After a difficult start to the week that saw Bitcoin (BTC) fall below $98,000, the cryptocurrency managed a recovery, rising above $106,000 and nearing its previous record high of $109,000. However, this rally faltered late Thursday when President Trump reiterated his plan to impose a 25% tariff on Mexico and Canada starting February 1, citing concerns over immigration, drugs, and subsidies. The announcement caused a sell-off in risk assets, with stocks retracting from earlier gains, and Bitcoin dipping back down to around $104,800.
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