Bitcoin prices continued to fall from record highs to hover around £68,496 ($86,661) on 25th February as the crypto market witnessed massive liquidations after US President Donald Trump reaffirmed his plans to impose 25% US import tariffs on Canada and Mexico after a 30-day delay.
Bitcoin prices retreated over 11% in the past five days. Trump's tariff plan will likely take effect next week, renewing volatility in global markets. Traders fear that fresh trade wars with multiple nations could translate to more stringent regulations, reduced liquidity, and heightened volatility in traditional and digital assets.
