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Bitcoin Faces Pressure Amid Trade Threats as Altcoins Struggle for Stability
- On May 23-24, 2025, U.S. President Donald Trump announced a 50% tariff on European Union imports, triggering volatility in cryptocurrency markets globally.
- The tariff threat followed stalled trade talks and growing geopolitical tensions, which intensified market uncertainty and risk aversion among investors.
- Bitcoin initially surged to an intraday high near $111,800 supported by institutional ETF inflows but later dropped around 2.7% to about $108,500 as altcoins faced sharper declines.
- Zach Pandl of Grayscale stated, "Altcoins are fundamentally riskier than Bitcoin," highlighting altcoins' vulnerability amid escalating trade conflicts and shifting investor sentiment.
- These developments suggest Bitcoin may strengthen as a geopolitical hedge while altcoins experience heightened downside risk, with the market outlook remaining uncertain in the near term.
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12 Articles
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Bitcoin’s price actions took a turn for the worse yesterday after US President Trump recommended a 50% general tariff against the European Union. The altcoins have also bled out on a daily scale, with more than $100 billion leaving the space within this timeframe. BTC Pushed Below $107K In general, it was a very good, some would say historic, week for the primary cryptocurrency. It started on a volatile foot as it pumped from $104,000 to $107,00…
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Bitcoin Faces Pressure Amid Trade Threats as Altcoins Struggle for Stability
The post Bitcoin Faces Pressure Amid Trade Threats as Altcoins Struggle for Stability appeared on BitcoinEthereumNews.com. Bitcoin’s price fluctuations intensified this week as trade tensions escalate, with altcoins experiencing significant declines amid renewed tariff threats. The latest comments from U.S. President Donald Trump, suggesting new tariffs on the European Union and Apple, have raised concerns about market stability. “Altcoins have …
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