Bitcoin Falls as Trade War Worries Weigh
March 4, 2025
Bitcoin was falling as global trade war fears weigh on risky assets.
U.S. President Donald Trump imposed 25% tariffs on Canadian and Mexican imports along with an additional 10% levy on Chinese goods Tuesday.
The news dented risk appetite and prompted bitcoin to retrace the previous day’s gains after Trump announced plans for a U.S. cryptocurrency strategic reserve. Trump said the reserve would include bitcoin, ethereum and lesser-traded tokens.
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