Bitcoin Falls as Trade Tensions Cause Risk Aversion — Market Talk

Bitcoin falls as investors avoid buying risky assets due to increased trade tensions. U.S. President Trump on Friday announced plans to double tariffs on steel and aluminum up to 50%, starting Wednesday. Trade tensions between the U.S. and China also resumed after Trump accused China of breaking a recent trade truce. Market participants await key U.S. data this week, including Friday's monthly jobs data, and a rate decision from the European Central Bank. Bitcoin falls 0.6% to $104,402, according to LSEG. However, declines are limited and the crypto currency remains above last week's low of $103,143. ([email protected])