Bitcoin dropped below $85,000 as concerns over US trade policies affected market sentiment, with altcoins such as Ethereum, XRP, and Solana falling by up to 7% in Thursday’s trading.
US President Donald Trump contributed to the uncertainty surrounding upcoming tariffs on Canada and Mexico, suggesting they could be implemented by April 2, extending the deadline by a month. However, a White House official later clarified that the original March 2 deadline was still in effect “as of this moment,” increasing market volatility.