Bitcoin Falls as Looming Tariffs Dampen Risk AppetiteMarket Talk

Bitcoin falls as investors remain cautious on risky assets ahead of U.S. reciprocal tariffs. President Trump is expected to announce the details of his latest tariff plans at 1600 ET with the levies set to take effect immediately. "We see some key aspects that will determine whether the financial markets interpret the announcements as aggressive or not," MUFG Bank's Derek Halpenny says in a note. A blanket tariff of 20%-25% on all major trading partners would be seen as most aggressive and likely illicit the biggest hit to risk sentiment, he says. However, there's speculation that discussions on tariffs could exclude certain countries. Bitcoin falls 1.2% to $84,197, according to LSEG. ([email protected])