As of March 4, 2025, Bitcoin (BTC) is trading at approximately $83,585, reflecting an 8.98% decrease from the previous close. This decline follows a recent surge to $93,738 on March 2, spurred by President Donald Trump’s announcement of a U.S. Crypto Strategic Reserve, which initially boosted market confidence. 

The current downturn aligns with broader market trends, as new tariffs imposed by the Trump administration on Canada, Mexico, and China have heightened global trade tensions, leading to declines in major stock indices and increased risk aversion among investors. 

Given these developments, Bitcoin’s price may experience further volatility in the short term. Investors are advised to monitor geopolitical events closely and exercise caution in their investment strategies.