Bitcoin Hits 3.5-Month Low on Tariff Fears — Market Talk

Bitcoin falls to a three-and-a-half-month low as fresh concerns over U.S. tariffs dent risk appetite. President Trump said Thursday he would press ahead with a 25% tariff on Canadian and Mexican imports on March 4 and impose an additional 10% tariff on Chinese goods. Risk aversion and significant outflows from bitcoin-backed exchange traded funds have intensified selling pressure, Zaye Capital Markets analyst Naeem Aslam says in a note. The recent ByBit crypto exchange hack has also shaken confidence, he says. "Investors are advised to monitor these developments closely, as ongoing macroeconomic policies and security issues within the cryptocurrency space may continue to impact Bitcoin's volatility in the near term." Bitcoin falls to a low of $78,813, according to LSEG. ([email protected])