Bitcoin fell on Friday, extending recent declines as a trend of profit-taking in crypto markets showed few signs of slowing amid heightened uncertainty over U.S. trade and the economy.

Memecoins associated with President Donald Trump and billionaire Elon Musk clocked outsized losses amid an escalating public feud between the two. $TRUMP and Dogecoin led this trend. 

The world’s largest crypto fell 0.5% to $103,950.7 by 09:24 ET (14:24 GMT), having earlier fallen as low as $101,127.6. Broader crypto markets also largely fell in tandem with Bitcoin.

Risk appetite was rattled by a selldown on Wall Street, which in turn was triggered partially by the Trump-Musk feud. 

Traders also remained largely on edge before key nonfarm payrolls data due later in the day, which is expected to show sustained cooling in the U.S. labor market. 

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