$BTC The price of Bitcoin today: drop to €105,000 amid uncertainties over Trump's tariffs
Bitcoin fell on Friday, extending its recent decline from record levels, as increased uncertainty regarding U.S. President Donald Trump's tariffs led to sustained profit-taking in the crypto sector.
The world's largest cryptocurrency was heading towards slight weekly losses, moving away from the peaks reached last week. New corporate purchases failed to push prices back up after Gamestop (NYSE:GME) announced it had bought over $500 million in tokens.
Positive regulatory developments also offered only limited support, with the Securities and Exchange Commission stating it would drop its pursuit against the crypto exchange platform Binance.
Bitcoin dropped by 1.8% to €105,580 at 3:54 PM.
Bitcoin heads towards a weekly loss amid fluctuations related to Trump's tariffs
Bitcoin faced prolonged profit-taking this week after reaching a historic high of over €111,000 last week.
Risk appetite was affected by very mixed signals regarding Trump's tariff plans. An appeals court decided on Thursday to temporarily allow Trump's tariff agenda, after a federal trade court decided to block his tariffs earlier this week.