🔥Bitcoin retreats due to Trump's statements on tariffs with the EU 👀
Bitcoin had a brief retreat moments before the opening of the stock market in the United States on May 23, bringing the price down to $107,316 before recovering again, this in reaction to comments about tariffs on the European Union.
In a post on Truth Social from the official page of President #TRUMP , it indicates that the discussions he is having with the European Union are going nowhere, and that is why he is recommending a direct 50% tariff on the European Union.
Not only did #bitcoin react negatively to this, but also traditional markets. This is reflected in the poor reaction of some indices at the stock market opening, with the S&P 500 and Nasdaq falling by 1% and 1.2% respectively. This still shows a fragility in the market due to undefined tariff issues.
How will Bitcoin perform during this first weekend after reaching a new all-time high?
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