#TrumpTariffs 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 also closely assessed the consumer price inflation data released the day before, which came in below expectations, to evaluate tariff pressure and the prospects for interest rates from the Federal Reserve.

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