Trump's Tariffs Shake Crypto Market: Bitcoin Plummets, Investors Panic
On Friday, May 23, 2025, U.S. President Donald Trump announced a plan to impose a 25% tariff on Apple products manufactured abroad and a 50% tariff on imports from the European Union.
This move triggered turmoil in global financial markets, including the crypto market. Bitcoin fell by 2.5% to $108,745, while Ethereum, XRP, and Solana saw declines ranging from 3% to 4%