Recently, Bitcoin has experienced volatility due to the news of tariffs between the US and China, Mexico, and Canada. After Mexico retaliated against US tariffs, Bitcoin fell to $91,000, but it rose above $100,000 when Mexico's tariffs were halted. However, renewed trade tensions with China have caused Bitcoin to drop back down to $98,000. Analysts suggest that trade war concerns and market volatility could lead Bitcoin to fall below $90,000 in the short term. Ryan Lee, a Bitget Research Chief Analyst, believes that China's tariff decision could result in more volatility and decline in Bitcoin's value. James Wo, the founder and CEO of venture capital firm DFG, also noted that major economies imposing tariffs have historically caused market declines, potentially affecting Bitcoin. Despite the short-term bearish outlook, a potential trade war could accelerate the depreciation of the US dollar and increase global demand for Bitcoin as an alternative asset.



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