Bitcoin declines to $108,000 range following Trump's announcement of potential 50% EU tariffs, sparking market-wide liquidations and trade friction concerns.
Bitcoin declined to the $108,000 range, marking a 2.4% drop in 24 hours, triggered by President Trump's announcement of 50% tariffs on EU imports. The market reaction led to widespread cryptocurrency selloffs, with over $440 million in total liquidations. Other major cryptocurrencies including Ethereum, XRP, and Solana also experienced downward pressure.
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