$BTC Drops 2.55% in 24h

What's Behind the Move?

#BTC pulled back to \~\$107K, losing 2.55% in the past 24 hours here are the 3 key reasons (based on insights gathered via the new CMC AI by CoinMarketCap):

1 Trump's Tariff Shock

On May 23, Donald Trump announced 50% tariffs on EU imports. This reignited global trade fears, triggering a risk-off move similar to BTC's -6.5% dip back in April during earlier tariff tensions.

2 Technical Resistance

$BTC failed to break through the \ $110K level (Fibonacci 127.2% target at \$117,485). RSI14 has droppe 63.3, indicating weakening momentum.