Due to comments made by U.S. President Trump suggesting a direct 50% tax on the EU, the cryptocurrency market has experienced significant volatility. Ethereum (ETH) saw a maximum intraday drop of 5%, currently priced at $2,548 per coin. Bitcoin (BTC) has dropped 2.8% intraday, currently priced at $108,452 per coin.

Market analysts state that Trump's tax proposal has heightened investors' concerns over global trade tensions, increasing risk-averse sentiment and putting pressure on risk assets.

New York futures gold has risen above $3,350 per ounce, up 1.67% intraday. Spot gold reached a high of $3,349.52 per ounce.