โ Bitcoin Collapse After Trump's Threats to Impose Tariffs on the European Union โฌ๐ก
Today, May 23, 2025, the Bitcoin currency experienced a sharp decline of more than 4%, as its value dropped from a record high of $111,900 to around $107,000.
This decline follows the announcement by U.S. President Donald Trump of a 50% tariff on all imports from the European Union starting June 1, along with his threat to impose a 25% tariff on Apple products manufactured outside the United States.
Key Effects:
Bitcoin: A drop of more than 4% due to investor panic over the escalating trade war.
Global Markets: A noticeable decline in European and American stock indices.
Currencies and Commodities: The euro has fallen, while gold has risen by 1.5% as a safe haven.
Will the bleeding continue?
Escalating geopolitical tensions may continue to pressure markets and cryptocurrencies in the coming days.
Stay tuned for more analyses and updates!
