🔥BTC Price Slides As Trump Announces 30% Tariff On The EU And Mexico🔥
CoinMarketCap data shows that Bitcoin has sharply dropped below $118,000 following Trump’s announcement of a 30% tariff on both the EU and Mexico. The flagship crypto had climbed to as high as $118,200 today but now looks likely to reach new daily lows following this announcement.
However, interestingly, the flagship crypto recovered well and surged to a new all-time high (ATH) on July 9, breaking above $112,000 for the first time in history. Since then, Bitcoin has continued to climb and now boasts a current ATH of $118,800. The break above $112,000 came on the same day that Trump sent trade letters to Iraq, Moldova, the Philippines, Algeria, and Libya, imposing tariffs on exports from these countries.
