Bitcoin and other major cryptocurrencies experienced a sharp decline today following tariff threats from former President Donald Trump. $BTC Bitcoin fell 2.5% to $108,745, while Ether, XRP, $XRP and Solana dropped between 3% and 4%. $TRUMP Trump's statement on Truth Social, threatening a 25% tariff on iPhones made outside the U.S. and a 50% tariff on EU imports starting June 1, caused disruption across financial markets. S&P 500 futures also dropped 1.3%. Prior to the announcement, crypto prices had been rallying due to optimism about the regulatory environment, aided by the Senate's approval of the GENIUS Act for stablecoin regulation. Additionally, major U.S. banks like JPMorgan and Citigroup were reported to be exploring a joint stablecoin project, potentially boosting institutional engagement. Analysts noted that current market strength derived from positive regulatory developments, ETF inflows, and corporate purchases by MicroStrategy, rather than mere momentum. However, Trump's tariff announcement injected economic uncertainty, triggering a move away from riskier assets like cryptocurrencies#TrumpTariffs #MarketPullback #ETHMarketWatch #BinancelaunchpoolHuma #BinanceAlphaAlert