Bitcoin retreats to $85K as US confirms March Canada, Mexico tariffs

Bitcoin halts a BTC price relief rally amid news that the US will go ahead with tariffs against both Canada and Mexico as planned, beginning in early March.

Bitcoin (BTC) drifted back to $85,000 at the Feb. 27 Wall Street open as markets digested confirmation of new US trade tariffs.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD pulling back from a relief bounce to $87,000 on the day.

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