#XRP $SOL $BTC Today's sharp decline in cryptocurrency prices, including Bitcoin, is primarily due to Donald Trump's announcement of a 50% tariff on goods from the European Union. This decision triggered panic in the financial markets, leading to the liquidation of positions worth about 450 million dollars and a drop in Bitcoin's price below 109,000 USD.

Additionally, the overall uncertainty in global markets, related to the downgrade of the US credit rating by Moody's and rising Treasury bond yields, prompted investors to withdraw from risky assets such as cryptocurrencies.

It is also worth noting that after reaching a record level of 112,000 USD, many investors decided to take profits, which further contributed to the decline in prices.

In summary, today's declines in the cryptocurrency market are the result of a combination of geopolitical factors, macroeconomic conditions, and investors' decisions to realize profits after previous increases.