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Bitcoin dropped in Tuesday’s trading, falling from its morning levels as investors continued their evaluation of Trump administration trade policies.
The leading cryptocurrency in terms of market capitalization was trading at around $77,000, its low for the morning and down from levels near $80,000 earlier today.
Several crypto stocks traded lower in the afternoon. MSTR, the bitcoin buyer software company that was formerly MicroStrategy has recently dropped by nearly 5%. Coinbase Global (COIN), a crypto exchange, was down by about 2%. Mara Holdings, a bitcoin mining company, fell more than 4%.
Bitcoin has fallen significantly this year. Investors have been cautious about risky assets due to uncertainty over tariffs and inflation.
Stocks were holding onto gains on Tuesday, but they were also below their previous highs. (Read Investopedia’s coverage of today’s trade here.
