Bitcoin slightly dipped on Wednesday, remaining firmly within a trading range observed in recent weeks, with risk appetite being curtailed by uncertainty regarding U.S. tariffs and their economic impact.
The world's largest cryptocurrency has hardly benefited from the advancement of President Donald Trump's Truth.Social platform plans to list a Bitcoin spot exchange-traded fund (ETF) in the U.S. markets.
Attention was fully focused on a potential call between Trump and the Chinese president, which could set the tone for future trade negotiations between the United States and China.
Although speculation surrounding this call has fueled risk appetite, it has been offset by Trump doubling tariffs on steel and aluminum imports – a measure that could put short-term pressure on American businesses.
