Bitcoin dips slightly as fears rise over tariffs and interest rates😱🚨🤔
Bitcoin dips slightly as fears rise over tariffs and interest rates
AI Summary
Bitcoin prices declined due to concerns over the imposition of tariffs and falling interest rates.
Traders anticipated new trade tariffs to be imposed by Trump, increasing pressure on prices.
Bitcoin fell to $108,933.4 due to fears of tariffs and no expectations of interest rate cuts.
Bitcoin prices declined during trading on Friday after giving up recent gains, as traders braced for trade tariffs to be imposed by U.S. President Donald Trump in the coming days, alongside a decline in market bets for a near-term interest rate cut, which increased pressure on cryptocurrency prices.
Wider cryptocurrencies also fell, despite U.S. lawmakers announcing the anticipated "Digital Currency Week," which will see discussions on a package of regulatory bills for the sector.
Bitcoin, the largest digital currency in the world, dropped by 0.9% to $108,933.4 by 09:22 GMT, after having risen to $110,500 during overnight trading.#BTC☀
