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The Defiant 2025-03-04 19:44:09

Crypto Markets Bounce as Trump’s Tariffs Take Effect

Crypto markets started Tuesday deeply in the red after U.S. President Trump’s trade tariffs against Canada, Mexico, and China went into effect at midnight. However, digital assets staged a rebound later in the day, buoyed by bullish price action across global stock markets, especially the tech-heavy Nasdaq, which is up 0.7% on the day after plunging as much as 2% shortly after the open. Bitcoin rebounded above $88,000 after trading as low as $81,400. Ether briefly traded under $2,000 for the first time since November 2023. XRP gained 3%, while SOL is down 2% in the past 24 hours. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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