Markets fell after Trump announced new tariffs. Meanwhile, his sons launched “American Bitcoin,” a mining venture, and Fidelity rolled out a crypto IRA to meet growing demand.

Bitcoin extended its recent retreat Thursday, with the price of the leading cryptocurrency falling in the wake of President Donald Trump's latest tariff announcement. Bitcoin slipped below $82,000 before edging just above that level after the late-Wednesday news of new tariffs that shook global markets and eroded investors' interest in risk

Bitcoin rose on Friday as U.S. stocks recorded the biggest two-day wipeout in history, showing signs of a potential divergence between the crypto asset and stocks, which have often moved in tandem.

This is a bearish scenario for American stock markets and the rest of the world’s trading participants," Sergei Gorev, head of risk at bitcoin and crypto platform YouHodler,

Contributor content. Bitcoin’s price today might serve as an early indicator of broader economic and financial trends within the digital asset market.

Cryptocurrency-linked stocks fell in the U.S. premarket trading hours as President Donald Trump unveiled his long-awaited plans for new tariffs on Wednesday. Trump detailed new tariffs that the U.S. is enacting on imports.