Bitcoin Plunges as Trump’s EU Tariffs Trigger Market Volatility

The cryptocurrency market experienced significant correction in recent days after President Donald Trump announced sweeping tariffs, sending shockwaves through digital asset markets. Bitcoin plummeted from near-record highs above $111,000 to $108,000 in a matter of hours, triggering over $500 million in liquidations and raising concerns about the market’s direction just days before a crucial options expiry. Trump’s tariffs on European Union imports, alongside levies on Apple iPhones manufactured outside the United States, were seen as an escalation in trade tensions that have already impacted traditional markets.