Bitcoin Falls as Risk Appetite Wanes — Market Talk
Bitcoin falls as investors shun risky assets amid U.S.-China trade tensions and ahead of a speech from Federal Reserve Chair Jerome Powell. The U.S. and China will start charging new port fees on each other's ships Tuesday in the wake of President Trump's fresh tariff threats against China. Powell will speak at the National Association for Business Economics meeting at 1620 GMT. Markets will be monitoring any hints on the pace of future interest-rate cuts. Recent sharp falls in cryptocurrencies highlight the "rapid unwinding of risk in a market still dominated by automatic margin calls and fragmented liquidity," Tickmill Group's Patrick Munnelly says in a note. Bitcoin falls 3.4% to $111,883, LSEG data show. ([email protected])