Trump's Tariff Tsunami Wipes Out $500M+ in Crypto as Bitcoin Retreats to $83K

03/04/2025 5 min

Listen "Trump's Tariff Tsunami Wipes Out $500M+ in Crypto as Bitcoin Retreats to $83K"

Episode Synopsis

TLDR:Bitcoin dropped to $83K following Trump's tariff announcements, with over $500M in crypto positions liquidatedSenator Cruz introduced the FLARE Act offering tax incentives for Bitcoin miners using stranded natural gasJapanese gaming firm Enish is adding $667K worth of Bitcoin to its balance sheetJupiter acquired DRiP Haus in an all-cash deal, expanding into NFTsShrapnel became the first licensed Web3 game in China, accessing a $95B marketDogecoin, Shiba Inu, and Solana are showing consolidation patterns with tightening price actionMarket analysts warn of potential further downside for Ethereum amid macro pressures