BTC price slides down $ 100k while Canada’s Trudeau retaliates with Trump’s tariffs
The Bitcoin (BTC), the leading cryptocurrency by market value and the only macro asset open for trading on the weekend is slipped below $ 100,000 as Canada joined Mexico In the announcement of the tariffs of importing revenge against the United States.
Prime Minister Justin Trudeau said President Donald Trump imposed A 25% tariff in Canada and Mexican import and 10% in goods from China. China said it would file a case against the US at the World Trade Organization while the vow was unspecified countermeasures to protect its interests.
The revised trade war, in conjunction with mass deportations of illegal migrants from the US, can add to inflationweakening case for rapid reduction in Fed rate. BTC price weakness is likely to reflect these concerns and offer risk-off clues to traditional risky properties. The Crypto market has followed BTC lower, with the CoinDesk 20 index falling to 2%.
