#BinanceEarnYieldArena Bitcoin fell on Friday amid a widespread 'risk-off' sentiment as global trade tensions escalated ahead of the U.S. imposing retaliatory tariffs. Investors are also cautiously awaiting a key inflation report to be released during the day for clues about the U.S. Federal Reserve's (Fed) interest rate path.

The world's largest cryptocurrency dropped 1.6% to $85,910.50 at 01:23 ET (05:23 GMT).