🟦Bitcoin dropped 12%, erasing all gains following Donald Trump’s announcement of a U.S. crypto reserve. Investors are concerned about macroeconomic data and tariff policies.
🟦Trump imposed 25% tariffs on imports from Canada and Mexico and doubled duties on Chinese goods to 20%, triggering a crypto sell-off. However, BTC’s open interest declining by 14.42% and the fear index falling to 15 suggest a potential rebound. The market’s focus is now on the White House crypto summit on March 7.