Bitcoin (BTC) had a rocky start to the week, dropping below $98,000, but made a recovery, climbing back above $106,000 and approaching its all-time high of $109,000. However, this upward momentum came to a halt on Thursday after President Trump confirmed his plans to impose a 25% tariff on Mexico and Canada, effective February 1. The announcement, focused on immigration, drug trafficking, and subsidies, caused a negative reaction across risk assets, with stock markets pulling back and Bitcoin falling back to $104,800.
Bitcoin’s Record-Breaking Rally Hits a Roadblock as Trump’s Tariff Threat Affects Risk Markets.
