald j. trumpbitcoinripple/usd coin metricsbreaking news: investingbreaking news: marketscoinbase global incbitcoin/usd coin metricssolana/usd coin metricsmicrostrategy inctechnologymarketsinvestment strategyunited statesethereum/usd coin metricscardano/usd coin metricsbusiness newscryptocurrency

Source: https://www.cnbc.com/2025/03/03/crypto-market-today.html


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