Bitcoin Falls as Global Trade Tensions Dent Risk Appetite — Market Talk

Bitcoin falls as investors shun risky assets amid rising global trade tensions. President Trump threatened to impose more tariffs after the EU and Canada announced retaliatory measures in response to a 25% levy on all steel and aluminum imports into the U.S. This is weighing on risk appetite, Hargreaves Lansdown analyst Matt Britzman says in a note. While Wednesday's lower-than-expected U.S. inflation provided some comfort, the risk that prolonged tariff conflicts could reignite inflationary pressures is fuelling appetite for stable assets like gold, he says. "Bitcoin's ongoing price fragility reinforced concerns about its reliability as a store of wealth, a stark contrast to gold's enduring appeal in uncertain times." Bitcoin falls 0.5% to $82,720, according to LSEG. ([email protected])