Bitcoin price retreats this Friday amid new trade threats from Trump against the EU
After a May marked by stability and growth in the stock market, problems are re-emerging on the horizon. This Friday, the price of Bitcoin retreats after several weeks of increases, which culminated on Thursday with a historic high close to $112,000. The cause of this retreat is the new threats from the President of the United States, Donald Trump.
In a post on Truth Social, the magnate threatened to impose tariffs of 50% against the European Union starting June 1. The discussions held during the 90-day period are not yielding the expected results. In light of the lack of an agreement, the White House is preparing strong sanctions against its European partners, who will likely respond accordingly.
