🚨 Bitcoin Plunges Below $113K Despite U.S.–E.U. Trade Deal 🤯
📉 Market Update
Bitcoin has erased yesterday’s gains, tumbling to $112,200 after touching an intraday high of $114,800. The decline comes even as the U.S. and E.U. announced a finalized trade deal that slashes Trump-era tariffs.
🌍 Trade Deal Highlights
■U.S. will impose a 15% tariff on E.U. goods (down from Trump’s 30%).
■Exemptions: U.S. cars, industrial imports, aircraft, parts, and pharmaceuticals.
■Commerce Secretary Howard Lutnick hailed the deal as “historic,” with the E.U. opening its $20 trillion market.
🧐 Why Is Bitcoin Dropping?
1. Fed Rate Cut Odds Falling – Chances of a September 25 bps cut dropped from 99% → 71%, cooling investor optimism.
2. ETF Outflows – Bitcoin ETFs have seen 4 straight days of withdrawals, totaling ~$1B.
BlackRock alone sold $111M BTC today after heavy outflows yesterday.
🔎 Final Takeaway
Bitcoin’s fall below $113K shows that macro headwinds (Fed policy uncertainty) and institutional outflows (ETF selling) are outweighing bullish geopolitical developments like the U.S.–E.U. trade deal. Until liquidity improves and ETF pressure eases, BTC may stay under short-term pressure — though long-term fundamentals remain intact.