Bitcoin disrupts less than 83 thousand dollars, as President Trump threatens the European Union by 25 % tariffs
Bitcoin continued to slip on Wednesday after President Donald Trump threatened to impose a 25 % tariff on the European Union.
This announcement came during the first Prime Minister’s meeting, causing the leading cryptocurrency to less than 83,000 dollars.
The coin reached a decrease in 82131.90 dollars, after the news took the headlines. Meanwhile, Bitcoin’s dominance is 59.72 %, a decrease of 0.31 % from the previous day.
The global market value of encryption decreased to $ 2.78 trillion, which represents a 3.97 % decrease during the last day.
The total trading volume in the encryption market decreased by 34.70 % to 139.74 billion dollars over 24 hours.
The main altcoins such as XRP, ETH and Sol are circulated in red.
Trump’s tariff in the European Union
Donald Trump warned of a 25 % tariff on imports from the European Union, and criticized the bloc by saying “it was formed to wear in the United States.”
His remarks came during his first meeting in the cabinet in his second term on Wednesday, when billionaire Elon Musk, who commissioned Trump to assign government spending, was present.
When asked about his identification plans, Trump said: “We have made a decision and we will announce it soon,” adding that the 25 % tariff will be applied widely, including cars and other goods.
His statement raises concerns about a potential via commercial conflict that can affect both American and European economies with more diplomatic relations between Western allies.
On Wednesday evening, the European Commission indicated that it would discuss whether the definitions have imposed, warning that the European Union “will” interact firmly and unjustified barriers to free and fair trade.
Trump is also planning to provide a 25 % tariff for Canada and Mexico as part of the administration’s efforts to reduce undocumented migration and trafficking in Fentanes across the United States borders.
BTC price under pressure
The threat of definitions follows the largest day of flows out of Bitcoin ETF on Tuesday, when more than a billion dollars of shared net flows were recorded.
This development, along with a series of coding scandals, less clear political updates, and a major penetration, prompted Bitcoin to what technician analysts call the bear market.
The Bitcoin price has decreased by up to 23.4 % of the record in January $ 109,114.
The last sale that started during the end weekend continued after penetration by BYBIT.
The market fluctuation was evident in modern liquidation numbers.
Over the past 24 hours, more than 157,000 interests have been filtered, totaling $ 625 million.
The Bitcoin qualifiers formed approximately $ 340 million of this amount, while Ethereum contributed about $ 117 million.
The post -bitcoin breaks down less
