Bitcoin (BTC) $BTC experienced a significant drop of 2.5%, falling to approximately $108,745, following President Trump's announcement of potential 50% tariffs on European Union imports and a 25% tariff on foreign-made iPhones. This news led to a broader market downturn, with major cryptocurrencies like Ethereum (ETH), XRP, and Solana (SOL) declining between 3% and 4%.

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