Key dealers
- Bitcoin fell below $ 108,000 after Trump’s proposed 50% customs on EU imports.
- The crypto market remains sensitive to geopolitical tensions despite its independence from traditional markets.
Bitcoin fell under $ 108,000 at the beginning of Friday after President Donald Trump demanded steep tariffs on the European Union import and threatened Apple with similar measures.
The digital asset concerned $ 107,300 on Binance and withdrew from previous heights above $ 111,000 because the markets responded to recent geopolitical tension.
On Friday, the US president proposed a 50% duty on all EU imports from June 1, 2025, in a service at Truth Social. He quoted trade balances and regulatory frictions as a reason for the move and explained the current EU-USA’s trade dynamics “completely unacceptable.”
Trump also issued a direct warning to Apple and noted that iPhones sold in America must be built domestically or meet a 25% duty. Ultimatum to Apple -vd Tim Cook seemed aimed at Teknikgiganten’s extensive overseas manufacturing imprint.
Bitcoin hit a new highest time of $ 111,980 on Thursday after breaking its earlier height of $ 109,588 founded in January.
Demand for Bitcoin has been driven by its increasing correlation with gold, perceived assets with the safe seas and increased concern about Japan’s and US financial health.
In addition, corporate and institutional support, including the acquisition of units such as strategy and Mara Holdings, together with robust investments in US-listed Tot Bitcoin ETFs, increased the Bitcoin market position.
Bitcoin’s recent decline has gently reflected marketing terms. The response of the crypto market indicates that digital assets remain sensitive to macroeconomic and political development.
Bitcoin acted to approximately $ 108,200 at the press time, a reduction of 2.5% over the past 24 hours.