Bitcoin and other cryptocurrencies dropped on Thursday alongside the broader market, giving back much of Wednesday’s historic gains, according to CNBC. Bitcoin fell over 3% to nearly $79,000, while Ether and Solana declined. The S&P 500 also fell more than 3%, with Coinbase sliding 4% and bitcoin proxy Strategy down 8%. Investors are increasingly concerned that President Donald Trump’s paused tariffs may not prevent broader economic fallout, especially as higher rates remain in place for China.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bitcoin and other cryptocurrencies dropped on Thursday along the broader market,
00:06giving back much of Wednesday's historic gains, according to CNBC.
00:10Bitcoin fell over 3%, nearly $79,000, while Ether and Solana declined.
00:15The S&P 500 also fell more than 3%, with Coinbase sliding 4%,
00:18and Bitcoin proxy strategy down 8%.
00:21Messers are increasingly concerned that President Donald Trump's paused tariffs
00:24may now prevent broader economic fallout, especially as higher rates remain.
00:28For all things money, visit Benzinga.com slash GSTV.