Bitcoin falls below $100K following Donald Trump imposing import tariffs
Bitcoin has dropped below $100,000 for the first time since Jan. 27 following Donald Trump imposing import tariffs on goods from China, Canada, and Mexico — which triggered immediate responses from the three countries.
Bitcoin (BTC) has dropped below $100,000 for the first time in six days following US President Donald Trump signing an executive order to impose import tariffs on goods from China, Canada, and Mexico.
The imposed tariffs have already triggered retaliation from the three countries, and the crypto industry is divided on how this will affect the broader market.
According to a Feb. 1 statement from the White House, “Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff.”
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Author: Ciaran Lyons
