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Trump's tariffs send shockwaves through global markets, dragging down Bitcoin priceThe Trump administration's imposition of tariffs on Canada and Mexico triggered risk-averse sentiment in global markets, leading to a decline in the price of Bitcoin and other cryptocurrencies. Naeem Aslam, an analyst at Zaye Capital Markets, noted that the announcement sent shockwaves through the market as it signaled further potential disruptions to global trade and supply chains

Powell's Remarks Send Shockwaves Through Markets: US Stocks, Gold, and Bitcoin Plunge Amid Renewed Inflation FearsFederal Reserve Chairman Jerome Powell's remarks last night cast a shadow over financial markets, triggering volatility and causing a short-term surge in the US dollar index. Spot gold prices extended their decline, US equities accelerated their downward trajectory in late trading, and Bitcoin experienced a sudden sharp drop, resulting in widespread losses across asset classes