Bitcoin Resilient as Wall Street Stumbles on Trump’s Latest Tariff Warning

Bitcoin Steadies as Trump’s Tariff Announcement Jolts Traditional Markets

Bitcoin held firm despite recent declines, while U.S. stock futures lost momentum following President Donald Trump’s unexpected tariff update.

Trump’s Truth Social post confirmed that tariffs on Mexico and Canada would take effect on March 4, alongside a 10% tariff on Chinese imports. This came as a surprise after his earlier remarks suggested an April timeline.

Nasdaq 100 futures, which had been up over 1%, pared gains to 0.6%, S&P 500 futures flattened, and Dow futures turned negative. The U.S. dollar index spiked 0.5% in response.

Crypto markets, which had already suffered steep losses in recent sessions, remained mostly unfazed. Bitcoin (BTC) hovered around $85,600, showing resilience amid broader market volatility.