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Stock impact report

Bitcoin clings to $80,000 as crypto markets are whipsawed by tariff turmoil [Fortune]

BIT Mining Limited ADS (BTCM) 
Company Research Source: Fortune
After tumbling to a low of $74,000 on Monday, Bitcoin reached above $82,000 on Friday, recouping 11% of its value within the span of a few days after Trump backed off a significant portion of his aggressive tariff policy—for now. Following Trump's announcement of a 90-day pause on some tariffs Wednesday, the rest of the crypto market also made a comeback this week. XRP rose 20% to $1.99 after falling to $1.66 on Monday, and Solana rose 23% to $120 after falling to $97. The industry's market cap has rebounded as well, growing to $2.59 trillion on Friday, up 10% after falling to $2.35 trillion on Monday. “Bitcoin has been highly volatile this week, driven by the back-and-forth around global tariffs,” Youwei Yang, chief economist at crypto mining company BIT Mining, told Fortune This week's initial downturn was brought on by fears about Trump's plan to impose sweeping levies on nearly all U.S trading partners, set to kick in on Wednesday. In response, investors rushed to dump vola Show less Read more
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