Crypto in Crisis! Trump’s tariffs spark fears; what’s next for investors?

Flagship cryptocurrency, Bitcoin, which scaled a record high on optimism fueled by Donald Trump’s return to the White House as the 47th US President, tumbled sharply on Monday, February 3, 2025, as investors fretted over the economic impact of Trump’s recent tariff announcements. Notably, Trump has signed executive orders imposing new tariffs, including 25 per cent on Canada and Mexico, and 10 per cent on China.