#TrumpVsMusk

Bitcoin fell on Friday, continuing its recent declines as the trend of profit-taking in the cryptocurrency markets persists without showing signs of slowing amid increasing uncertainty regarding trade and the U.S. economy.

Meme coins associated with President Donald Trump and billionaire Elon Musk recorded significant losses amid a rising public feud between them. The $TRUMP coin and Dogecoin led this trend.

The largest cryptocurrency in the world decreased by 0.5% to $103,950.7 by 16:24 Saudi time, after earlier dropping to a low of $101,127.6. Broader cryptocurrency markets also declined in tandem with Bitcoin.

Risk appetite was affected by a sell-off on Wall Street, partly driven by the feud between Trump and Musk.

Traders also remained cautious ahead of the key non-farm payroll data scheduled to be released later today, which is expected to show a continued slowdown in the U.S. labor market.