PANews reported on February 3rd that according to Jinshi, risk sentiment weakened after Trump imposed trade tariffs on Canada and Mexico, and Bitcoin fell along with other cryptocurrencies. "The announcement scared the market because it marked further disruptions to global trade and supply chains," said Naim Aslam, an analyst at Zaye Capital Markets. He said Trump's threat to extend similar tariffs on the European Union and the United Kingdom has heightened concerns about escalating protectionist policies that could hamper global economic growth. Bitcoin has been volatile amid recent geopolitical and economic developments. He said investors should remain vigilant and take these factors into account.