Bitcoin Volatility Soars Amid US Tariff Announcement

Bitcoin has experienced a dramatic price surge and subsequent downturn, prompting investors to reassess their strategies amid uncertainty surrounding the U.S. tariff on European products set to take effect in June 2025. This shift has created ripple effects throughout the cryptocurrency market, leading to significant volatility, especially among leveraged traders. The announcement of the tariffs on EU goods led to a 4% drop in Bitcoin’s value, bringing its price down to $108,700. The resulting market reaction included over $600 million worth of leveraged positions being liquidated, further escalating market volatility and dampening trading activity.