Decoding Bitcoin sells off as Donald Trump's tariffs take effect

Over $3.50 billion in assets have been withdrawn by investors from the Spot Bitcoin exchange-traded funds (ETF) in the US since February 3. Bitcoin was trading at around $86,400 on early Wednesday, seeing a 15 percent decline since Monday. This follows Donald Trump administration's decision to impose 20 percent tariffs on China and 25 percent on its neighbouring countries, Canada and Mexico.