Bitcoin Mining Stocks Tumble Amid Trump's Tariff Impact

Shares of Bitcoin mining companies are experiencing a downturn following President Trump's tariff announcements. The proposed tariffs, including a 10% baseline on all imports and higher duties on countries like China (34%), are raising concerns about increased costs for mining equipment. American miners such as Hive Digital, CleanSpark, and Riot Platforms saw declines in their stock values. Core Scientific, Bitdeer, and MARA also experienced drops. The price of Bitcoin is currently around $82,330.48, with a 24-hour trading volume of $49.89 B. Market analysts are assessing the long-term impact of these tariffs on the cryptocurrency market.