Bitcoin Struggles to Recover Meaningfully as Tariff Worries Cap GainsMarket Talk

Bitcoin rises marginally as it struggles for a meaningful recovery following recent losses on worries about the global economic fallout of U.S. reciprocal tariffs that came into effect Wednesday. President Trump has imposed tariffs on most U.S. trading partners with a particularly high levy on Chinese goods of 104%. This weighs on appetite for risky assets including cryptocurrencies. However, crypto miners could benefit as the tariffs could result in lower prices for bitcoin mining rigs outside the U.S., Saxo Bank analysts say in a note. The tariffs could push up rig prices in the U.S., hitting demand. This could force manufacturers to lower prices in other regions to attract buyers. Bitcoin rises 0.3% to $77,238, according to LSEG. ([email protected])