BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs

BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs



ab74ed2fe03f5f10642fc0380c8593e719cd03cc-1280x853 BTC Price Slips Below $100K as Canada's Trudeau Retaliates to Trump's Tariffs

Bitcoin (BTC), the leading cryptocurrency by market value and the only macro asset open for trading over the weekend, held below $100,000, trading weak for the third straight day, as Canada joined Mexico in announcing retaliatory import tariffs against the United States.

Prime Minister Justin Trudeau said Canada would impose 25% tariffs on U.S. goods, from drinks to appliances, after President Donald Trump imposed a 25% tariff on Canadian and Mexican imports and 10% on goods from China. China said it would file a case against the U.S. at the World Trade Organization while vowing unspecified countermeasures to safeguard its interests.

The renewed trade war, coupled with mass deportations of illegal migrants from the U.S., could add to inflation, weakening the case for speedy Fed rate cuts. BTC’s price weakness likely reflects these concerns and offers risk-off cues to traditional risky assets. The broader crypto market followed BTC lower, with the CoinDesk 20 Index falling over 2%.





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no_profile BTC Price Slips Below $100K as Canada's Trudeau Retaliates to Trump's Tariffs
Author: mgrdm

BTC Price Slips Below 0K as Canada’s Trudeau Retaliates to Trump’s Tariffs
BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs

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