Bitcoin Price (BTC) lower after Mexico, Canada, China tariffs



It is Dej Vu again in Crypto after the White House refuted an applicant report on a tariff delay.

To review, President Trump promised on Thursday to impose 25% tariffs in Mexico and Canada from Saturday, February 1. Having recovered more than $ 106,000 before that news, Bitcoin (BTC) quickly reversed 2% lower at around $ 104,000. The US actions renounced a part of the previous profits, although the session in the green still finished.

Then, on Friday he brought a Reuters report that suggests that tariffs would be delayed until March 1, since a process was established to allow countries to seek exemptions for certain exports.

However, the White House called that “false” report, with Trump’s press secretary, Karoline Leavitt minutes ago, telling journalists that tariffs, including a 10% tax in China, will enter into force tomorrow.

Similar to Thursday, Bitcoin had previously risen above $ 106,000 and seemed to be established in a challenge of a new record exceeding $ 109,000. However, the news of rates once again sent lower prices, with Bitcoin quoting a little below $ 103,000 at the time of publication, 2.3% less in the last 24 hours.

The broader Coindesk 20 index was out of 1.3% during the same period of time, exceeding mainly due to Ether’s advance (ETH) 1.2%.

A control of traditional markets finds US actions still modestly higher, but accommodating their best levels of the session.



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