Trump’s Proposed 50% EU Tariff Hits Crypto Markets Hard

President Donald Trump announced a 50% tariff on the European Union, triggering sharp drops in cryptocurrency markets and raising concerns about global financial stability. The announcement, made through Truth Social, sent shockwaves across various financial sectors within 24 hours, with Bitcoin falling to an all-time low of $109,621. Trump cited stalled trade negotiations as a primary driver for the new tariffs.