Odaily Planet Daily News: Caroline Bowler, CEO of BTC Markets, said: "Trump's tariff war is affecting the entire market, and concerns about a recession caused by trade wars and stagflation are spreading to the altcoin and Bitcoin markets." BTC fell to around $97000, the lowest level in over two weeks. Specifically, BTC fell 4.3% in trading last Sunday, ETH fell 8%, and the sell-off of altcoins was even more intense. Including DOGE, which fell about 14% during trading hours, it has dropped 45% from the peak reached after Trump's victory stimulated a rebound in digital assets on December 8th. XRP, ADA, AVAX, LINK and other altcoins have all fallen by more than 10%. (Bloomberg) On February 1st local time, the US government announced a 25% tariff on imported goods from Canada and Mexico. On the same day, US President Trump signed a tariff order imposing an additional 25% tariff on imported products from Canada and Mexico, and a 10% tariff on energy resources from Canada. The tariffs are tentatively scheduled to take effect on the 4th. The White House has stated that if there is retaliation against US tariffs, the US may increase the intensity of tariffs.