*"Bitcoin declines 3% below the $115,000 level amid tariff concerns"*
Bitcoin fell on Friday by 2.5% to record $115,540.9, with a decrease in risk appetite due to concerns over U.S. trade policy and rising interest rates. This decline comes after U.S. President Donald Trump signed an executive order imposing tariffs on a range of the United States' trading partners, increasing uncertainty in the markets.¹
*Factors influencing Bitcoin's decline:*
- *U.S. trade policy*: New tariffs on U.S. imports increase concerns about their effects on the economy and inflation.
- *Rising interest rates*: Prolonged high interest rates reduce the attractiveness of high-risk investments such as cryptocurrencies.
- *U.S. employment data*: Anticipation of non-farm payroll data could influence the Federal Reserve's decisions on interest rates, increasing pressure on the cryptocurrency market.
*Performance of alternative cryptocurrencies:*
- Alternative cryptocurrencies broadly declined on Friday, with reduced demand for high-risk assets.
- Alternative coins are on track to record significant weekly losses amid profit-taking and declining market confidence.
