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The review comes as Donald Trump's crypto friendly policy has pushed countries to soften their approach on digital assets.

As Asia begins its trading day, BTC's weakness likely reflects fears that a trade war could freeze global growth

XRP, dogecoin (DOGE) and Cardano’s ADA fell more than 25% to reverse all of the gains since December, reaching pre-U.S. election levels from early November.

The probability has doubled from last week as the renewed trade war between the U.S. and its major trading partners threatens to inject inflation into the global economy.

Bitcoin is down sharply over concerns about the potential impacts of the tariffs announced by the Trump administration. Watch these crucial chart levels.

BTC, ETH, SOL all down as the market digests the impact of the possibility of a global trade war

According to Larry Fink, CEO of asset management giant BlackRock, Bitcoin could eventually soar as high as $700,000. In an interview with Bloomberg at the World Economic Forum in Switzerland, Fink outlined a potential scenario that could send Bitcoin on a path to $700,000. Right now, we're at a point where allocating even 1% of a portfolio to Bitcoin is considered risky, especially if you're a pension fund, endowment fund, or other large institutional investor.