Trump’s EU Tariffs Trigger Bitcoin Market Decline, Wiping Out $130 Billion

Donald Trump’s announcement of a 50% tariff on all EU imports, scheduled to take effect June 1, 2025, has triggered significant volatility in the cryptocurrency market. The move, motivated by stalled trade negotiations between the US and the EU, immediately wiped out over $130 billion from global crypto values. This is a stark illustration of how macroeconomic policy risks can impact the stability of digital currencies like Bitcoin and Ethereum.