$BTC Price Drops 2.7% After Trump’s 50% EU Tariff Announcement, What’s Next for Crypto?
Bitcoin’s price fell sharply after former U.S. President Donald Trump announced a 50% tariff on EU imports, sparking a sell-off in the crypto market. Reaching $108,956 and wiping out recent gains. Trading volume surged to $39.37 billion as investors reacted to the news.
Trump’s unexpected tariff policy, set to take effect on June 1, has raised concerns about market stability. Bitcoin’s market cap now stands at $2.15 trillion amid the volatility. With trade tensions rising, investors are watching closely to see if Bitcoin will recover or face further pressure.
