Bitcoin Clings to $83,000 after Trump Says Tariffs Will Start Next Week

Crypto markets dropped for a fourth day after U.S. President Donald Trump said on Thursday that his proposed 25% tariffs on imports from Canada and Mexico will take effect on March 4.

Bitcoin struggled to hold the $83,000 level on Wednesday after trading as high as $87,000 earlier in the day. ETH and XRP are flat on the day, while SOL gained 3.5% to $136. The overall crypto market capitalization is down 1.2% in the past 24 hours to $2.9 trillion, according to Coingecko.

Among the Top 100 digital assets, Story (IP), DeXe (DEXE) and Celestia (TIA) are today’s biggest losers, dropping by between 6% and 10%.

Meanwhile, Worldcoin (WLD) is today’s best performer with an 8% rally, followed by Stacks (STX) and Hyperliquid (HYPE), which gained 6.5%.

Nearly 133,000 leveraged traders were liquidated for a total of $409 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $220 million, while ETH made up $63 million.

The Bitcoin Fear and Greed Index indicates ‘Extreme Fear’ among market participants and has hit its lowest level since June 2022.