Bitcoin Hit By Fresh US-EU Trade Tensions
3h ago•
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The return of Donald Trump to the global economic arena was enough to shake the markets. On Friday, a terse statement on Truth Social ignited the powder keg: 50% tariffs on European imports starting June 1. The reaction was swift. Wall Street wavered at the opening, traders hurriedly adjusted their positions, and the crypto market felt the shock: Bitcoin dropped by 4%, leading to liquidations of over 300 million dollars.
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