Bitcoin Struggles to Rise Meaningfully After Trade News, Powell RemarksMarket Talk

Bitcoin rises slightly as ongoing uncertainty over U.S. tariffs and cautious remarks from Federal Reserve Chair Jerome Powell about further interest rate cuts limit gains. President Trump said there was big progress in trade talks with Japan. However, investors remain skeptical given the lack of concrete results for now, especially between the U.S. and China, Deutsche Bank analysts say in a note. Powell warned of higher inflation resulting from U.S. tariffs and stressed the need to keep longer-term inflation expectations anchored. Bitcoin rises 0.2% to $84,430, according to LSEG. ([email protected])