Bitcoin itself should be going higher because of the tariff, not going down. This is why I hate investors who d onto understand the concept of bitcoin all together. If there is a tariff, then why would that make bitcoin investment a bad idea? Think about it, you are not trading anything from other nations, so tariff shouldn't really impact the price of bitcoin, but even if it did, then it would be just buy more bitcoins so you can trade outside of fiat world if you really want to.
That is very funny to see people misunderstanding what makes bitcoin worse or better, and this one doesn't make it worse so it shouldn't be dropping this hard. I am going to just go ahead and buy some more, I do not care what anyone else says.
Technically there's no correlation between the tariff and Bitcoin, it affect the world economy especially US, Mexico, Canada and China, which make less money circulated. Since the world economy are getting bad, people think that's affect availability of people to invest in Bitcoin.
Yeah Bitcoin price should increase this is something that affect to global, because people said Bitcoin is safe haven, Bitcoin is digital gold bla bla bla. But, the reality most people didn't pick Bitcoin as the safe haven, so the price went down instead.