Original Title: Bitcoin, Broader Market Dips After Trump Plans to Impose 25% Tariffs on EU
Original Author: Aoyon Ashraf
Original Source: coindesk.com
Compiled by Daisy, Mars Finance
Bitcoin and the broader market are falling as Trump plans to impose a 25% tariff on the European Union.
After Trump mentioned tariffs at the first cabinet meeting on Wednesday, both Bitcoin and the S&P 500 index fell to their lowest points of the day.
Key points: Bitcoin (BTC) price and the broader stock market fell to daily lows on Wednesday after U.S. President Donald Trump announced plans to impose a 25% tariff on the European Union during his first cabinet meeting.
The price of Bitcoin fell below $84,000, dropping more than 5% in the past 24 hours, while the S&P 500 also fell to its daily low. The broader digital asset market index CoinDesk20 fell 2.3% on Wednesday.
“We have made a decision and will announce it soon. It will be 25%.” The Financial Times reported Trump as saying.
After the recent market sell-off, some people believe that this downturn may be the bottom. However, Trump’s tariff plan on the EU seems to have dampened market optimism.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
