After Trump announced the increase in tariffs, Bitcoin briefly dropped and then rebounded

LootboxPhobia · 2026-02-21T18:24:22+00:00

After Trump announced an increase in global tariffs to 15%, Bitcoin briefly declined but quickly rebounded, rising a total of 0.7%. Traders are monitoring Bitcoin market trends to predict the impact of the new policy on the market.

LootboxPhobia

2026-02-21 18:24:22

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Investing.com - After U.S. President Donald Trump announced he would raise the temporary global tariff rate to 15% on Saturday, Bitcoin briefly declined but then rebounded later in the trading session as prices stabilized.

Despite the dip, this major cryptocurrency still rose by 0.7%.

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Traders are monitoring the Bitcoin market around the clock for clues on how most markets will respond to the new tariff policy later this weekend and when markets open on Monday.

The world’s largest cryptocurrency immediately declined following the announcement, reflecting volatility in risk assets after policy news was released. Bitcoin then narrowed its decline and turned higher, with trading prices returning to earlier levels.

On Saturday, Trump stated he plans to increase the temporary tariffs applicable to all imported goods from 10% to 15%, following the U.S. Supreme Court ruling that part of his emergency tariff plan was unconstitutional.

Trump wrote on Truth Social: “I… will… raise the 10% global tariff… to the fully permitted… 15% level.”

This article was translated with the assistance of artificial intelligence. For more information, see our Terms of Use.

BTC0,06%

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