Bitcoin Slips For Third Consecutive Day as Canada's Trudeau Retaliates to Trump's Tariffs

The renewed trade war and geopolitical tensions are clearly weighing on financial markets, including Bitcoin, which has increasingly behaved like a macro-sensitive asset. The imposition of retaliatory tariffs by Canada and Mexico, combined with China’s legal challenge, signals escalating economic friction that could stoke inflation. This, in turn, complicates the Federal Reserve’s ability to cut interest rates, keeping risk assets under pressure.

Bitcoin’s drop below $100,000—while still a psychological level—suggests investors are cautious, treating it more like a high-risk investment than a safe haven. The broader crypto market’s decline reinforces this risk-off sentiment. However, if inflation concerns persist, BTC’s long-term narrative as an inflation hedge might regain traction. For now, uncertainty rules, and market participants will likely remain reactive to further developments in trade policies and central bank moves. Show Less

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