Today's Bitcoin price: 'It has dropped to less than $115.5 thousand amid concerns about tariffs and profit-taking.......

- Bitcoin fell on Friday, concluding a week of declines as cryptocurrency markets were affected by profit-taking amid growing fears regarding US trade tariffs and interest rates.

Furthermore, US job growth in July fell short of expectations, while the unemployment rate increased, indicating potential pressures in the labor market.

Bitcoin dropped by 2.4% to $115,890 by 4:22 PM Saudi time. The largest cryptocurrency in the world is expected to lose about 3% this week, as it has struggled to make progress after reaching record levels in mid-July.

A significant Bitcoin purchase by the largest institutional holder, Strategy (NASDAQ:MSTR), did not stimulate prices this week. The company also reported stronger-than-expected earnings for the quarter ending in June, although its shares did not show a significant response to this news.