Bitcoin price has dropped by 7.5% in the past week to trade below £70,349 on 26th February for the first time in three months. US President Trump's reaffirmation to impose 25% import tariffs on Canada and Mexico as early as next week triggered a massive sell-off in traditional securities as well as digital assets.
Market participants fear impending trade wars between nations could lead to stricter cross-border regulations, a drop in liquidity, and increased volatility across global markets.
