Bitcoin Falls as U.S. Tariffs Hit Risky Assets — Market Talk

Bitcoin edges lower after a sweeping 25% U.S. tariff on all steel and aluminium imports took effect Wednesday. Risky assets continue to suffer on President Trump's tariff announcements and after he refused to rule out a U.S. recession, Standard Chartered's Geoff Kendrick says in a note. A recovery in risky assets would require clarity over tariffs, which looks unlikely, or the Federal Reserve cutting interest rates sooner than expected, he says. Standard Chartered continues to expect bitcoin to rise to $200,000 by year-end. "In fact given all this noise increases Fed rate cut chances I am more emboldened in my longer term view." Bitcoin falls 0.4% to $82,513, according to LSEG. ([email protected])