A tweet by former President Donald Trump has triggered a significant dip in Bitcoin price. The cryptocurrency dropped from $109,000 to $107,367 before rebounding to $109,348 within minutes. This volatility is attributed to the proposed 50% tariff on European goods announced by Trump on X (formerly Twitter), with concerns about its potential impact on the global economy growing in the financial markets. Trump has cited unfair trade policies and corporate penalties as reasons for this tariff proposal, set to take effect on June 1, 2025. This action has caused immediate market fluctuations, including a drop in Bitcoin price. The current volatility of BTCUSD is evident in its recent movement on the 4-hour chart, which shows a sharp decrease followed by rapid rebound.