Bitcoin Recovers Slightly After Falls Led by Global Trade Fears — Market Talk
Bitcoin recovers some ground after hitting a four-month low overnight on widespread risk aversion over concerns about the economic consequences of President Trump's trade policy. Bitcoin continues to act like a risky asset amid rising recession bets, Swissquote Bank analyst Ipek Ozkardeskaya says in a note. Fears that Trump's policies could have a "terrible economic and geopolitical fallout in the U.S. and beyond its borders" hit global stocks on Monday, she says. Bitcoin rises 1.8% to $80,805, having reached a low of $76,666 overnight, according to LSEG. ([email protected])