Renewed trade war, coupled with mass deportations, could add to inflation. BTC's weakness likely reflects those fears.
Altcoins fared far worse than bitcoin as the new U.S. president seemingly ignited a trade war.
The White House confirmed sizable tariffs on Mexico, Canada and China will go into effect tomorrow.
This coincided with the launch of Donald Trump's memecoin $TRUMP which caused a wave of inflows to the network
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.
The Swiss banking giant, which has been experimenting with blockchain, tapped the layer-2 firm to test whether it could scale its current Key4 Gold program.
The asset manager said the token has transitioned from a memecoin to a tool for küresel financial inclusion.
Clawback refers to tokens that have a feature allowing the issuer to reclaim coins from user wallets under certain conditions.
February and March are both seasonally bullish months for bitcoin, with Q1 being the second-best-performing quarter.
The stablecoin market has grown by almost $40 billion since President Trump won the U.S. election.