Bitcoin Drops Below $109K After Trump Threatens 50% Tariff on EU Goods 📉
Bitcoin experienced a significant drop in value, falling below $109,000 in early morning trading on Friday. This decline followed President Donald Trump's announcement of a 50% tariff on all European Union goods, which sparked uncertainty and jitters in the market.
The cryptocurrency had previously reached an all-time high on Thursday afternoon, but the news of the tariff quickly changed the market sentiment, highlighting what is being termed as the "Trump effect" on trading.
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