Bitcoin’s price has been stable despite prior losses, as President Trump announced impending tariffs on Mexico, Canada, and China, which affected the U.S. stock market negatively. Following the news, major U.S. stock futures experienced declines, while Bitcoin’s price held steady at approximately $85,600.

The price of Bitcoin (BTC) remained stable following recent news regarding U.S. tariffs, despite previous sharp losses. President Trump clarified comments indicating that tariffs on Mexico, Canada, and China will take effect early next week, causing U.S. stocks to lose some of their gains. This announcement comes as U.S. markets were initially poised for strong openings. The upcoming tariffs are set to commence on March 4, impacting various sectors.

In summary, Bitcoin’s price has remained steady amidst rising tariff threats from President Trump, who announced the implementation of tariffs on Mexico, Canada, and an additional levy on China. U.S. stock futures experienced a reversal, with indices trimming earlier gains following the tariff news. The U.S. dollar index also rose, reflecting market reactions to the potential economic implications of these tariffs.

Original Source: www.coindesk.com

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