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Bitcoin value dives as uncertainty grips global cryptocurrency market

Weighing on cryptocurrency prices was the Trump administration’s imposition of 25 per cent tariffs against Canada and Mexico.



Bitcoin's value plunged nearly 10% due to escalating trade war tensions with Canada and Mexico and uncertainty surrounding the potential creation of a US cryptocurrency reserve fund. Investors fled to less risky assets, causing a significant drop in Bitcoin's price, which fell to US$85,321.69 on Monday.

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