Renewed trade war, coupled with mass deportations, could add to inflation. BTC's weakness likely reflects those fears.
BTC trades weak for third consecutive day, offering risk-off cues to traditional markets.Renewed trade war plus mass deportations of illegal migrants is seen injecting inflation into the global economy.
Bitcoin , the leading cryptocurrency by market value and the only macro asset open for trading over the weekend, held below $100,000, trading weak for the third straight day, asa 25% tariff on Canadian and Mexican imports and 10% on goods from China. China said it would file a case against the U.S. at the World Trade Organization while vowing unspecified countermeasures to safeguard its interests., weakening the case for speedy Fed rate cuts.
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