U.S. President Donald Trump announced the imposition of trade tariffs on 66 countries, with rates ranging from 10% to 41%. In the case of Canada, the tariff was increased from 25% to 35%, while no decision has yet been made regarding China. All new tariffs will take effect on August 1.
After this news, bitcoin temporarily dropped below $115,000. The altcoin market was also affected.
It seems like it could be a good time to enter a position if you haven't had the chance yet. DYOR.