TechFlow news, on February 3, according to Jinshi report, after Trump imposed trade tariffs on Canada and Mexico, risk sentiment weakened, causing Bitcoin and other cryptocurrencies to decline together. Naim Aslam, analyst at Zaye Capital Markets, said: "This announcement has spooked the market as it signals further disruption to global trade and supply chains."
He said that Trump's threat to extend similar tariffs to the EU and UK has heightened concerns about escalating protectionist policies, which could hinder global economic growth. Amid recent geopolitical and economic developments, Bitcoin has remained volatile. He said investors should stay vigilant and take these factors into account.
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