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Market Selloff: Bitcoin Down 25% From All-Time High, Tesla Sinks | The Opening Trade 02/28/2025
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February 28, 2025
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1:36:18Now PlayingEuropean equities dropped, tracking Asian shares lower, as US President Donald Trump’s latest pronouncements on trade tariffs drained investor appetite for riskier assets. Bitcoin plunged, extending declines from its January peak to over 25%. Regardless of how Friday turns out, February has been a terrible month for Tesla, with the stock dropping 14 of the 19 trading days in the month, including the past six straight. Trump said 25% tariffs on Canada and Mexico would come into force from March 4, while Chinese imports would face a further 10% levy. Economists say tariffs may hurt US growth, worsen inflation and possibly spark recessions in Mexico and Canada. China vowed “all necessary measures” against the US moves.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
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