May 23, 2025
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Bitcoin Slowly Drops as Trump Proposes 50% EU tariff.

Bitcoin Slowly Drops as Trump Proposes 50% EU tariff. Truly, the grand master never fails to deliver. Bitcoin’s exclusive $111k price mark breaking was a big brace-up opportunity for all crypto enthusiasts. Nevertheless, there has been a slight shift from the recent significant mark, Undoubtedly, there is more to expect from the cryptocurrency market. Bitcoin rose extremely high above the price mark seen as of May 12, just while traders were still in excitement, a narrow decline pierced in.

Why Trump Proposes a 50% EU tariff

Bitcoin Slowly Drops as Trump Proposes 50% EU tariff

After a month of quietness and recovery on the tariff front and even reassuring developments between the two great trade-leading countries, the US and China, Trump is back with a bothersome motive. Unfortunately, he is back with a threat against the EU, which was a former partner. The president has a strong belief that the core purpose of the formation of the EU is to take advantage of the US. The president said that EU policies brought about a Trade Deficit of almost $250,000,000 annually. This was livestreamed in the last minutes and is affecting the cryptocurrency market.

Bitcoin Slowly Drops as Trump Proposes 50% EU tariff

Bitcoin slowly drops below $109,000 as Trump proposes a 50% EU tariff, though this has happened before. A few months ago, the cryptocurrency dumped to $75,000 (around April 7 and 9), not just bitcoin alone fell, some altcoins also were down. However, something extraordinary took place after the reconciliation of the US and China conflict: a significant improvement in the economy took place. Bitcoin aggressively added more than $35,000 within a month and a half, thereby breaking its January all-time high.

The overall value of liquidated positions seen has risen to more than $450 million, according to details from Coinglass. Approximately 150,000 overleveraged traders experienced a wreck in the past 24 hours.

Conclusion

In conclusion, Bitcoin’s slow drop below $109,000 is all as a result of the new tariff proposal by Donald Trump. The president believes that the core purpose of the EU formation is to take advantage of the US. Approximately 150,000 overleveraged traders experienced a wreck in the past 24 hours (sad indeed). Don’t forget to subscribe and share with family and friends.

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