Trade tensions trigger safe haven sentiment, causing Bitcoin to fall.
Trade tensions are escalating, investors are avoiding purchasing risky assets, and Bitcoin is falling. Trump announced on Friday that he plans to increase tariffs on steel and aluminum to 50% starting from Wednesday. Market participants are awaiting key US data this week, including non-farm payroll data on Friday and the European Central Bank's interest rate decision. Bitcoin fell more than 1% intraday to $104,296 per coin.
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