Bitcoin Drops to $115.5K as Tariff Fears Shake Market; All Eyes on U.S. Jobs Data

Bitcoin's price fell to $115,540 on Friday as investor concerns over new U.S. trade tariffs and interest rates triggered a sell-off across the crypto market. The world’s biggest cryptocurrency dropped 2.5% in early trading and is heading for a 2% weekly loss.

Even a large Bitcoin purchase by MicroStrategy (MSTR) and strong quarterly earnings from the company couldn't lift prices. MSTR shares rose 1.73%, but crypto sentiment remained weak.

🇺🇸 Trade Tariff Worries Hit Markets

The decline followed news that U.S. President Donald Trump signed an order to impose new tariffs on several trading partners. Although these will start in a week, the market is still unsure about how they’ll affect the economy.

The Federal Reserve said it will keep interest rates unchanged for now, waiting to see how inflation reacts to the tariffs. This has also made investors more cautious.

Higher interest rates often reduce the appeal of high-risk investments like Bitcoin.

📊 Investors Watch U.S. Job Data

Traders are now focusing on upcoming nonfarm payrolls data, which could affect the Fed’s next move. A strong jobs report might lower the chances of an interest rate cut, adding more pressure on crypto prices.

🪙 Altcoins and Memecoins Also See Red

The broader crypto market also suffered:

• Ethereum (ETH): fell 4.4% to $3,688

• XRP: dropped 4.8% to $2.99

• Solana & Cardano: both down about 6%

• Dogecoin (DOGE): slid 6.6%

• $TRUMP token: fell 5.8% today and is down 12.4% this week