
Bitcoin Recovers Slightly After Post-Tariff LossesMarket Talk
Bitcoin recovers some ground following sharp losses in the previous session triggered by heightened risk aversion on concerns over global economic impact of U.S. tariffs. However, the cryptocurrency remains below the key $80,000 level as traders remain cautious amid continued uncertainties following President Trump's decision to impose sweeping tariffs on U.S. trading partners last week. "Market turbulence looks almost certain to continue over coming weeks and months until the outlook becomes clearer, both in terms of the endgame for tariffs and the amount of damage done to the economy," IBOSS Asset Management economist Rupert Thompson says in a note. Bitcoin rises 0.5% to $79,321 after hitting a five-month low of $74,445 Monday, according to LSEG.([email protected])