Bitcoin halts a BTC price relief rally amid news that the US will go ahead with tariffs against both Canada and Mexico as planned, beginning in early March. Bitcoin ( BTC) drifted back to $85,000 at the Feb.

Today’s Forbes Daily takes a look at Apple’s plan to add U.S. jobs, an update on Trump’s tariffs on Mexico and Canada, a drop in the price of Bitcoin and more.

Bitcoin dropped to $85,000 as markets reacted to U.S. President Donald Trump’s confirmation that new tariffs on Canada and Mexico will take

U.S. stocks ended down sharply Monday, with the S&P 500 posting its biggest daily percentage drop since December 18 after U.S. President Donald Trump said 25% tariffs on Canada and Mexico will go into effect on Tuesday,

The stock market initially bounced off a sharply lower opening and bitcoin (BTC) rose through $91,000 as Commerce Secretary Howard Lutnick — in an appearance on CNBC — said the president would exempt Mexico from his new 25% tariff for any goods or services covered under a previous trade agreement.

Shares of the iShares Bitcoin Trust ETF ( IBIT -2.39%) fell 17% in February, according to data from S&P Global Market Intelligence. The BlackRock exchange-traded fund essentially tracks the price of Bitcoin.

Bitcoin jumped more than 6% after Trump announced a one-month delay on auto tariffs for Canada and Mexico, easing market concerns.

But as of this writing, Bitcoin's price has retreated more than 20% to about $84,000. That decline can be largely attributed to the Trump administration's plans to impose or raise tariffs, which are stoking fears of higher inflation and elevated interest rates.

The big three cryptocurrencies are on the move today. Bitcoin ( BTC 2.06%), Ethereum ( ETH 2.14%), and Dogecoin ( DOGE 1.58%) are up 2.3%, 2.6%, and 1.7%, respectively, as of 12:30 p.m. ET. Earlier in the day, however, they were up as much as 6.1%, 5.5%, and 4.4%.