Bitcoin fell to around $80,000 in the Asian market on Friday, hitting its lowest level since November 11. Chris Newhouse, research director at Cumberland Labs, pointed out, "Tariff policies further dampened market prospects, while stubbornly high short-term inflation expectations intensified overall caution. The Bybit exchange hack added additional downward pressure on prices and had a negative impact on market sentiment." Cryptocurrencies also face greater pressure from investors' risk aversion, as they have withdrawn Trump-related trades in multiple markets. The S&P 500 index fell this week, with dismal U.S. consumer confidence data raising doubts about economic prospects.
Trump's tariff policy indirectly affects the crypto market
2025-02-28 18:02:57 Primitive Reading
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