WHAT EXACTLY TRIGGERED THIS CRYPTO DIP ? $BTC $ETH

The catalyst for this market-wide selloff came on February 1, when President Trump signed an executive order imposing significant tariffs on multiple countries: a 25% tariff on imports from Canada and Mexico, a 10% tariff on Chinese goods, and an additional 10% tariff specifically targeting Canadian energy and oil sectors. These measures are scheduled to take effect on Tuesday, February 4.

The international response has been swift and severe. Mexican President Claudia Sheinbaum and Canadian Prime Minister Trudeau have both announced retaliatory measures, while China has indicated it will take its case to the World Trade Organization. These developments have significantly dampened market sentiment across all risk assets.