$BTC

Bitcoin fell on Friday, continuing a recent decline as the trend of profit-taking in the crypto markets shows no signs of slowing amid heightened uncertainty regarding trade and the U.S. economy.

Meme coins associated with President Donald Trump and billionaire Elon Musk suffered significant losses amid a deepening public feud between them.

The world's largest cryptocurrency fell 0.5% to $103,950.7 at 4:24 PM Moscow time, previously dropping to a low of $101,127.6. Broader crypto markets also mostly declined along with Bitcoin.

Risk appetite was undermined by a sell-off on Wall Street, which was partly triggered by the spat between Trump and Musk.

Traders also remained mostly cautious ahead of the release of key non-farm payroll data expected later in the day, which is anticipated to show continued cooling in the U.S. labor market.