$BTC Bitcoin fell in price on Thursday after U.S. President Donald Trump confirmed progress in trade negotiations with China but warned that new tariffs for major economies would be announced in the coming weeks.

Investors were also closely assessing the consumer price inflation data published the day before, which came in below expectations, to gauge tariff pressure and the outlook for interest rates from the Federal Reserve.

The world's largest cryptocurrency dropped by 1.7% to $107,782.20 as of 11:10 AM Moscow time.