Trump Announces EU Tariffs and Bitcoin Falls Below $85,000
After a consistent bearish signal, President Trump’s surprise announcement of EU tariffs destroyed bitcoin and the wider cryptocurrency market. As infectious diseases spread, traditional stocks related to encryption are feeling the heat.
Bitcoin ETF outflows hit record high, with BTC priced below $85,000 and clearing rate close to $745 million. We may be on the cliff of a bear market or a real cryptocurrency crash, but the community must stay strong.
Did tariffs trigger Bitcoin crash?
Donald Trump’s tariffs Today’s market is shrouded in the market, and cryptocurrencies behave like the sky drops. Although Bitcoin and other assets have been delayed after tariffs on Canada and Mexico, Trump recently confirmed He plans to develop them and soar in the cryptocurrency market.
Today, he follows hint 25% tariffs against the EU.
“We have made the decision and we will announce it soon. “Generally, that’s going to be 25 percent, that’s going to be cars and everything else,” Trump said at his first cabinet meeting. ”
and The price of Bitcoin New U.S. tariffs are already swinging, pushing the token into the abyss. assets The loss started for a weekand $500 million ETF outflow Help stimulate concerns about the upcoming bear market.
today, Weekly BTC ETF outflows reach all-time highBitcoin’s price has fallen below $85,000 for the first time since early November.
Infectious diseases spread in cryptocurrency inventory
So far, coinglass data The total liquidation volume is less than US$745 million. This is The $1.5 billion liquidation I saw yesterday. Crypto-related stocks have also taken a major blow.
Due to its massive inventory, the strategy (formerly MicroStrategy) is closely tangled with the price of Bitcoin. recent, It bought nearly $2 billion In BTC, its stock price is behind.
Now, its stocks have also fallen, which has promoted speculation It may have to clear its inventory. Since then, the price of stock recover A little, but it looks very shaky.
I also saw a temporary case study drop Due to the impact of tariffs on Bitcoin, its revenue streams are very diverse. Tesla, on the other hand, believes that Bitcoin returns as A large part of its income.
Between the sharp decline in the crypto market and growth dissatisfied From traditional product buyers, the company’s prices are in trouble.
In short, both Bitcoin and the rest of the cryptocurrency market have dropped significantly, and Trump’s tariffs may be the most direct trigger. Bearish indicators have been on the rise for a few days, while Trump has announced these EU tariffs with little fanfare.
after all, Record-breaking hackers and Shameless social media scam Just growing. Maybe it’s time to make corrections.
Still, even if the cryptocurrency community does achieve the worst fear in the near term, that’s not the reason for despair. The industry has been historically turbulent and has been recovering from its biggest crash.
Whether these tariffs reduce Bitcoin to a small percentage of its recent value, the community will remain resilient and innovative.
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