TechFlow news, on February 28, according to CoinDesk, Bitcoin (BTC) fell below its 200-day simple moving average during Friday's Asian trading session, widening its weekly decline to 16%. Amid renewed concerns over U.S. tariff policies boosting demand for the dollar, Bitcoin briefly dropped below the $80,000 mark—the first time since November 10.
On Thursday, U.S. President Trump announced plans to impose tariffs on Canada and Mexico starting March 4, while also doubling the existing 10% blanket tariff on Chinese imports. In a client report released Thursday, ING stated, "We expect U.S. tariffs to regain focus and drive sustained strength in the dollar." The dollar index rose to 107.30, continuing its rebound from the low near 106.15 seen on Wednesday.
