Investing.com — $BTC slipped under $116,000 on Monday, extending its retreat from last week’s record highs as softer expectations for aggressive Federal Reserve easing and rising geopolitical risks curbed investor appetite for risk assets.
At 10:10 ET (14:10 GMT), the world’s largest cryptocurrency was down 2.7% at $115,160, after topping $124,000 just days earlier. The pullback followed hotter-than-expected U.S. producer price data that reignited concerns over tariff-driven inflation.
Other major tokens also moved lower, with Ether falling further from near-record levels.
Fed Outlook Shifts, Tariff Concerns Return
Stronger U.S. Producer Price Index and import price readings last week led markets to scale back bets on a half-point rate cut in September. Futures tracked by CME FedWatch now imply expectations for a smaller 25-basis-point reduction.
Geopolitical Uncertainty Adds Pressure
At the same time, geopolitics weighed on sentiment. The Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin ended without an agreement on Ukraine. Trump, who had previously advocated for a ceasefire, instead backed pursuing a full peace deal first—a stance seen as favorable to Moscow.
Later today, Trump is scheduled to meet Ukrainian President Volodymyr Zelenskiy and European leaders in Washington, with investors watching closely for signs of progress or escalation.
The combination of weaker Fed easing prospects and geopolitical uncertainty has steered traders toward safe-haven assets. Gold prices edged higher Monday, underscoring the cautious tone across
