#TrumpTariffs #MerlinTradingCompetition $BTC

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Crypto Investors Lose $500 Million as Bitcoin Stabilizes Near $108K Amid Tariff Shock

The cryptocurrency market took a sharp hit late Friday, with crypto bulls losing an estimated $500 million after U.S. President Donald Trump issued sweeping new tariff threats. The turmoil came as Bitcoin hovered around the $108,000 mark, maintaining elevated levels but showing signs of volatility.

President Trump announced plans to impose a 50% tariff on all imports from the European Union, as well as a 25% levy on Apple iPhones manufactured overseas, citing what he described as “unfair trade practices” and a need to "put America first."

The news triggered immediate reactions across global markets. Stock indices tumbled, the dollar wavered, and riskier assets—including cryptocurrencies—faced a wave of liquidations. In the crypto space alone, over $500 million in bullish positions were wiped out, according to market data aggregators.

Despite the sharp sell-offs, Bitcoin managed to hold steady above $100,000, a level it first breached earlier this year. Analysts say the resilience may reflect growing investor belief that Bitcoin remains a hedge against geopolitical uncertainty.

Still, the latest tariff threats have reignited fears of a renewed global trade war—one that could weigh heavily on tech giants, international commerce, and digital asset markets alike.

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