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. The minimum baseline tariff will be 10%, and the highest rate for the latest round of tariffs is 49%.

Bitcoin (BTC-USD) swung between gains and losses on Wednesday, finally settling at $82.5K after the announcement. At the time of writing, it was trading at $83.6K.

The cryptocurrency stayed above the $80K mark. 

The stock index futures tumbled on Thursday, as Trump's reciprocal tariffs ignited fears of a potential global trade war.

Crypto-linked stocks, however, were down: MARA (NASDAQ:MARA) -5.9%, Riot Platforms (NASDAQ:RIOT) -5.4%, Coinbase Global (NASDAQ:COIN) -5%, Bitfarms (NASDAQ:BITF) -4.6%, CleanSpark (NASDAQ:CLSK) -6.4%, Bitdeer Technologies  (NASDAQ:BTDR) -3.6%, MicroStrategy (NASDAQ:MSTR) -4.1%, and HIVE Digital  (NASDAQ:HIVE) -6.2%.

Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.