Coindesk analyst Omkar Godbole stated that Bitcoin (BTC) fell below the SMA200 moving average line on Friday, with a weekly decline of 16%. Due to renewed concerns about U.S. tariffs, demand for the U.S. dollar increased, causing the price of Bitcoin to briefly fall below the $80,000 mark for the first time since November 10.

On Thursday, Trump announced plans to impose tariffs on Canada and Mexico starting from March 4, while doubling the 10% universal tariff on Chinese imports. ING stated in a report to clients on Thursday: "We expect U.S. tariffs to once again become the focus and drive the continued strength of the U.S. dollar." The U.S. dollar index rose to 107.30, continuing the trend of rebounding from a low near 106.15 on Wednesday.