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Donald Trump’s trade-war fallout has lobbed about $4,553, or 5.5%, off the price of Bitcoin so far, as markets swing aggressively and billionaires call on the president to pause his tariffs.

Bitcoin slipped below $77,900 midday on Monday, down from $82,400 on Thursday. (Trump formally announced his “ reciprocal tariffs ” on Wednesday after market close.) Relative to major indices, the price of the leading cryptocurrency had held relatively steady until Sunday as global markets plunged.

The second-leading token, Ether, has fared even worse since Trump’s tariffs announcements last week — plummeting about 13.7% since Thursday to $1,545.77. Over the same period, Ripple’s cryptocurrency XRP fell about 7.7% to $1.86.

So far, the crypto market’s reaction reflects the extent to which the price dips of leading tokens are linked to bad global markets news.

As for where the two overlap: Coinbase ( COIN ) and MicroStrategy ( MSTR ) fell 4% and 10.9%, respectively, midday Monday. Likewise, Bitcoin mining stocks sank more than 10% on Monday as the hashprice — a measure of mining revenue — fell to $42.40, per CoinDesk .

Since the beginning of the year, Bitcoin and Ether have fallen roughly 16.7% and 20%, respectively.

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