Bitcoin's price has fallen below the $100,000 mark, with a 24-hour loss of 2.55%. This decline comes amidst escalating trade tensions, as the United States has imposed tariffs on Canada, China, and Mexico. The global markets have been impacted by these developments, with Bitcoin's price being one of the affected assets.

The impact of trade wars on cryptocurrency markets is a complex issue. While some investors may view Bitcoin as a safe haven during times of economic uncertainty, others may be more cautious due to the volatile nature of the cryptocurrency market. The Wall Street Journal has reported that trade wars can lead to increased market volatility, which can affect the prices of cryptocurrencies like Bitcoin.

Canada has responded to the U.S. tariffs by imposing its own 25% tariffs on $155 billion worth of U.S. goods. This move is likely to further escalate trade tensions between the two countries, potentially leading to more market volatility. As a result, investors may be more cautious when it comes to investing in cryptocurrencies like Bitcoin.

It is important to note that the information provided in this article is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.