Crypto Markets Shed $100B+ After Trump’s EU Tariff Warning

The cryptocurrency market faced sharp losses over the weekend, with more than $100 billion wiped out after former U.S. President Donald Trump proposed a 50% general tariff on all goods from the European Union.

The week had started on a high note. Bitcoin (BTC) pushed past its January record, reaching $110,000, and briefly touched a new all-time high at $112,000 before settling near $111,000.

However, Trump’s tariff threats rattled investor confidence. In the hours following his announcement, Bitcoin dropped below $107,500, then slipped further under $107,000. As of now, BTC has recovered slightly and is trading just above $108,000.

Altcoins weren’t spared either. Notable declines were seen in:

• DOGE

• ADA

• SUI

• SHIB

• LINK

• AVAX

All posted losses between 3–7%, mirroring the broader market sentiment.

The total crypto market cap now stands at approximately $3.53 trillion, down sharply from previous highs.

Key Takeaways:

• Geopolitical tensions, particularly from major economies, continue to impact global risk markets.

• The crypto market remains sensitive to macroeconomic and political threats.

• Short-term volatility is increasing around Bitcoin’s all-time highs, with altcoins amplifying the moves.

While a recovery is in progress, traders and investors should remain cautious as global headlines continue to influence market direction.