Bitcoin Falls on Tariff Uncertainty — Market Talk

Bitcoin falls as investors turn cautious ahead of the July 9 deadline when the pause in U.S. reciprocal tariffs ends. Only three trade agreements have been secured so far with Vietnam, China and the U.K., well short of expectations, IG analysts say in a note. This has prompted President Trump to shift tactics with plans to send letters to trading partners detailing new tariffs, they say. Meanwhile, the House approved Trump's tax-and-spending bill Thursday. It will add $3.4 trillion to national debt, raising inflationary concerns just as the economy shows strength, the analysts say. That reduces the prospect of interest rate cuts. Bitcoin falls 0.9% to $109,008 after reaching a five-week high of $110,585 Thursday, LSEG data shows. ([email protected])