The post Bitcoin Faces Major Decline Amid Economic Uncertainty and Trump’s Tariff Policy appeared on BitcoinEthereumNews.com.

In recent trading sessions, the US stock market has faced significant challenges, largely influenced by disappointing economic indicators and the ongoing ramifications of tariff policies initiated by former President Trump. All three major indices showed negative returns, with the Dow Jones plummeting by 2.37%, the S&P 500 declining by roughly 3.1%, the worst performance since September, and the Nasdaq slipping by 3.41%. This latest downturn marks a concerning trend, as market analysts note a drop exceeding 10% from its recent highs, indicating a correction phase for large-cap tech stocks, particularly NVIDIA and Tesla. The challenges are spilling over into the cryptocurrency market, where Bitcoin has recently suffered notable losses, dipping to a low of $80,000 after consistently breaking through critical support levels. The asset has experienced a dramatic nearly 12% decline over the past week, currently trading at $82,150. Ethereum and other major cryptocurrencies also faced intensified selling pressure as market sentiment deteriorated. As investors grapple with these developments, the focus shifts to upcoming US CPI and PPI data, set to play a crucial role in shaping the Federal Reserve’s monetary policy decisions on March 18th-19th. With market participants wary of ongoing uncertainty, caution prevails, particularly among risk assets. Source: https://en.coinotag.com/breakingnews/bitcoin-faces-major-decline-amid-economic-uncertainty-and-trumps-tariff-policy/

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Filed under: News - @ March 10, 2025 3:23 am