$BTC The recent confirmation from President Trump that 25% tariffs on Canada and Mexico are "moving along very rapidly" has yet to generate a significant response from the respective currencies. However, with additional tariffs on steel, aluminium, semiconductors, and pharmaceuticals scheduled over the next two months, the risk of heightened financial market turbulence remains. Historically, Trump’s previous term saw the dollar weaken due to a lack of actual tariff implementation. This time, however, the administration has already enacted a 10% tariff on Chinese imports, with further increases on the horizon.

Bitcoin has experienced a dramatic drop of over 10% in less than two days, driven by a combination of profit-taking, concerns over regulatory crackdowns, and broader risk-off sentiment in financial markets. A wave of liquidations in leveraged positions further exacerbated the selloff, as traders rushed to exit amid heightened volatility. While long-term adoption trends remain intact, near-term pressures could keep Bitcoin volatile as investors reassess risk appetite.