Bitcoin hits three-month low
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 28 February 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: Fears are growing among bitcoin investors after the cryptocurrency’s price fell below the $80,000 threshold Friday. It comes after U.S. President Donald Trump’s latest tariff threats triggered a fresh flight from risk. Meanwhile, U.K. Prime Minister Sir Keir Starmer hopes that talks with President Trump at the White House have averted a trade war. Plus, we look at why Hungary has become a hot destination for movie-makers.
Transcript
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| 0:00.0 | Has the crypto rally stalled? |
| 0:03.9 | Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:08.6 | I'm Leanna Byrne. Good morning. |
| 0:10.6 | So it looks like the crypto rally is losing momentum. |
| 0:13.9 | Bitcoin has dipped below the $80,000 mark for the first time since November, |
| 0:18.8 | as investors pull back from riskier assets. |
| 0:21.9 | Let's find out what's going on with the BBC's Murikooi. Hello. |
| 0:25.5 | Hello. |
| 0:26.2 | So tell me why the big drop. |
| 0:28.9 | Well, that's the big question, isn't it? Because not long ago, we were talking about it hitting the record high. |
| 0:34.1 | You know, so passing above 100,000 and then it went actually all the way up to $109,000, |
| 0:40.1 | but it's trading below $80,000. Firstly, there was a hack attempt on one of the platform, |
| 0:47.9 | which kind of shook investors or traders' confidence, but also it's all about the trade war |
| 0:53.1 | that we've been talking about. President Trump |
| 0:55.2 | has been threatening or has been imposing some countries with tariffs. So we're talking about |
| 1:01.4 | Mexico and Canada. He said that those tariffs, the 25% tariffs that was paused, will go ahead |
| 1:08.0 | next week. Also, he announced additional 10% tariffs on China. That's on top of 10% |
| 1:14.0 | that he announced earlier this month. And of course, China retaliated as well. But he also |
| 1:19.7 | threatens imposed 25% tariffs on the EU. So all of that has been feeding into investors' concerns |
| 1:27.4 | about the global trade war. And as a |
| 1:30.2 | result, Bitcoin hasn't been doing as well as it used to. Of course, a lot of traders thought that |
| 1:36.3 | Mr. Trump would deregulate the industry. So we saw that an incredible rally of Bitcoin and |
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