Bitcoin

This is part of a wider trend of de-globalization and trade protectionism, which historically increases inflation and currency volatility. For crypto, this creates a dual dynamic: short-term risk aversion (bearish) but longer-term demand for decentralized assets as a hedge against fiat debasement and policy-driven instability.

Trump threatens to hike tariffs on autos, and Carney vows to retaliate, escalating the US-Canada trade war.