Following a steep decline over the weekend due to heightened risk aversion following U.S. President Donald Trump’s new trade tariffs and traders’ caution ahead of important inflation data, Bitcoin was essentially unchanged on Monday.
By 01:54 ET (06:54 GMT), the biggest cryptocurrency in the world was up 0.1% at $97,114.6.
Last week, Bitcoin saw a nearly 4% decline as investors shunned speculative assets like cryptocurrency due to growing liquidity concerns brought on by the U.S.-China trade war.
Crypto was also under pressure from the possibility of sticky U.S. inflation and high-for-longer U.S. interest rates, which significantly countered hopes for more lenient regulations under Trump.
