BTC falls to $ 109K after Trump threatens 50% tariffs in the EU

Bitcoin fell more than 2.7% on Friday after the president of the United States, Donald Trump, recommended a 50% tariff to the products of the European Union.

As world actions fell in the middle of the threat of Trump tariffs, the price of Bitcoin (BTC) collapsed below the USD 110K to reach minimums of USD 107,385.

However, with the Dow Jones industrial average also experiencing a slight recovery of a fall of more than 500 points, the price of BTC was quickly recovered to quote above the USD 109,600.

Bitcoin Price Graph of coinmarketcap

More than 300 million dollars liquidated

The 24 -hour losses were around 1.7% at the time of writing this article, and the daily volume of BTC operations fell 30% to USD 65.5 billion. Bitcoin’s market capitalization was around the USD 2.17 billion.

Meanwhile, the upward traders surprised in the offside by the sudden pricing oscillation experienced amazing settlements.

According to Coinglass datathe total 24 -hour liquidation increased to more than USD 550 million, with long positions that represent more than USD 395 million. Of these recent lengths, around USD 309 million occurred in the hours after the publication of President Trump in Truth Social. The shorts represented around USD 156 million in liquidations in the last 24 hours, with around USD 36 million in the last four hours.

What did Trump say?

On Friday, the president of the United States, Donald Trump, went to his Truth Social account to announce their disappointment for how they have progressed – or not – so far commercial conversations with the European Union.

According to him, the EU “has been very difficult to deal with” and that the discussions between the United States and the block did not go anywhere. Trump said that he recommends a “direct tariff of 50%” to EU products, as of June 1, 2025.

“The European Union, which formed with the main purpose of taking advantage of the United States in commerce, has been very difficult to deal with. Its powerful commercial barriers, VAT taxes, ridiculous corporate sanctions, non -monetary commercial barriers, monetary manipulations, unfair and unjustified demands against US companies, and more, have led to a commercial deficit with the US 250,000,000 a year, a number that is totally unacceptable, ”Trump said.

Bitcoin’s price reacts and falls below 110 thousand dollars

The actions and cryptocurrencies fell after this announcement. Bitcoin, who had reached a new historical maximum above $ 111,000, cut some of these profits.

However, despite the fall, BTC is again above 109 thousand dollars and seeks to recover the 110 thousand dollars. Anthony Pompliano says that investors will quickly buy the fall, as happened in recent weeks in the middle of sales related to tariffs.

BTC quoted around USD 109,692 at the time of writing this article.