Bitcoin Trades Below $100,000 for Third Day Amid Trade Tensions

Bitcoin (BTC) remains below $100,000, experiencing weak trading for three consecutive days. This decline coincides with Canada announcing 25% tariffs on U.S. goods in retaliation to U.S. tariffs on Canadian and Mexican imports. Key points include:

Canada's tariffs target a range of products, including drinks and appliances.
China plans to file a case against the U.S. at the World Trade Organization and will pursue countermeasures.
The renewed trade tensions may contribute to inflationary pressures, impacting Federal Reserve rate cut expectations.
The broader crypto market mirrors BTC's downward trend, with the CoinDesk 20 Index falling over 2%.