Bitcoin suffers steep decline as tariff war tensions rise: Report

Feb 3, 2025 - 14:31
Bitcoin suffers steep decline as tariff war tensions rise: Report

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Major cryptocurrencies, including Bitcoin and ether, experienced sharp declines on Monday amid rising tariff tensions led by US President Donald Trump’s import levies on Canada, Mexico, and China. Bitcoin hit a three-week low, while ether saw its steepest drop since September. Analysts warn of further market volatility and potential economic slowdown.

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